Increasingly, startups are likely to take on courtroom battles--coming at a time when their big strategic counterparts are also spending big on their legal strategies. But can NPEs squeeze the life out of Silicon Valley?
6 min read · 17 September 2012
Australian surfwear company Rip Curl has received unsolicited approaches from several international companies wanting to invest in the privately held firm, in a deal that could fetch up to A$480 million ($506 million), writes Reuters. Rip Curl's larger rival Billabong International is currently fielding two private equity bids, according to Reuters.
2 min read · 17 September 2012
Defense equipment maker Chemring Group said US private equity firm Carlyle Group had been granted an extension to the "put up or shut up" deadline to make an offer for the British company, writes Reuters. The news sent Chemring's stock up 5 percent, indicating that investors were relieved the company was still in talks with the US investment firm.
3 min read · 17 September 2012
In a tragic turn, one private equity pro has apparently taken his life, according to Veritas Capital and the state of Connecticut.
2 min read · 14 September 2012
Welsh, Carson, Anderson & Stowe and Lindsay Goldberg are separately looking to sell payment processing companies in the wake of Merchant e-Solutions’ $670 million sale, sources told Reuters. TransFirst is being shopped on behalf of WCAS by investment bank Financial Technology Partners and First American Payment System (FAPS) is being sold by Lindsay Goldberg.
3 min read · 14 September 2012
A consortium of private equity firms including Bain Capital is considering a buyout of listed office supplies retailer Staples. Fortune reported Thursday that preliminary talks have been held on a deal but no announcement is forthcoming soon.
2 min read · 14 September 2012
Equity International chief executive Gary Garrabrant has left the US private equity firm for undisclosed reasons and company founder Sam Zell will act as the interim CEO, the Wall Street Journal reported, writes Reuters.
1 min read · 13 September 2012
E-commerce start-up Decide.com is launching a guarantee claiming it will help online shoppers beat online price swings, writes Reuters. Decide.com crunches data to tell shoppers the best products to buy and also when to buy them. Decide.com was co-founded by Internet search expert Oren Etzioni and backed by investors, including Starbucks' chairman Howard Schultz's Maveron, a venture capital firm, according to Reuters.
2 min read · 13 September 2012
Is Henry Kravis buying into the auction game? KKR is among a field of PE bidders looking to snap up KAR Auction.
1 min read · 12 September 2012
4 min read · 12 September 2012
