Private Equity
Jonathan Leff is leaving Warburg Pincus at the end of the year, two sources say. Leff, a Warburg MD, is joining Deerfield, the parent firm, as a partner and will be chairman of the Deerfield Institute effective Jan. 1, a person says.
2 min read · 02 December 2012
To end your week, we have news that President Obama wants to overhaul the tax code by Aug. 1, Airbnb hosts risk hefty fines and ten rules of behavior for bankers.
1 min read · 30 November 2012
In a surprise, the U.S. M&A market seems quite steady. There were 101 U.S. announced deals this week (Nov. 25 to Nov. 30), valued at $32.9 billion, according to data from Thomson Reuters. This compares to last year, when there were 82 U.S. announced mergers from Nov. 20 to Nov. 26 (the last full week of November), totaling about $24.5 billion.
2 min read · 30 November 2012
ClearLight Partners has raised $300 million with its third fund, according to founder and managing partner Michael Kaye and an SEC filing. Unlike other private equity firms that sometime spend more than a year finding investors, ClearLight didn't have as rigorous of a fundraising. The Newport Beach, Calif.-based PE firm has only one LP, Secom Co., of Tokyo.
2 min read · 30 November 2012
In Second Opinion, we have news that Andrew Mason is staying as Groupon's CEO for now, Apple will sell unlocked iPhone 5s today and Living Social cuts 400 jobs.
1 min read · 29 November 2012
Private equity-backed M&A may actually increase next month, some sources tell peHUB.
2 min read · 29 November 2012
Canyon Midstream Partners has received a $300 million capital commitment from Kayne Anderson Capital Advisors and company management. Houston-based Canyon plans to use the funds to develop, acquire and operate midstream energy assets and businesses.
3 min read · 28 November 2012
Baird Capital Partners has invested in PARTNERS+simons. Financial terms weren't announced. Tom Simons, founder of PARTNERS+simons, will remain chairman, while Tony Cotrupi will continue to serve as president and run day-to-day operations. Boston-based PARTNERS+simons is a communications company that specializes in the healthcare and financial services industries.
3 min read · 28 November 2012
To end your Wednesday, Nokia tries to block sale of RIM products, Microsoft launches Scroogles and NYC scores a peaceful Cyber Monday.
1 min read · 28 November 2012
Rugby Architectural Building Products, which is backed by Leading Ridge Capital Partners, has bought F.W. Honerkamp Co. Financial terms weren't announced. Bronx, N.Y.-based F.W. Honerkamp distributes architectural building products
3 min read · 28 November 2012
