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North Bridge Looks West

By Dan Primack — 12 years ago

Running out of here to begin enjoying the long weekend (really, why are you even reading this?), but a quick personnel note of interest: Basil Horangic has left Austin Ventures, in order to help launch a Silicon Valley office for North Bridge Venture Partners. Horangic has been with AV for around six years, including the […]

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Adderton: “I’m Still CEO”

By Dan Primack — 12 years ago

Reports of Peter Adderton’s demise have been greatly exaggerated. In an exclusive interview with peHUB, the Amp’d Mobile CEO says that he remains in charge of the company, despite numerous blog reports suggesting otherwise (see here, here, here and my piece from this morning). He does, however, also acknowledge that the company is in the […]

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Compliance Trumps Complaints

By Dan Primack — 12 years ago

David Toll took some time earlier this morning to discuss fair-value accounting, which is something that private equity firms have assiduously avoided for years. Instead, most firms just carried portfolio companies at cost until liquidity – believing that conservatism was the most responsible course of action. Plus, low expectations are easier to exceed. Last September, […]

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The Adderton Rumor

By Dan Primack — 12 years ago

Three weeks ago, I got a tip that Peter Adderton was out as CEO of Amp’d Mobile, a mobile virtual network operator that has raised over $350 million in venture capital. I made two calls. First to Adderton himself, who told me that the rumor was untrue. “If I’m leaving, no one told me,” he […]

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Asia Cash Moves Down Under

By Amanda Palmer — 12 years ago

Private equity houses are planning to invest an estimated £25bn in Asia, but some have found it difficult to do major transactions in China and India. Both countries have proven resistant to advances from buyout funds, largely restricting their involvment to minority stakes in unimportant companies. As they look further afield for better deals, Australia […]

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Buyout Firms Finally Confront Fair Value

By David M. Toll — 12 years ago

Say a recession comes, slashing the value of portfolio after portfolio. How long will it take limited partners to see blood spilt on their financial statements? Unfortunately, it could take quite a long time. Many buyout firms still hold investments at cost for at least a year or more unless a subsequent financial transaction justifies […]

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Document Dump

By Dan Primack — 12 years ago

Just cleaning off the desktop… * The Kauffman Fellows Program has named its 12th class, with participants to begin their two-year journey this July. Here is the list of fellows and their mentors: Kauffman Fellows.pdf * Law firm Debevois & Plimpton has sent out its bi-annual private equity report. Lead story is about how the SEC’s “best […]

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Introducing: Fidelity Equity Partners

By Dan Primack — 12 years ago

Fidelity Ventures has a new running mate: Fidelity Equity Partners, which will focus on growth equity and leveraged buyout opportunities in the financial services and business services sectors. The group has $500 million in debut fund capital from the parent corporation, and offices in both Boston and London. It also has a pedigreed partnership, including […]

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Oaktree Winner: It’s Knight

By Dan Primack — 12 years ago

Who’s the big winner in Oaktree Capital Management’s sale of a 14% ownership position for approximately $800 million? Goldman Sachs, which is using the deal as a pilot for its new private market? Nope. Try the John S. and James L. Knight Foundation. Back in early 2004, the Knight Foundation led an investor group that […]

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Blinkx IPO is AIM’s Tipping Point

By Larry Aragon — 12 years ago

For well over a year, London’s AIM has been touting itself as a good way for tech companies to go public without the high costs of Sarbanes-Oxley compliance. But few VC-backed companies from the United States have made the leap across the pond. I believe that’s going to change following yesterday’s successful IPO by Blinkx, a video search […]

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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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