Bain Capital related stories
All articles and analysis
peHUB Wire: Friday, September 11, 2009The High Bid That Wasn't
- peHUB Wire: Tuesday, September 8, 2009
Random Ramblings
- peHUB Wire: Tuesday, September 8, 2009
Random Ramblings
- peHUB Second Opinion 9.3
KKR Turns Vulture Investor: LBO Kings are turning to bankruptcy courts to make acquisitions. (Bloomberg http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZaXc0DeZAFU ) Flunkin' Donuts: "Dunkin' runs on lawsuits." The pastry chain owned by Bain Capital, Carlyle Group and THL Partners is treating its franchise owners badly, the New York Post reports http://www.nypost.com/seven/09032009/business/flunkin_donuts_187818.htm IPO TIME! Everyone celebrate. But wait. There is such a thing as IPOs increasing to a level that is too high, reports the Wall Street Journal. (WSJ http://online.wsj.com/article/SB125194080220881893.html sub. req.) Nice Guys Finish First: Finally, a whistleblower has been rewarded with a commensurate reward for his risk. Dealzone writes that it feels good to applaud the $51.5 million windfall John Kopchinski is getting f http://www.reuters.com/article/topNews/idUSTRE5816QQ20090903 or his six-year legal battle with Pfizer, the world's biggest pharmaceutical company, which resulted in a record $2.3 billion penalty for drug pushing transgressions. (Dealzone http://blogs.reuters.com/reuters-dealzone/2009/09/03/rewarding-corporate-excellence/ ) Hiring? Why not trialing? Private Equiteer asks, if you wouldn't marry someone you only met for a few hours, why would you agree to hire someone before a trial? (Private Equiteer http://www.theprivateequiteer.com/sure-lets-get-married-weve-known-each-other-for-at-least-60-minutes/ )
- peHUB First Read
* Cash4Gold is suing an ex-employee http://consumerist.com/5349663/the-article-cash4gold-doesnt-want-you-to-read who earlier this year revealed some alleged improprieties on a website called ComplaintsBoard. Now, the VC-backed pawn shop has expanded its lawsuit to include both ComplaintsBoard and a website called Consumerist, which picked up the original post. In a bit of irony, Consumerist's post about the lawsuit is currently the #2 story on Digg, which sits alongside Cash4Gold in the Highland Capital Partners portfolio... * Has Utah created a smarter work week? http://knowledgetoday.wharton.upenn.edu/2009/09/a-smarter-work-week.html * The New Establishment 100 http://www.vanityfair.com/business/features/2009/10/new-establishment200910 : Mike Moritz is on, Henry Kravis and Steve Schwarzman fall off. * Morning Call: U.S. futures point lower http://www.reuters.com/article/usMktRpt/idUSL246170820090902 London falls early http://www.reuters.com/article/londonMktRpt/idUSL260774020090902 European shares keep dropping http://www.reuters.com/article/eurMktRpt/idUSL251696120090902 the Nikkei closes down 2.4% http://www.reuters.com/article/tokyoMktRpt/idUST37092020090902 and Chinese shares extend gains http://www.reuters.com/article/hongkongMktRpt/idUSHKG17005920090902 * Steve Syre on EMC co-founder Richard Egan http://www.boston.com/business/technology/articles/2009/09/01/emcs_egan_had_some_very_strong_selling_points/ who died last Friday. * A premature list of the year's best business books http://paul.kedrosky.com/archives/2009/09/business_book_o.html * Maria Bartiromo doesn't quite seem to understand Medicare http://www.huffingtonpost.com/2009/09/01/maria-bartiromo-presses-4_n_274024.html * Jeremy Liew of Lightspeed Venture Partners: More pressure to limit behavioral targeting threatens startup media companies http://lsvp.wordpress.com/2009/09/01/more-pressure-to-limit-behavioral-targeting-threatens-startup-media-companies/
- Hype Springs Eternal: PE-Backed IPOs Are Not Always Happy Events
The excitement surrounding buyout-backed IPOs is heartening at best and over-hyped at worst. Even though companies have steadily filed for IPOs for the past ten weeks (the longest streak in over a year), some industry professionals believe the market recovery won’t heal most private equity wounds. “The idea that going public is a panacea for private equity guys is not really true,” said Dan O’ Donnell, the private equity chair at law firm Dechert LLP. Even with a successful portfolio company IPO, a buyout firm faces the same issues it did before, including frustrated limited partners, he said. That’s because an IPO does not translate directly to cash in the LP’s pocket, like a sale to a strategic buyer would. “Absent a dividend recap, it’s unlikely that the sponsor will be able to do a direct cashout,” O’Donnell said. The private equity firm is typically left with a large, somewhat illiquid position that it will gradually exit over time.
- peHUB Wire: Tuesday, September 1, 2009
Random Ramblings
- peHUB Wire: Tuesday, September 1, 2009
Random Ramblings