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TPG Holds Numerous Honors, Including Biggest Fee-PayerIn addition to the TPG Capital’s recent crowning as the largest buyout firm of 2008 /37997/largest-doesnt-mean-best-tpg-named-largest-pe-firm/ the firm can now add “top fee-payer” to its trophy case as well. According to data from the investment bank Freeman & Co. and Thomson Reuters, TPG paid more fees to underwriters and financial advisors than any other buyout firm in the first quarter of 2009. The latest issue of Buyouts reports that the firm paid $35.9 million in fees in Q1; 80% of which went to syndicated loans and the rest to the debt capital markets. It’s a drop from a year prior, when TPG took home the top spot with $109.5 million in fee payments.
- Skype’s Been On the Block For Nine Months. That Means It’s Time to Leak
Two can play the game of press leaks. If you read between the lines of yesterday’s reports on eBay’s potential divestitures of Skype, it appears both sides of the deal might be using the media to influence pricing. Before I get into it, I want to mention that a private equity investor told me his firm first received the Skype pitch around nine months ago. The inquiry was led by Mark Dyne of Europlay Capital Advisors. You may remember that name from Skype’s initial sale to eBay—Dyne was a member of Skype’s board (he didn't return calls for comment). My source’s firm passed on the deal because Skype isn’t profitable, he said. The company’s profitability has been debated, but it had $550 million in revenues last year, according to its annual report. So, The New York Times broke the news http://www.nytimes.com/2009/04/11/technology/companies/11skype.html?_r=1&dbk reporting that Skype’s founders had been talking with private equity backers to help them buy the company back from eBay. The crucial pricing details are:
- peHUB Wire: Tuesday, April 14, 2009
Random Ramblings
- peHUB Wire: Tuesday, April 14, 2009
Random Ramblings
