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- peHUB Wire: Thursday, July 15, 2010
Random Ramblings
- peHUB Wire: Thursday, July 15, 2010
Random Ramblings
- Outsourcers Keep Value In Downturn
Outsourcing remains a hot sector for private equity investments. On Tuesday, the Charterhouse Group and Thompson Street Capital Partners announced they have bought Colo4 LLC, an outsourced provider of colocation services to third parties. Companies outsource their computing infrastructure to Colo4 rather than build their own data centers. It's unclear what Colo4 sold for, but Charterhouse has invested in the sector before. In 2004, Charterhouse bought Lason inc., a provider of information management and business process outsourcing to customers in financial services, healthcare and government. Charterhouse sold it in 2007 for more than $120 million, or roughly 5x return on invested capital.
- Bain Capital Ventures Launches "Innovation Center" for Entrepreneurs
For a very long time, venture capitalists reveled in their exclusivity. They took meetings with those they knew, or those who came personally recommended. Then they went golfing, and let inexperienced entrepreneurs fend for themselves. Over the past year, however, the venture capital market has undergone something of an accessibility revolution. Office hours, institutional incubators, socially-networked superangels, no-cost elevator pitch events and more. The latest step in the right direction comes tomorrow morning, when Bain Capital Ventures launches an online "Innovation Center" for early-stage entrepreneurs.
- Pioneer Investments Auction On Hold Until September
UniCredit Group's possible sale of Pioneer Investments has been slowed by accounting issues, peHUB has learned. UniCredit, an Italian bank, originally announced in May that it had hired BoA to consider alternatives for Pioneer, including a possible sale. Conventional wisdom was that the process would commence almost immediately, but now we hear that blue books won't be printed until PwC completes an audit of Pioneer's financials. Specifically, sources say that UniCredit did not have broken-out financials for Pioneer's U.S. business. "The accounting firm needs to come in and restate [Pioneer’s] financials to reflect the true costs and profits (if any) of the European business," one person said.
- peHUB Wire: Friday, July 9, 2010
Random Ramblings
- peHUB Wire: Friday, July 9, 2010
Random Ramblings