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Club Deals Not Going Away

By Dan Primack — 11 years ago

I just finished being interviewed by a reporter about the possibility of a Chrysler buyout, during which I was asked the following question: “Do you think it could be a club deal?” My response was a more articulate version of “hell yeah.” The question’s undercurrent was this burgeoning notion that club deals are – or […]

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PE Prompts Insider Trading

By Dan Primack — 11 years ago

The top news item on yesterday’s PE Week Wire was that federal regulators had charged several unnamed individuals with insider trading related to the $45 billion buyout offer for energy company TXU. Specifically, it alleged that the culprits stood to gain $5.3 million after having used inside knowledge to trade TXU stock options just days before […]

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How to Stay Hungry

By Alexander Haislip — 11 years ago

It’s hard to stay hungry when you’re milking a cash cow. Plus it’s boring to work for a legacy product that seems to magically manufacture money, even if you’re getting paid more than the industry average. James Hong ran into this problem with HotOrNot.com, a website he founded in 2000 that had $4 million in […]

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RingCube To Announce Series B

By Alastair Goldfisher — 11 years ago

I’ve always believed that you should root root root for the home team. But as a graduate of San Jose State University, it’s been difficult to be a booster of the college. Till this last season, I can’t ever recall the Spartans winning more than two football games a year. And when it comes to entrepreneurship and innovation, […]

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VCs Connect with Cartilage Companies

By Dan Primack — 11 years ago

Carticept, an Alpharetta, Ga.-based developer of medical devices that help repair cartilage defects, has quietly raised $23 million in additional Series A funding from return backers Domain Associates and New Enterprise Associates. If the company doesn’t ring a bell, that’s probably because it was called Windward Medical Inc. when it scored $2.55 million in startup […]

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OVP Adds Partner, Closes Fund

By Alexander Haislip — 11 years ago

OVP Venture Partners recently held a $250 million final close on its seventh fund and added Mark Ashida to its partnership roster. Ashida will serve as partner at OVP, focused on the security, networking and infrastructure spaces. He previously was with Microsoft as general manager of Windows enterprise networking and, before that, was COO of […]

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vSpring’s First Close

By Alexander Haislip — 11 years ago

Early stage venture firm vSpring Capital has raised $56 million toward an anticipated $250 million third fund, according to regulatory filings. The new fund would be nearly three times larger than its second, an $86 million fund raised in 2004. Subscribers to PE Week can learn more about the firm and its new fund.

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Self-Promotion Alert

By Dan Primack — 11 years ago

Update: Watch the video here. I’ll be on CNBC’s Sqwawk Box program tomorrow morning at 7:40am ET, to discuss how the recent public market correction will affect private equity and M&A activity. My initial thoughts harken back to a speech given by Scott Schoen of Thomas H. Lee Partners, during last year’s Yale Private Equity […]

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Say Hello to TPG

By Dan Primack — 11 years ago

Like Kentucky Fried Chicken before it, Texas Pacific Group has officially dropped its regional moniker in favor of an acronym. The firm will heretofore be known simply as TPG, which is what lots of folks referred to it as anyway (at least in second references). The move does not have any operational impact, as TPG […]

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Emerging Markets PE Fundraising Tops $33b

11 years ago

Optimisim about emerging markets private equity appears to be continuing. EMPEA last week released its data tracking fundraising for emerging markets-dedicated private equity.  2006 saw 162 PE funds raise over $33 billion for emerging market regions, a 29% growth from 2005 levels of $26 billion and 5x the $6.5 billion raised in 2005. All regions witnessed at least double […]

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VC Rookie Mistake #2: The Postnuptial Agreement

By PEHub Administrator — 11 years ago

My husband and I hosted an engagement party over the weekend where the chatter turned to the new phenomenon of the “Postnuptial” agreement. The banter that ensued led me to thinking about VC and the tangled web we weave of agreements… (Amazing! An analogy that does not draw from poker! How entirely out of character […]

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Entrepreneurship in Lagos

By Alexander Haislip — 11 years ago

I’m finally getting to my November 13 New Yorker Magazine, which has an awesome, sprawling profile of Lagos by George Packer. I couldn’t find it on the New Yorker’s website, but Google found it mirrored here. One line jumped out at me last night as I was reading it. It made me think about the […]

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Spinning by the Bay

By Larry Aragon — 11 years ago

Bay Partners appears to be trying to rewrite its history, judging by Matt Marshall’s post over at VentureBeat. The very strong implication is that MP Neal Dempsey pushed out the firm’s non-performers. We’ve been covering the troubles over at Bay for a while. This is less a case of Dempsey proactively “transforming” the firm than […]

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Friday Feedback

By Dan Primack — 11 years ago

The rain is pounding, the public markets are slumping (to be kind) and we’re just two weeks away from our annual March Madness competition. In other words, it’s time for Friday Feedback. First up are some responses to Tuesday’s column, which discussed the copyright infringement lawsuit filed by Sequoia Capital against ComVentures. Fred writes: “Methinks […]

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Clear Channel Makes Its Case

By Dan Primack — 11 years ago

Clear Channel Communications owns an enormous number of radio stations and billboards, but apparently believes that U.S. Postal is the best way to amplify its pro-buyout message. The company today is sending out a letter urging shareholders to vote in favor of a $19 billion offer from Bain Capital and Thomas H. Lee Partners, despite some […]

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Vietnam = China — 7 Years

By Alexander Haislip — 11 years ago

Don Lam, the managing director of private equity firm VinaCapital, weighed in on various segments of the Vietnamese market on Bloomberg Television Wednesday. The take away: “If you missed the chance to invest in China seven to eight years ago, Vietnam would be the right place since it is seven to eight years behind China […]

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5 Questions with Microbia’s Peter Hecht

By Dan Primack — 11 years ago

Microbia Inc. today announced that it has raised $50 million in Series F funding, which will help its three lead compounds move through Phase II trials. Yes, two of those three drugs focus on [insert scatologic reference here] – specifically, chronic constipation and irritable bowel syndrome – but the third is aimed at high cholesterol, so […]

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Stealth Alert: iMooch

By Alexander Haislip — 11 years ago

iMooch, a web2.0 startup in New York, raised $250,000 from its founder’s friends and family to build a social network for people to make money from various forms of user-generated content, PEHub.com has learned. The startup is run by Nalin Patel, an MIT graduate who was the vice president of technology at the Hollywood Stock […]

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