peHUB Second Opinion 7.23

Buyout Firms Like Old Media? OpenGate Capital (you know, the firm that bought TV Guide without TVGuide.com) is participating in the auction for BusinessWeek (BusinessWeek)

Damage Control: Brynnwood Partners and portfolio company Stella D’Oro just wants to say that it is not the evil force behind the conflicts between Stella D’Oro and its union. (Businesswire)

FYI: The rotation and orbit of planet Earth is powered by the continuous pronouncement (by private equiteers) that private equity only invests in the best management teams. (Private Equiteer)

Studies: Europe doesn’t really have a “hotbed of innovation” like Silicon Valley. How is innovation connected to private equity ownership there? (Financierworldwide)

The Next Wave of IPOs in Live Sciences: There is a fundamental shift in licensing and transaction activity between earlier stage life sciences firms and strategic buyers, i.e., “Big Pharma.” (Mark-to-Market)

Yeah: GE did offer money to CIT. CIT did not want this money. (Bloomberg)

More Buyout Fraud: AA Capital Partners of Chicago has seen its investment manager, John A. Orecchio, charged with fraud. (Chicago Breaking News)