VC-backed HYLA appoints Nair as president and CEO

Texas-based HYLA Inc, a provider of mobile device trade-in and reuse solutions, has named Biju Nair as president and CEO. Previously, Nair worked at Synchronoss Technologies, Inc where he served as executive vice president and chief corporate strategy officer. Nair’s appointment as president of HYLA was made earlier this year. HYLA’s backers include Kleiner Perkins Caufield & Byers, Silver Lake and OpenAir Equity Partners.

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peHUB First Read

First Read helps you through the post-holiday hangover with news tech purchases on Black Friday shoot up despite declining retail sales, the Supreme Court will consider Facebook threats case and Twitter plans to peek at your apps to serve you targeted ads.

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Silver Lake explores sale of IPC Systems: Reuters

Private equity firm Silver Lake Partners LP is looking to sell IPC Systems Inc, a provider of communication systems for Wall Street traders, to exit one of its longest-held investments, according to people familiar with the matter.

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Carlyle LPs to share in collusion suit settlement costs: Buyouts

The Carlyle Group’s $115 million settlement of a lawsuit that alleged it colluded with other buyout shops to depress deal prices will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm.

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peHUB First Read

Catch up on the latest after the weekend including an insight into banks and their private equity businesses, Blackstone turning its back on Russia and who is Pennsylvania PSERS’ top buyout performer.

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peHUB Second Opinion

In Second Opinion, Silver Lake stands to make 5x its money with the Alibaba IPO, Rob Ford has been diagnosed with a rare type of cancer and NFL Commissioner Roger Goodell says the NFL will overhaul how it deals with player behavior.

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