Private Equity
1 min read · 01 April 2010
Squeezing Out Value in Any Way They Can: What happens when companies that earned their PE backers dividend recaps end up in bankruptcy? The creditors are suing. (WSJ) The case of SemGroup and Carlyle/Riverstone is one notable example. (WSJ) Dubai World: Bankers met today to begin sorting out the conglomerate's debt. (Reuters) Sharia Compliant PE: Glacial movement in the private equity (PE) sphere of Islamic finance could finally be showing signs of a thaw. (Westlaw) Consolidation Time for Mobile Operators: The biggest threat to mobile-service providers isn't the Internet, but overcapacity and low-margin customers. (BusinessWeek) Who Knew: Wal-Mart earned more than half of its income on grocery sales last year. (WSJ)
1 min read · 31 March 2010
Russell Reynolds Associates, an executive search and assessment firm, released a new report on the state of the PE industry and its leadership. The report looks at what PE Investors are saying about their portfolio companies and implications for leadership and talent management. Download it below.
1 min read · 31 March 2010
In the latest issue of Capital Dynamics' quarterly newsletter, Spencer Punter, Director of Investment Management, analyzes the performance of the U.S. venture capital market and discusses recent developments in three key growth areas: cleantech, healthcare, and social media. Noting that returns in the U.S. venture capital sector have consistently outperformed major domestic return indices over several investment horizons since 1981 (according to Cambridge Associates U.S. Venture Capital Index), Spencer describes why this sector continues to offer attractive investment opportunities in a turbulent global economy. Download it below.
1 min read · 31 March 2010
4 min read · 31 March 2010
Good News For MBAs: Wall Street is hiring again. (BusinessWeek) All The Bankers in China: They've got one thing in common--they're all from Goldman Sachs. (WSJ) ILPA Powwow Update: It was "productive." High profile super secret meetings usually are... (PE Manager) Gossip: How did Kendrick Wilson III "Soothe" Steve Schwarzman's "Bruised Feelings"? (Dealbreaker)
1 min read · 31 March 2010
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. Bemis Co. Inc., a Wisconsin-based packaging company, was seeking buyer for its certain Alcan Packaging Food Americas assets. Tollgrade Communications, a publicly traded Pittsburgh, Penn.-based network technologies company, appointed Edward H. Kennedy as Chairman of its board. Kennedy and the company's CEO Joe Ferrara will evaluate strategic alternatives for the company. (Yahoo Finance)
2 min read · 30 March 2010
1 min read · 30 March 2010
ILPA SHOWDOWN OF DEATH: Check out the guest list at this special meeting of the Buyout Baron Gods to throw down on terms with investors. It took place today at an unnamed New York hotel. Everyone from Glenn Hutchins to David Rubenstein to Jim Coulter was there. It's like a meeting of the five (three?) fathers (Come on, you know they do that secret society crap.) Even the Journal is calling them "The Big Guns." And on the investor side we have Joe Dear, John Breen, and Ahmed Gubash. (WSJ) Total Domination: Wall Street is taking over the world. First Carl Jr.'s, now, American Idol may now be controlled by JPMorgan's private equity arm. (DealBook)(Dealbreaker, of course, has thoughts on this.) Further Proof: Here's what else is in American Idol's parent company's stable. (Times Online) Too Big To Not Fail? Paulson's fund is out of control big. (BusinessWeek) Against Conventional Wisdom: When should a VC-backed company shop a term sheet? (Dividends and Preferences) Tom Geithner: "Just one of the girls." (Dealbreaker)
1 min read · 29 March 2010
1 min read · 29 March 2010
