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Sunday Night Silliness

By Dan Primack — 12 years ago

60 Minutes typically closes its segments with a profound statement, or at least one that makes you think. But tonight it ended with a red herring. The source was Anne Lauvergeon, chairwoman of French nuclear energy giant AREVA. She commented that those worried about carbon emissions have just four primary energy technologies from which to […]

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Off For Judging Duty

By Dan Primack — 12 years ago

Apologies for the light posting today, but I’m heading off to judge the semifinals round of a cleantech business plan competition sponsored by MIT. I and two other judges will get pitched by three different companies, includes ones that claim to have: (1) Developed a new process for producing solar-grade silicon; (2) Developed an onsite renewable generation system; […]

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Romney’s Money Men

By Dan Primack — 12 years ago

If there’s one thing that private equity pros know how to do, it’s raise money. So it shouldn’t have been too surprising when former Bain Capital chief Mitt Romney announced that his presidential campaign committee had scored $23 million in Q1 donations. This puts him well ahead of GOP rivals like McCain and Giuliani, and […]

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Stable Returns, Through Good Times And Bad

By David M. Toll — 12 years ago

When it comes to charting U.S. buyout market fund-raising, think Mount Everest. Back in the 1990s, spike-booted U.S. buyout firms raised more and more money every year, almost without exception. By 1998, they raised $55.5 billion, nearly ten times as much as they had raised six years before, in 1992. The year 2000 saw a […]

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Trading Places

By Dan Primack — 12 years ago

Tons of top-level personnel moves in the LP arena this week. The most notable is that Mel Williams of UNC and Edwin Poston of the Rockefeller Foundation have teamed up to form a new shop called TrueBridge Capital. The Chapel Hill-based shop already has begun marketing a VC fund-of-funds with a target of around $250 […]

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Apollo Follows Blackstone’s Lead?

By Dan Primack — 12 years ago

CNBC is reporting that Apollo Management is working with Goldman Sachs on a possible IPO. The New York Times, on the other hand, says it’s all a bunch of hooey. So who’s right? I don’t have a conclusive answer, except to say that I also had heard the “Apollo is meeting with Goldman” story, from a […]

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Document Dump

By Dan Primack — 12 years ago

Just cleaning off the desktop… Goodwin Procter and ACC America recently held a seminar called What’s Behind Door #3: Avoiding Traps When Buying & Selling Companies. Here are the event’s presentations: acc_3_29_07.pdf An advanced materials and energy tech valuation review from WR Hambrecht: energy_tech_review.pdf A whitepaper on Successful Windown and Exit Management, by Bruce Erickson […]

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OBWC Portfolio Sale Nears End

By Dan Primack — 12 years ago

Ohio could certainly use some good news, after the locals got tossed again by Florida in a national championship game. So here it is: The Ohio Bureau of Workers’ Compensation is just weeks away from exiting the private equity market. Hoorah! Ok, I know what some of you are thinking: “Isn’t this a bad thing, given […]

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Tuesday Talkback

By Dan Primack — 12 years ago

The sky is gray, Schilling’s arm was less useful yesterday than Gredenko’s and David Tom is the big winner of our March Madness Extravaganza. In other words, it’s time for some Tuesday Talkback. Today’s edition is entirely devoted to The Blackstone Group IPO, since I haven’t done one of these since they filed. Tons of […]

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SRF GP Shops Around

By Alexander Haislip — 12 years ago

Sevin Rosen Fund General Partner Nick Sturiale is actively looking for a new job and has interviewed with at least one other Palo Alto, Calif.-based early stage venture firm, sources told PE Week. Sturiale’s job search comes about six months after Sevin Rosen halted fund-raising for its 10th fund and proclaimed in a letter to […]

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Q1 ’07: Record Buyout Dealflow

By Dan Primack — 12 years ago

Buyouts Magazine is reporting that Q1 2007 was the busiest quarter on record for leveraged buyouts, with 283 control-stage transactions at a disclosed value of $102.6 billion. The data includes only closed transactions that involve U.S. sponsors and/or U.S. targets. The same period last year saw 248 deals for a disclosed value of just $50.7 […]

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Gametime: Fantasy Baseball

By Dan Primack — 12 years ago

I’m pleased to announce the launch of our inaugural Fantasy Baseball League for readers of peHUB.com and PE Week Wire. (full details after the jump) The number of participants is unlimited, and the signup deadline will go through next Thursday (sorry purists, you’ll be unable to count the season’s first few days). Each player will […]

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Q1 2007 Datapalooza

By Dan Primack — 12 years ago

A bunch of downloadable Q1 data from the fine folks at Thomson Financial (so fine, in fact, that they pay me every other week): Global M&A Review: M&A.pdf Debt Market Review: DebtMarkets.pdf Equity Market Review: EquityMarkets.pdf Syndicated Loan Review: SyndicatedLoans.pdf VC-Backed Exit Review: VC-Backed_Exits.pdf More data expected to come later today…

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KKR To Buy First Data for $29 Billion

By Dan Primack — 12 years ago

Word just came that KKR has agreed to acquire credit card processing company First Data Corp. (NYSE: FDC) for approximately $29 billion. It would be the fifth-largest leveraged buyout in history, supplanting Harrah’s. See press release here: FirstData.pdf Under terms of the agreement, First Data shareholders would receive $34 per share, which is around a […]

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Sana Secures New Cash & CEO

By Alastair Goldfisher — 12 years ago

Don Listwin’s resume includes a 10-year stint at Cisco Systems. But Don doesn’t talk much about his past gigs as he’s squarely focused on his current role, leading Sana Security, a developer of malware defense technology. Don says that he’s put in about $5 million into the San Mateo, Calif.-based company, which is expected to […]

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Gametime: March Madness

By Dan Primack — 12 years ago

Just one game left, and our leader remains David McCoy, a principal with National City Equity Partners. David has 143 points, with Ohio State beating Florida in the finale.   There are three players currently tied for second place with 140 points, but each of them also has Ohio State as national champs. So who […]

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Weekend Reading

By Dan Primack — 12 years ago

For those who suffer work withdrawal on the days of rest… * Fred Wilson on lessons learned from his investment in The Industry Standard… and on Pat McGovern’s claim that John Battelle refused to sell for $400m-$500m. * Huge kudos to Dealbreaker, for standing up to the arrogant asses at hedge fund Solengo Capital. Go to their site, […]

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5 Questions for Dan Tarantin

By Dan Primack — 12 years ago

Calera Capital and TPG today completed their $630 million buyout of Direct General Corp., a Nashville, Tenn.-based provider of insurance products via a network of retail storefronts. As part of the deal, former Cendant executive Dan Tarantin will take over as Direct General’s new CEO. So we’ve got 5 Questions for Dan, including how he […]

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