Elevation Partners related stories
All articles and analysis
peHUB RewindHere's a look at the last week's worth of scoops, data, and analysis from the peHUB team. Catch up on what you missed before it goes behind our paywall... Apollo Amends IPO Filing, Discloses New Performance Figures http://feedproxy.google.com/%7Er/pehub/blog/%7E3/QeLa2AIoO6c/ Weekly Downgrade Wrap-U http://feedproxy.google.com/%7Er/pehub/blog/%7E3/L30S7wkbF_o/ Companies Led By Women Are Greener http://feedproxy.google.com/%7Er/pehub/blog/%7E3/LNsgCn1l8NU/ From the Filings: VC Deal Scoop http://feedproxy.google.com/%7Er/pehub/blog/%7E3/bN9jy154H9U/ As India Rises, Silicon Valley Falls Behind http://feedproxy.google.com/%7Er/pehub/blog/%7E3/aoD02yQCq8s/ HBS Biz Plan Winner Gets Venture Capital Funding http://feedproxy.google.com/%7Er/pehub/blog/%7E3/sY4SdEI2tUI/ Triton Partners Raises $472 Million http://feedproxy.google.com/%7Er/pehub/blog/%7E3/4YzlNsTgmRI/ Another Ad Acquisition For Google http://feedproxy.google.com/%7Er/pehub/blog/%7E3/Xm0lxzHOg4o/ Third Quarter Deals Had Lowest Deal Multiples in Six Years http://feedproxy.google.com/%7Er/pehub/blog/%7E3/h3K6au7KN98/ Surprised, BookRenter.com Rushes Out Funding News http://feedproxy.google.com/%7Er/pehub/blog/%7E3/-7fepHHRUNU/ Reid Hoffman to Speak at TEDx Silicon Valley http://feedproxy.google.com/%7Er/pehub/blog/%7E3/JZOv1vOqh4k/ New Jersey's Investment Freeze is Frozen (For Now) http://feedproxy.google.com/%7Er/pehub/blog/%7E3/Uwe3gQ2Wfyk/ Are "Commoners" Overvaluing Twitter and Facebook? http://feedproxy.google.com/%7Er/pehub/blog/%7E3/ZhZU_C9hFwg/ Investors Dig Into Hot Potato http://feedproxy.google.com/%7Er/pehub/blog/%7E3/lt1NjFe8_hk/ While Others Freeze, Marlin Equity's Fund Is On Fire http://feedproxy.google.com/%7Er/pehub/blog/%7E3/smSBY_ekORg/
- peHUB Wire: Wednesday, November 25, 2009
Fraud Beneath The Canopy
- peHUB Wire: Wednesday, November 25, 2009
Fraud Beneath The Canopy
- Q&A with Rajiv Dutta, Elevation Partners
Former eBay executive Rajiv Dutta today announced that he is joining media/consumer-focused private equity firm Elevation Partners. Dutta's most recent roles with eBay were as executive vice president and president of eBay Marketplaces, but he previously served as CFO and president of both PayPal and Skype. He also sits on the board of Elevation investment Palm. Expect Dutta to help Elevation raise a second fund sometimes next year... Q. Why join a private equity firm? Dutta: I had been at eBay for a really long time, and had run every operatating division of the company. They were great and wonderful businesses and fulfilling jobs. But as I thought about what I wanted to do next, I felt like I had checked those boxes. I've been part of a startup. I've been part of a rising star. I've been part of a European business. So I wanted to find something different that could still match what I'd been doing in terms of intellectual diversity, in terms of fun and in terms of great people. I spent the better part of a year trying to figure it out. I've known [Elevation partner] Fred Anderson for a long time, and have gotten to know the others. They have a view of private equity that is very different of what I'd considered private equity to be. They have an operational perspective that plays right into what I've been doing all my professional life.
- eBay Vet Joins Elevation Partners
Rajiv Dutta has joined Elevation Partners as a managing director. He previously was executive vice president of eBay and president of eBay Marketplaces. Elevation Partners recently made a bid to carve Skype out of eBay, but lost to a group led by Silver Lake Partners.
