Today's News and Views

Showing all categories

Latest News

Is FSA Following DoJ?

By Amanda Palmer — 12 years ago

When the U.S. Department of Justice began its inquiry into club deals earlier this year, a spokesman for the UK Financial Services Authority told me that it was planning “no investigation into private equity deals in the UK.” Now, less than two months later, officials from the FSA are interviewing people involved in four key takeover bids to try […]

Continue

5 Questions for John Lehman

By Dan Primack — 12 years ago

John Lehman is chairman and a founding partner of J.F. Lehman & Co., a mid-market private equity firm focused on the aerospace, defense and maritime industries. He also is the former Secretary of the U.S. Navy, and recently completed service as a member of the National Commission on Terrorist Attacks Upon the United States (a.k.a. […]

Continue

Are LBO Firms Good For Companies?

By David M. Toll — 12 years ago

Debate continues to rage over whether buyout firms are somehow cheating on their deals. Are they stealing companies from hapless shareholders? Are they colluding on large transactions in a blatant violation of anti-trust laws?  And if not, how else can the enormous profits so many buyout firms generate be explained? All are interesting questions that […]

Continue

Brains, Net Neutrality & More

By Alexander Haislip — 12 years ago

PEHub.com sister publication PE Week is out today with several interesting stories: The Brain Trust Accelerator Fund, a venture capital fund launched by former AOL executive Steve Case to finance startups working to solve brain-related health problems, has had an initial close. PE Week subscribers will find more details on the fund’s focus and management. […]

Continue

More Overseas VC in ‘07

By Alexander Haislip — 12 years ago

The NVCA predicts venture capitalists will be investing more overseas in the coming year. But the group certainly didn’t need to commission a survey to come up with that conclusion. VCs have collected boatloads of cash to send overseas this year and firms that had once decried places such as China as investment black holes […]

Continue

Hicks Clarifies The Record

By Dan Primack — 12 years ago

On Wednesday, I disputed BusinessWeek’s assertion that Blackstone/KKR/Providence/Hicks Holdings had “walked away from a bidding war” over Clear Channel Communications. The BusinessWeek claim originated from an interview with Tom Hicks, so I concluded by writing the following: — I do not know why Hicks said what he said about walking away from the table, but yesterday put […]

Continue

My VC & Your VC, Sitting By The Fire…

By Amanda Palmer — 12 years ago

European VC is setting more than flags on fire, with homerun exits at twice the rate of US managers with half the amount of capital needed. Now that European Venture is back, how will US managers compete? For exits over $100m in market cap, more than one in four of the winners are European. For […]

Continue

VCs Game Shy

By Alexander Haislip — 12 years ago

Venture firms pulled back on gaming investments in 2006 despite lucrative exits early in the year. Investment dollars dropped nearly 38% in 2006 to $137 million, down from the $219 million invested during 2005, according to data from Thomson Financial (publisher of PEHub.com). It seems odd there would be a dip in 2006. Especially after […]

Continue

“Tell them to replace the CEO”

By Larry Aragon — 12 years ago

It seems VCs are now competing with one another to see who can come up with the best holiday card. The hands down winner so far is Blueprint Ventures, with its Web greeting card featuring entrepreneur-of-the-year Gary Snoman. Gary’s daydream of becoming a VC will make some laugh and others cringe. His favorite piece of advice: […]

Continue

5 Questions for Larry Schloss

By Dan Primack — 12 years ago

Diamond Castle Holdings today announced that it has closed its inaugural fund with $1.825 billion in capital commitments. The New York-based firm was founded in late 2004 by former CSFB/DLJ Merchant Banking pros, including group head Larry Schloss. Larry now serves as chairman and CEO of Diamond Castle, and this morning answered 5 Questions for peHUB.com: […]

Continue

Gaming for Dollars

By Dan Primack — 12 years ago

Thumb thumpers of the world rejoice! Major League Gaming just scored $25 million in VC funding from Oak Investment Partners. MLG is exactly what it sounds like: An organized league and sanctioning body for professional gamers. It even has nationally-televised “circuit” events, and held a $100,000 championship last month in Las Vegas. Sound ridiculous? Yup. Sound […]

Continue

Until The Bitter End

By Dan Primack — 12 years ago

BusinessWeek is reporting that Bain Capital and Thomas H. Lee Partners won the Clear Channel auction only after its competition “walked away from a bidding war.” BusinessWeek is wrong. The claim is part of an article that features Tom Hicks, an LBO pioneer who currently is investing in both private equity and real estate deals via a […]

Continue

Black-Scholes is Dead

By Alexander Haislip — 12 years ago

Black-Scholes is dead and the libertarians at Google killed it with a new type of stock option. Black-Scholes, you may remember, is the formula derived by Fischer Black and Myron Scholes and published in 1973 based on research done by Edward Thorp, Paul Samuelson and Robert Merton. Merton and Scholes won the Nobel Prize for […]

Continue

Dysfunction Junction

By Dan Primack — 12 years ago

I’ve run out of analogies to describe Pacific Corporate Group. So now I’ll just use an adjective: Dysfunctional. For the uninitiated, PCG is a La Jolla, Calif.-based private equity consultant and fund-of-funds manager with an unparalleled ability to chase away top talent. Names like Mike Moy, Kelly DePonte, Scott Vollmer, Craig White and Peter Martenson […]

Continue

Crystal Ball Gazing

By Dan Primack — 12 years ago

Venture Capital Journal is putting the finishing touches on its year-end issue, and per usual is soliciting one-line predictions about the 2007 venture capital market. Either pithy or prescient will work, with the best ones being a combination of the two. Got a prediction? Just email it over to me.

Continue

Nasdaq, AOL or Yahoo – The Next/Last Great Venture Exit?

By Bart Schachter — 12 years ago

More than Nasdaq or AIM, Yahoo has become in recent years The Great Venture Exit. Nestled in Sunnyvale only a Prius’s putter away from Google HQ, the elderstatesman of the Internet was only yesterday the contemplated ramp to riches for many college-aged entrepreneurs hoping to cash their internet traffic for a cool $1.65 billion. So […]

Continue

Contrarian Plays – Making Money in Residential Building Products and Services

12 years ago

In a white hot M&A market, we are often asked about sectors where investors can buy a business at a “reasonable” value. While the overall market continues to be strong, there are pockets of opportunities created in sectors where investor sentiment or underlying market trends don’t appear to be favorable – as has been the case […]

Continue

Yahoo’s Plan to Buy Facebook

By Alexander Haislip — 12 years ago

I got a tip earlier this year that Yahoo’s rumored buy of Facebook was a done deal but couldn’t substantiate it. I wrote a story saying that VCs were watching Yahoo’s Q3 earnings for a potential announcement. Nothing ever came of it, and I gave up browbeating my contacts at the social networking site and […]

Continue