Highland Capital Partners related stories
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Predictive Biosciences Raises $21.75 MillionPredictive Biosciences, a Lexington, Mass.-based developer of intervention diagnostic assays for cancer management, has raised $21.75 million in Series B funding. New Enterprise Associates led the round, and was joined by Kaiser Permanente Ventures and return backers Flybridge Capital Partners and Highland Capital Partners. The company had previously raised a $10 million Series A round.
- PE Week Wire: Thursday, October 16, 2008
Random Ramblings
- PE Week Wire: Thursday, October 16, 2008
Random Ramblings
- Deal spotlight: Why did Highland take part in Harrah's buyout?
Highland’s investment in Harrah’s offers no clear strategy, or at least one that would justify investment by a venture capital firm
- PE Week Wire: Friday, October 10, 2008
46,000 and Counting…
- PE Week Wire: Friday, October 10, 2008
46,000 and Counting…
- More VC Strangeness?
Earlier today, I reported that Highland Capital Partners had quietly invested $20 million /19839/senseless-highland-part-of-harrahs-buyout/ into the $17.1 billion leveraged buyout of Harrah's Entertainment. My thesis was that this was a very strange commitment for an early/growth-stage venture capital firm like Highland, and that none of the available explanations seemed to hold justifiable water. Highland still hasn't called in to give its side, but a bunch of you have emailed to remind me that Battery Ventures participated on the $17.6 billion buyout of Freescale Semiconductor. Battery also got involved in the $4.3 billion buyout of travel reservations company Sabre Holdings. And then there was Spark Capital partnering with hedge fund Jana Partners on a bid for CNET (Velocity Interactive Group also participated, but not
- StrangeLand: Highland Part of Harrah's Buyout
Last month, I wrote that TPG Capital’s $1.35 billion infusion into Washington Mutual was the worst private equity deal in history. Keeping with the theme of sweeping characterizations, TPG also seems to have been involved with the strangest venture capital deal in history. But TPG wasn’t actually the odd actor this time around. That dishonor goes to Highland Capital Partners. I hate to kick a firm after it plied me with liquor and Wolfgang Puck food /19413/great-party-troubled-market/ but this is so bizarre as to give me no other choice... Lexington, Mass.-based Highland earlier this year invested $20 million as part of TPG Capital and Apollo Management’s $17.1 billion buyout of Harrah’s Entertainment Inc. Let that sink in for a moment. An early-stage and growth-stage VC firm participated in a massive take-private acquisition in exchange for much less than a 1% equity stake. The $20 million check is virtually insignificant to mega-LBO firms like TPG and Apollo, but represented more than 2% of Highland’s current
- PE Week Wire: Wednesday, October 8, 2008
Random Ramblings
- PE Week Wire: Wednesday, October 8, 2008
Random Ramblings