- Deal chatter engulfs Palm, but price tag deemed too high
The maker of the Pre considered too expensive by analysts right now
- Weekly Downgrade Wrap-Up
As usual, we have a week’s worth of ratings actions on the debt of sponsor-backed companies via Standard & Poor’s Investors Service and Moody’s Investor Services. Last week was Carlyle Week /50452/weekly-downgrade-wrap-up-16/ with three of the firm’s companies receiving downgrades on their debt ratings. This week it’s Castle Harlan week. Two of the firm’s companies caught the attention of the ratings agencies this week, receiving one downgrade and one upgrade. We’ll call it a break-even. Perkins & Marie Callender's, the company’s struggling restaurant business, saw the ratings on its speculative grade debt downgraded on concerns over the company’s cash flow and borrowing ability. Conversely, Ames True Temper climbed its’s way out of the C’s when S&P upgraded its corporate credit rating to B- on its stable operating performance through the recession. The timing is perfect, considering Castle Harlan's John Castle recently addressed the New York Chamber of Commerce about "Private equity after the world's economic meltdown." We've published the full text of his speech here. /50857/private-equity-after-the-worlds-economic-meltdown/
- Deal Chatter Engulfs Palm, But Price Is High
NEW YORK (Reuters) - Ever since it launched the Pre, smartphone maker Palm Inc (PALM.O http://www.reuters.com/finance/stocks/overview?symbol=PALM.O ) has been quite the belle of the ball, if deal chatter is any indication. Technology companies Dell Inc (DELL.O http://www.reuters.com/finance/stocks/overview?symbol=DELL.O ) and Microsoft Corp (MSFT.O http://www.reuters.com/finance/stocks/overview?symbol=MSFT.O ) and handset manufactures Nokia (NOK1V.HE http://www.reuters.com/finance/stocks/overview?symbol=NOK1V.HE ) and Motorola (MOT.N http://www.reuters.com/finance/stocks/overview?symbol=MOT.N ) have all been named as potential suitors. Driving the deal speculation is the promise of Palm's new Pre phone and tricked-out software, which impressed industry analysts when it launched in January. Bankers and analysts say Palm could catch the fancy of any company that wants to bolster its mobile presence and provide a challenge
- peHUB First Read
* We're starting to get a clearer understanding of how the Skype deal got so messy. BusinessWeek reports http://www.businessweek.com/technology/content/sep2009/tc20090922_814301.htm that company founders Niklas Zennström and Janus Friis were part of a rival bid (backed by Elevation Partners), to the eventual winning offer by Silver Lake Partners, et all. The founders and Elevation valued Skype around $650 million lower than did Silver Lake. * Lee Hower: Are VCs enablers, value adders or scourges of the earth? http://www.leehower.com/2009/09/vcs-enablers-value-adders-scourge-of.html * Dunkin' Donuts is being accused by franchisees of a campaign to fine or purge shop owners http://www.boston.com/business/articles/2009/09/23/franchisees_say_dunkins_brewing_trouble/ The PE-backed company, of course, denies such allegations. * Morning Call: U.S. futures look flat http://www.reuters.com/article/usMktRpt/idUSLN47601020090923 London rises early http://www.reuters.com/article/londonMktRpt/idUSLN46628920090923 European shares rise on banks and miners http://www.reuters.com/article/eurMktRpt/idUSLN48592120090923 the Nikkei keeps slipping http://www.reuters.com/article/tokyoMktRpt/idUST11801820090918 and Hong Kong closes lower http://www.reuters.com/article/hongkongMktRpt/idUSHKF08042920090923 * Why does the SEC prosecute companies instead of people? http://www.thebigmoney.com/articles/explainer/2009/09/22/ghosts-market-machine * When your venture guy says goodbye http://www.businessweek.com/magazine/content/09_39/b4148064525454.htm?campaign_id=rss_smlbz * An ex-Moody's analyst is headed to Congress http://online.wsj.com/article/SB125366267173132295.html to testify that inflated credit ratings are not a thing of the past.
- Standish Management Opens Boston Office, Hires Susan Gillick
Susan Gillick has joined Standish Management, a provider of outsourced accounting infrastructure to VC and PE firms, as head of the firm's new Boston office. She previously was controller with Elevation Partners and, before that, was with Fox Paine & Co.