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Bain Fundraising Plans On Hold

By Dan Primack — 12 years ago

I had expected that this post would lead with something about how the Burger King mascot won’t be at Bain Capital’s annual meeting next week, but that Steve Pagliuca would bring along Greg Oden. That sounded so good approximately 14 hours ago, before I began yelling at my television set (exacerbated by a cameo appearance by […]

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Google Made 23andMe Do It

By Dan Primack — 12 years ago

One downside of taking venture capital from a public company is that the deal can wind up in an 8-K filing. At that point, startups have two basic choices: Ignore the filing and hope nobody notices, or grudgingly emerge from stealth mode.  But there’s a big caveat: If your company was funded by Google, forget […]

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Rich Levandov to Join Avalon

By Dan Primack — 12 years ago

Boston’s venture capital industry may be hemorrhaging market share into San Diego Bay, but at least one SoCal firm has decided to reverse the flow. peHUB has learned that La Jolla-based Avalon Ventures will open a satellite office in Boston – although a formal announcement will probably have to wait until Avalon finishes raising its eighth […]

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Thomson Takes a Snapshot

By Dan Primack — 12 years ago

Thomson Financial has just released an M&A and Private Equity Snapshot, for year-to-date 2007. Here it is: M&A Snapshot.xls Bullet points include: * Private Equity M&A accounts for 20.5% of year-to-date M&A activity, up nearly 4 percentage points from last year at this time. Private Equity activity in the U.S. accounts for 35% of overall […]

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Goldman Eyes Japan

By Dan Primack — 12 years ago

Goldman Sachs and SBI Holdings today announced a joint investment program, which will deploy approximately $820 million for mid-sized Japanese companies over the next three years. And it seems that Goldman might already have some targets. According to a May 17 client research report, Goldman has identified 64 listed Japanese companies that it believes would […]

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Where Does Alltel Rank?

By Dan Primack — 12 years ago

All the private equity rage today is Alltel Corp., which agreed to be acquired for $27.5 billion by TPG and Goldman Sachs. If successful, it would be the eighth-largest leveraged buyout in history – sandwiched between pending deals for First Data and Clear Channel. Here are the top ten leveraged buyouts in history, according to […]

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5 Questions for Mike Psaros

By Dan Primack — 12 years ago

KPS Capital Partners today announced that it has closed its third fund with $1.2 billion in capital commitments. So I’ve got 5 Questions for Mike Psaros, co-founder and managing partner of KPS: 1. By all accounts, this was an oversubscribed fund. How did you go about deciding who got in, who didn’t and specific allocations? […]

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The Arrival of Ariva

By Joanna Glasner — 12 years ago

Ariva Partners, a Portola Valley, Calif.-based firm founded by venture capitalists Ajit Shah, former general partner at Worldview Technology Partners, and Robert Simon, of Alta Partners, has come out of stealth mode. The fund’s founders tell PE Week that they are seeking to raise $150 million for an inaugural fund that will make seed stage and […]

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Highland Goes Euro

By Dan Primack — 12 years ago

Highland Capital Partners is opening up shop in Europe, to compete with fellow venture firms like Accel Partners, Atlas Venture, Benchmark Capital and Index Ventures. Its office will be based in Geneva, Switzerland — with general partner Fergal Mullen to formally relocate at the end of July. He will initially be joined by new senior […]

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Blackstone Blather

By Dan Primack — 12 years ago

The Blackstone Group has set terms for its initial public offering, just one day after confirming that it would sell a $3 billion non-voting stake in its management company to the government of China. The IPO terms work out to around 133.33 million common units being offered at between $29 and $31 per unit, which […]

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The Tax Man is Coming

12 years ago

Hold on to your wallets. Several tax changes have been bandied about recently aimed at raising revenue under new PAYGO rules adopted by the 110th Congress. One of them is the focus of a New York Times article, which would eliminate the offshore exemption for Unrelated Business Taxable Income (which is commonly dyslexically called “UBIT”) […]

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Breaking up is hard to do (with a General Partner)

By David Tom — 12 years ago

In a recent article in The Financial Times, Harvard Business School Professor Josh Lerner closed his discussion on the performance of portfolios of private equity partnerships by noting: But a large portion of the differences [in the performance of private equity portfolios] seems due to simply superior decisions about funds to invest in, and which […]

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Stop! In the Name of Love, Before You Break My Heart…

By Bart Schachter — 12 years ago

Diana Ross may be fretting, but the Supremes are betting! Specifically, they are betting that their recent decision on patent protection won’t stifle innovation (as some critics have argued), but actually will increase the relevancy of intellectual property in the economy. The Supremes have recently issued four rulings which would seem to significantly narrow the […]

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3i Says Goodbye to Boston

By Dan Primack — 12 years ago

3i Group is closing up shop in Boston (actually Waltham), as part of its continuing move away from early-stage investing in the U.S. The firm will continue to make later-stage venture deals out of its recently-consolidated Silicon Valley office, plus growth equity transactions from New York. The Boston office dissolution began when Allan Ferguson retired […]

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CCTV Wireless Stays Below Radar

By Dan Primack — 12 years ago

CCTV has emerged as the latest wireless lovechild of Columbia Capital and Highland Capital Partners, with just over $70 million in Series A funding. Other participants included Telcom Ventures and Sopris Partners. If you haven’t yet heard of CCTV – or the funding round – that’s probably because neither Columbia nor Highland is willing to […]

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Boston VC Quiz-Time

By Dan Primack — 12 years ago

Some blind items from a rainy Boston… * Can you name the brand-name venture capital firm that is closing its Boston office? Hint: It’s got plenty of other offices. * Can you name the general partner of a Boston-area VC firm that is moving to continental Europe? Hint: He’ll be the firm’s first partner on […]

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Friday FeedBack

By Dan Primack — 12 years ago

The rain is falling, the beloved Red Sox are cruising and I’m running late due to a poorly-timed TV appearance this morning. In other words, it’s time for some Friday Feedback. First up are two comments related to yesterday’s discussion of buyout-backed IPOs. Tom writes: “I haven’t done the empirical analysis, but it seems to […]

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Self-Promotion Alert (yeah, another one)

By Dan Primack — 12 years ago

I’ll be on CNBC’s Squawk Box program this morning at 8am, to discuss a variety of issues — including Bernanke’s stated concerns about private equity leverage and China’s decision to invest $3 billion with The Blackstone Group. If you’re getting the impression that I’m doing more media apparences than blogging this week, you’d be completely correct. […]

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