Private Equity
Private equity funds considering exit alternatives for their portfolio companies may want to take a close look at the structure of 57th Street General Acquisition Corp., a new special purpose acquisition company that went public at the end of May. This new SPAC includes a number of changes to the traditional SPAC structure designed to address concerns expressed by potential sellers of companies or assets to SPACs. As a result, it may offer a desirable exit strategy for PE funds and other sellers.
4 min read · 08 June 2010
5 min read · 07 June 2010
3 min read · 03 June 2010
I swore I would go offline for much of Memorial Day Weekend. But I cheated and peeked at my email late Saturday afternoon and discovered an email from a friend saying, "I'm surprised to see you take such a public stance on the capital gains tax rates," with a link to a New York Times article on the topic. I read the article in The New York Times on the carried interest debate and was shocked to see my name and a reference to me that read: "As the Senate Democrats sent signs that they were open to a tax increase, investors and their lobbyists mobilized quickly, warning that the proposal could stifle investments that create jobs. A group of 80 venture capitalists traveled to Boston to urge Senator John Kerry and Representative Barney Frank, Democrats of Massachusetts, to exclude their business from the tax change, according to Jeffrey Bussgang, a partner at the Boston venture capital firm Flybridge Capital Partners." Um...here's the problem. I never spoke to the reporter, David Kocieniewski, who wrote the article (although I later found a voice mail from him). Other than the fact that my name and firm name are accurate, nothing else in that sentence is correct.
3 min read · 31 May 2010
5 min read · 27 May 2010
3 min read · 26 May 2010
3 min read · 24 May 2010
3 min read · 21 May 2010
4 min read · 19 May 2010
2 min read · 18 May 2010
