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Romney Rakes in LBO Dough

By Dan Primack — 12 years ago

Wall Street may favor Barrack Obama, but buyout pros are firmly behind former colleague Mitt Romney. The ex-Bain Capital chief raised approximately $257,525 from buyout pros in Q1 2007, according to data compiled by peHUB.com (LBO_Donors.xls). This compares to just $85,350 for Obama, $47,900 for Hillary Clinton, $47,900 for Rudy Giuliani and $41,450 for John […]

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An Exclusive Club?

By Dan Primack — 12 years ago

Spotted in the crowd at Buyouts Symposium East was Doug Lowenstein, head of the new Private Equity Council. So I ambled over, and asked why all of the inaugural PEC members are part of the “mega-fund” community? Does it indicate that PEC will be an exclusive club focused on the needs of the few, rather […]

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LPs: Venture Returns Too Concentrated

By Joanna Glasner — 12 years ago

The National Venture Capital Association made an exception to its annual meeting methodology this week, by opening up the majority of panels to the press. Observing most of the proceedings, it’s hard to say there was much reason to avoid the media spotlight. Venture capitalists and the ecosystem of entrepreneurs, investment bankers and corporate acquirers […]

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Next big thing: Distressed debt funds?

By Lawrence Aragon — 12 years ago

As tech buyouts get more and more competitive, some PE firms are bidding up deals through overly aggressive debt. That’s what Alex Slusky of Vector Capital and Robert Smith of Vista Equity Partners said during my tech buyouts panel yesterday at the Buyouts Symposium. They both half-jokingly said that they plan to raise distressed debt […]

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The Clear Channel Lesson

By Dan Primack — 12 years ago

Bain Capital and Thomas H. Lee Partners blinked yesterday, when they agreed to up their per share bid for Clear Channel Communications from $37.60 to $39. Early indications are that the increase still might not sway opposition shareholders like Fidelity Investments, but the move lends credence to an argument far larger than any one deal: […]

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Predicting Future Performance

By Dan Primack — 12 years ago

Every private equity firm brags in public about how it’s funds are top-quartile, but it’s often a different story once they get behind closed doors with prospective limited partners. Some firms can legitimately maintain their public face, but the vast majority plead for why things will be different the next time around. Unfortunately, it appears […]

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Musical Chairs at NVCA

By Dan Primack — 12 years ago

The National Venture Capital Association yesterday announced that Ted Schlein of Kleiner Perkins would succeed Bob Grady as chairman for the upcoming year. But, as Alex Haislip reported last year, the job had originally been expected to go to board member Heidi Roizen of Mobius Venture Capital. So, what happened? In short, Mobius decided not […]

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NVCA: Roizen vs. Schlein

By Alexander Haislip — 12 years ago

The National Venture Capital Association has named Ted Schlein of Kleiner Perkins to succeed Carlyle Group’s Bob Grady as chairman. But Grady told me in 2006 that Heidi Roizen, managing director of Mobius Venture Capital, would be the chairperson this year. My colleague Joanna Glasner is on the scene in Washington D.C., and may be able […]

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Come On Down…

By Dan Primack — 12 years ago

Greetings from Day 2 of Buyouts Symposium East, where this afternoon I’ll be moderating a debate between Kevin Conway, managing partner of Clayton Dubilier & Rice, and Andrew Ross Sorkin, chief M&A reporter for The New York Times. The over-arching theme will be “Perceptions of Private Equity” – and the two will discuss everything from […]

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Buyouts Award Winners

By Dan Primack — 12 years ago

The first-ever Buyouts Awards dinner just concluded, and what follows is a list of the winners: Firm of the Year The Carlyle Group Deal of the Year Cerberus — GMAC Mega-Deal of the Year Cerberus — GMAC Large-Market Deal of the Year Bain/Carlyle/TH Lee — Dunkin’ Brands Middle-Market Deal of the Year Wellspring Capital — […]

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NVCA Sets Agenda, Board

By Joanna Glasner — 12 years ago

WASHINGTON– The National Venture Capital Association ushered in a new board at its annual meeting today, and laid out an agenda that calls for reform of securities laws and increased awareness among legislators of the distinction between venture capital and buyout asset classes. The group named Ted Schlein, a partner at Kleiner Perkins Caufield & Byers, […]

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Live-Blogging D’Aniello Speech

By Dan Primack — 12 years ago

Dan D’Aniello, a co-founder of The Carlyle Group, is scheduled to begin speaking in about 15 minutes. Let’s hope for some talk about Carlyle going public, the firm’s China problems and the Private Equity Council that D’Aniello and company helped spearhead… Ummm… so much for liveblogging. Seems my wireless access died off at just about […]

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Self Promotion Alert

By Alastair Goldfisher — 12 years ago

I’m headed to school today. No, this is not a career change. I’m visiting a journalism class at my alma mater, San Jose State, for a career day. I have regularly spoken to classes there or participated in SJSU’s Magazine Day over the last 16 years for my former magazine prof Harvey Gotliffe. One year, I […]

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Centrify Raises EQUITY Round

By Dan Primack — 12 years ago

I was flipping through some regulatory filings last week, and noticed that Centrify Corp. had raised what looked like $15 million in Series C preferred equity funding. But a bit further down, I noticed that the company had listed all $15 million on the “debt” line, instead of on the “equity” line. So what did […]

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Live Blogging Buyouts Con

By Alexander Haislip — 12 years ago

Here’s my unedited notes from the Thomson Buyouts East Symposium. This is the LP panel. David Toll: This morning I’m grateful to have investment officers from four different institutions. [Introductions] James Clarke, Ewing Marion Kauffman Foundation Andrea Kramer, Hamilton Lane Advisors Christopher McDonough, City of Phila, Board of Pensions & Investments Philip Shaw, Invesco Private […]

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Dow Chemical: Exception to the Rule?

By Dan Primack — 12 years ago

Last week, I expressed astonishment that two Dow Chemical executives would solicit buyout offers without the board’s knowledge or authorization. These were rogue employees who hoped their brazenness might result in such a good offer that the board would forgive their misdeeds… Misguided for certain, and unusual within a “don’t rock the boat” company like Dow… Right? Well, […]

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NEA-IndoUS Closing First Fund

By Alexander Haislip — 12 years ago

NEA-IndoUS Ventures expects to hold a final close on an inaugural fund of $175 million in mid-April, firm co-founder Vinod Dham told PE Week. (subscribers can read full story here). The new firm focuses on early stage opportunities in India. New Enterprise Associates is the fund’s primary limited partner and has lent its acronym as […]

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Horangic To Leave Austin Ventures

By Dan Primack — 12 years ago

Basic Horangic is leaving Austin Ventures, after having served as a general partner for the past six years. AV sent the following email this morning to its limited partners and other friends of the firm:  “We wanted to let you know that one of our General Partners, Basil Horangic, has decided to leave Austin to […]

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