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Too Soon To Panic

By Dan Primack — 12 years ago

The Dow is plunging, credit is crunching and new high-yield issues are looking less likely than a victory in Iraq. If only there was a way to pin it all on Blackstone… But here’s the thing: This isn’t yet the perfect storm that could destroy the buyout rush. All of the above are certainly elements, but […]

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Split the Baby?

By Dan Primack — 12 years ago

peHUB has learned that some Democratic lawmakers are talking compromise on the carried interest tax kerfuffle. The only problem is that they would be compromising with themselves, while the GOP remains entrenched at Fort Status Quo. To date, the issue has boiled down to this fundamental question: Should carried interest be treated by the IRS as capital gains […]

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Holy Grail of Gaming

By Dan Primack — 12 years ago

Another day, another gaming company gets venture capital funding. The latest entry is Guild Cafe, a Cambridge, Mass.-based developer of a social network for online gamers, which just raised an undisclosed amount of Series A funding from IDG Ventures Boston. Gaming companies raised over $260 million in VC funding last year, and should easily match […]

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Don’t Blame Schwarzman

By Dan Primack — 12 years ago

Blackstone Group hasn’t been faring too well in the public aftermarket, and a story in Saturday’s New York Post led with the following: Investors in The Blackstone Group are feeling swindled by boss Stephen Schwarzman and are hoping the “King of Wall Street” does something soon to boost the buyout giant’s beaten-down stock. Let’s break this […]

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Wanted: Female Junior Professionals

By David M. Toll — 12 years ago

Last month I launched a personal probe into why more minorities and women haven’t found their way into the lucrative world of private equity. First step was to check in with Willie Woods Jr., an African-American managing director of ICV Capital Partners, a New York-based mid-market buyout shop. In an interview with Buyouts, Woods attributed […]

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Q2 Data: Venture Capital Deals

By Dan Primack — 12 years ago

Venture capitalists may not be seeing many carry checks, but that hasn’t stopped them from making capital calls. VC deals hit a six-year high last quarter, according to new data from Ernst & Young and Dow Jones VentureOne. Overall, VCs disbursed $7.4 billion into 717 deals. Here’s the data: Press Release: EY-V1 VC 2Q 2007 […]

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Even Africa Offering Generous LBO Returns

By Mark Cecil — 12 years ago

Not even Africa is off limits for finding big buyout returns. Pan-African growth equity firm Emerging Capital Partners scored a pair of lucrative exits in the last two months, the most recent being the sale of Societe Internationale de Plantations D’Heveas, a rubber maker with operations in Ghana and the Ivory Coast. ECP, a Washington […]

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Amp’d Mobile RIP: 2003-2007

By Dan Primack — 12 years ago

It’s official: Amp’d Mobile is the most expensive venture capital mistake, post-bubble. More than $360 million down the drain, with little to show for it but lawsuits, animosity and fancy handsets that will soon use some other service provider. The Los Angeles-based company will shut down its service at 12:01am Tuesday, according to information posted on its website. […]

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Let’s Get Together

By Dan Primack — 12 years ago

I’m in Silicon Valley for most of next week, and am extending an open invitation to network and booze next Thursday night. We’ll be gathering at The Dutch Goose in Menlo Park from around 6:30-8:30. Hoping it’s big enough (never been there). If a surprisingly large number of people RSVP, then I’ll try finding larger […]

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Bulgarian VC Backs Travel Startup

By Amanda Palmer — 12 years ago

New Europe Venture Equity, Bulgaria’s first VC firm, has its first portfolio company: Lessno.com, a new discount travel site. The startup raised €3 million in Series A funding, which it will use for product development, staffing and marketing. Lessno.com was founded in New York City last year, and has since grown to 35 employees and […]

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Goldman Tries To Break Mezz Record

By Dan Primack — 12 years ago

Goldman Sachs has just two weeks left atop the buyout throne, after which its $20 billion fund will be eclipsed by a $22 billion entry from The Blackstone Group. But Goldman isn’t sulking. Instead, it plans to form the largest-ever mezzanine fund. Buyouts Magazine reported on its website that GS Mezzanine Partners is targeting $7 […]

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Where the Road Leads

By Dan Primack — 12 years ago

Last night I attended a cleantech networking hour in Cambridge (although I bought my own pint before realizing that sponsor Flagship Ventures had spring for pitchers). Good mix of VCs, entrepreneurs, headhunters, students and folks looking for work.  One general topic of conversation revolved around bubbles. Not surprising, of course, particularly given that VC firms keep adding […]

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Laissez Les Boom Temps Continuer

By Jeremy Harrell — 12 years ago

Most analysts have predicted that the current PE-backed M&A boom will exhaust itself when the sprinting credit market finally stops to catch its breath. But Robert Keiser and Matthew Toole, analysts at Thomson Financial (peHub’s sugar daddy), made a strong case this morning that the boom times are attributable to more than just cheap debt. […]

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Passing on the Costs?

By Dan Primack — 12 years ago

Private equity investors – both VC and LBO pros – keep warning that they will pass on additional tax costs to their limited partners, via increases in management fees and carried interest percentages: “Hey Rep. Levin: The federal government will get more revenue, but the Michigan State Treasury and State U will get less. And […]

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DealMakers Survey: Nothing Shocking

By Dan Primack — 12 years ago

Last month, I asked you to participate in the bi-annual DealMakers Survey compiled by the Association for Corporate Growth and Thomson Financial. We got about 1,000 total respondents, with the breakdown as follows: I-banker/intermediary (24%), Private equity pro (22%), Service provider (27%), Corporate executive (15%) and Lender (15%). The top-line result was that most dealmakers […]

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On The SEIU Buyout Bus

By Joshua Payne — 12 years ago

Times Square is ground zero of private equity’s conquest of corporate America, and Andrew McDonald’s goal is to explain that to as many people as he can. On Wednesday, McDonald, a spokesman for the Service Employees International Union, led a tour of the area to highlight the number of household company names owned by buyout […]

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LP Skepticism Over Buyout Firm IPOs

By Dan Primack — 12 years ago

Private equity firms going public will eventually be viewed like investment banks going public (maybe even with similar P/E ratios), but some of their investors aren’t quite ready to make the leap. The newest skeptic is the California State Teachers’ Retirement System (CalSTRS), which had nearly $11 billion in private equity assets through the end […]

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Obama Takes Q2 Dollar Lead

By Dan Primack — 12 years ago

I spent most of yesterday in Washington D.C. (or at least in the corporate sprawl Tyson’s Corner), and got to feeling a bit political. Specifically, I was interested to know if Mitt Romney had maintained his Q1 lead in terms of campaign contributions from the private equity community. The Wall Street Journal already had a […]

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