Today's News and Views

Showing all categories

Latest News

Random Ramblings: Rapt & TL Ventures

By Dan Primack — 12 years ago

The Rapt Inc. lawsuit has been settled out-of-court, according to PE Week. No details were disclosed. The case had involved two of three Rapt Inc. founders suing venture backers Accel Partners and Levensohn Venture Partners for fraud and breach of fiduciary duty. *** A few months ago, I told you that three IT-focused partners had […]

Continue

Thursday ThrowBack

By Dan Primack — 12 years ago

The sun is shining, oil prices are sinking and Yankee fans get two weeks to gloat/celebrate before getting smacked in the playoffs (Me bitter? You bet). In other words, it’s time for some Thursday ThrowBack. First up is yesterday’s lament that former Gillette chief Jim Kilts got a plum private equity gig. Specifically, I oppose […]

Continue

Just Linking Around…

By Dan Primack — 12 years ago

Apologies for the light opining so far this week, but I’ve been consumed by news overload and meetings related to a new project I’m working on (details to come shortly). In the meantime, some quick content to fill your appetites… *** Clint Chao of Formative Ventures on his investment litmus test: Does he want to […]

Continue

More VC Steams Into PodShow

By Dan Primack — 12 years ago

I have been a skeptic of venture capital involvement with podcasting companies since day one, even if day one wasn’t all that long ago. I just struggle to see venture-type ROI for most of these deals, unless they can be flipped before Yahoo, Google, etc. put down their tall glasses of content Kool-Aid. This isn’t to say that the […]

Continue

Quiz Question & Answer

By Dan Primack — 12 years ago

QuizTime: Keeping with the niche fund theme… Can you name the bi-coastal VC firm that is planning a traditional energy fund (i.e., not cleantech). Hint: The firm’s name is an unintentional giveaway. Quiz Answer: Two weeks ago, I asked if you could name the corporate bigshot-turned-VC who is planning to launch a niche fund under […]

Continue

LP Meeting Tips

By Dan Primack — 12 years ago

I only attended a small part of yesterday’s Master Class on PE and VC Fund-Raising in New York, but I was there for a panel of placement agents and, of course, my keynote interview with Barry Gonder of Grove Street Advisors. A few, non-comprehensive takeaways for fund-raisers: If you’ve got a large firm, don’t bring […]

Continue

HCA Shareholders to (Finally) Vote

By Dan Primack — 12 years ago

HCA has set a shareholder meeting date for its proposed going-private buyout: November 16 at the company’s Nashville, Tenn. executive offices. The delay had led to some speculation of leverage troubles, but now it seems that history’s second-largest LBO is close to the finish line.

Continue

Banking Divergence

By Dan Primack — 12 years ago

Last month, BNP Paribas quietly spun out its last remaining private equity group. This one has renamed itself Shore Points Capital, and focuses on acquisitions of mid-market manufacturing, distribution and services companies. Many such spinouts result in the former parent bank taking a limited partner stake in the first independent fund, plus retaining its interest […]

Continue

Private Equity for the Masses

By Dan Primack — 12 years ago

This column has devoted significant space to the “publicization” of private equity, whereby Joe Investor gains direct access to an asset class that previously had treated him like a female applicant for membership at Augusta National. Examples  include business development companies (BDCs), special purpose acquisition vehicles (SPACs) and the listed Apollo and KKR funds in […]

Continue

Quiz Time

By Dan Primack — 12 years ago

One of the companies within the Red Rocks index is seriously considering a private LBO/hedge fund. Nothing is finalized yet, with a launch date more likely to occur in Q1 2007. Can you name it? Hint: It is not one of the firms that already has a private fund (i.e., not KKR, Apollo, etc.).

Continue

Just Linking Around

By Dan Primack — 12 years ago

The United Nations Conference on Trade and Development has issued its annual World Investment Report, which indicates that more than half of private equity fund capital is being used for foreign direct investment. In 2005, that meant more than $100 billion being disbursed outside of a firm’s headquartered country. You might not think this is […]

Continue

In Memoriam: Sam Blyakher & Bill Mercer

By Dan Primack — 12 years ago

It is my regrettable duty to inform you that we lost two venture capitalists last week in separate – albeit both tragic – incidents:   Sam Blyakher, a 33 year-old general partner with Accretive Technology Partners, and his wife Rebecca both died last Monday when their car was struck head-on by an SUV that had careened across […]

Continue

VenturePAC Stays Kinda Red

By Dan Primack — 12 years ago

The midterm elections are just three weeks away, with most polls indicating that the House will go Democratic and that the Senate is a toss-up. So I figured that this was a good time to check in on the check-writing activities of VenturePAC, the political action committee that is voluntarily funded by certain member firms […]

Continue

32,000 and Counting…

By Dan Primack — 12 years ago

Every time the PE Week Wire adds another thousand subscribers, I like to remind you that these morning missives are just appetizers on our editorial menu. Yes, it’s they are free appetizers (happy hour apps, if you will), but paid subscribers to Buyouts Magazine, Private Equity Week or Venture Capital Journal get market news and analysis that […]

Continue

Monday MouthOff

By Dan Primack — 12 years ago

The sun is shining, VC fundraising slowed in Q3 and the launch of “big new project” is just a couple of weeks away. In other words, it’s time for some Monday Mouth-Off… Most of last week’s email was about Sevin Rosen Funds, and its decision to postpone fundraising just days before a scheduled first close. […]

Continue

Just Linking Around

By Dan Primack — 12 years ago

I spent most of yesterday working on “big new project,” and this morning must do a bit of actual reporting (it seems I get paid to do so). So, in the meantime… Details remain sketchy on the apparent U.S. Department of Justice probe into possible collusion between private equity firms, with most journalists either rehashing […]

Continue

Random Ramblings

By Dan Primack — 12 years ago

The buyouts market is expected to record its third-straight year of record-breaking deal volume, according to Q3 numbers released this week by Buyouts Magazine. The first three quarters of 2006 saw U.S. firms participate in a total of 770 control-stake deals valued at $181 billion in disclosed value (including leverage), compared to $198 billion for […]

Continue

Sevin Rosen Revisited

By Dan Primack — 12 years ago

Last month, I spoke to a class of MBA candidates and fellows at MIT’s Sloan School of Management. The topic was the interaction between businesspeople (i.e., the future them) and business journalists (i.e., the present me). One point I emphasized was that they should always try to get out in front of a breaking story […]

Continue