JMI Equity related stories
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peHUB Wire: Tuesday, June 29, 2010Random Ramblings
- peHUB Wire: Friday, June 11, 2010
Random Ramblings
- peHUB Wire: Friday, June 11, 2010
Random Ramblings
- Chrysalis Ventures Staffs Up
Chrysalis Ventures has added five new staffers: Alan Ying as a ventire partner, Jill Force as chief operating officer, Derek Fricke as an analyst, Doug Cobb as an entrepreneur-in-residence and Greg Foster as an entrepreneur-in-residence. The first four will be based in the firm's Louisville office, while Foster will work out of Atlanta.
- JMI Equity to seek $800M for 7th fund
Tech-focused buyout firm previously raised $600M two years ago
- Exit watch, week of March 22, 2010
Briefs about Neterion, Nimsoft and other investment-backed companies bought in the past week
- Exit watch, week of March 15, 2010
Briefs about Teknovus, DocVerse, LET Systems and other investment-backed companies bought in the past week
- PE Debt Watch (Upgrades & Downgrades)
As usual, we have a week’s worth of ratings actions on the debt of LBO-backed companies from ratings agencies Moody’s Investors Service. This week Moody’s has some distaste for the Intergraph dividend recap, downgrading the company’s corporate family rating and calling the payment, which increases the company’s leverage by one and a half turns, “aggressive.” Company: HCA Inc. Sponsor: Bain Capital, KKR. Action: Moody's Investors Service assigned a Ba3 rating to the company’s proposed offering of $1.0 billion of first lien senior secured notes due 2020. Moody's also affirmed the existing ratings of HCA, including the B2 corporate family and probability of default ratings. Highlight: "Much like the secured note offerings completed in 2009, the current transaction continues to chip away at the considerable amount of bank debt scheduled to mature in the 2012 and 2013 time frame," said Dean Diaz, Vice President -- Senior Credit Officer at Moody's.