Warburg Pincus related stories
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peHUB Wire: Friday, July 9, 2010Random Ramblings
- peHUB Wire: Friday, July 9, 2010
Random Ramblings
- peHUB Second Opinion 7.8
Warburg Pincus takes a majority stake http://www.techflash.com/seattle/2010/07/seattles_a_place_for_mom_finds_a_home_with_warburg_pincus.html in the 10-year-old company A Place for Mom, an online resource and referral service for those seeking assisted living facilities. Hope you haven't been file-sharing lately. Security weaknesses in the hugely popular Web site thepiratebay.org have exposed the user names, e-mail and Internet addresses of more than 4 million Pirate Bay users http://krebsonsecurity.com/2010/07/pirate-bay-hack-exposes-user-booty/ All 10 Russian spies, including those with ties to the venture industry, pleaded guilty http://www.msnbc.msn.com/id/38122348/ns/us_news-security/ in a Manhattan courtroom early today. It's kind of hard to feel sorry for gazillionaire John Paulson, but if you're inclined, now's the time: he lost 6.9 percent of his hedge fund last month http://www.bloomberg.com/news/2010-07-08/paulson-said-to-lose-6-9-in-june-with-advantage-plus-fund.html Do readers prefer email newsletters to blogs http://gigaom.com/2010/07/07/is-it-time-to-stop-blogging-and-start-an-email-newsletter/ Want to learn 10 things you don't already know about Apple? Click here http://mashable.com/2010/07/08/10-apple-facts/ The Facebook contagion has gone worldwide http://www.nytimes.com/2010/07/08/technology/companies/08facebook.html?_r=1&hpw
- Healthcare PE Shops Find Fundraising Success
Fundraising may be hard right now, but a few PE firms in the healthcare space are experiencing success. Chicago-based Linden LLC, for example, recently closed its second fund with $375 million. The fund was oversubscribed and exceeded its $300 million target. Another area firm, RoundTable Healthcare Partners is raising up to $600 million for its third fund, and sources tell me that it should have little trouble hitting its numbers. Linden's and RoundTable's experiences come as global fundraising in second quarter dropped to its lowest point in second quarter since 2003. RoundTable has had four exits from its first fund, each of which generated a return of 5x the cash invested or greater, peHUB has learned. This includes December's sale of Ascent, which the firm says generated an 8.3x return upon its sale to Stryker Corp.
- New Q2 Data: Highest LBO Volume Since 2008
Buyout deal volume just concluded its strongest quarter in two years, according to data released today by market research firm Preqin. Globally, Preqin reports 411 private equity-backed transactions in second quarter, raising $43.3 billion. This is up from the same period in 2009 when 295 deals were valued at $14.6 billion. The totals are also the best for buyouts since third quarter 2008 when 483 deals raised $45.1 billion. North America produced much of the deal value. There were 175 deals in North America, valued at $26.7 billion. By comparison, Europe had 169 deals in second quarter, raising a total of $11 billion. Asia, and the rest of the world, produced 67 deals, valued at $5.6 billion.
- If At Once You Don't Succeed... PE Firms Look Anew at Fidelity National
A second run at buying Fidelity National Information Services will likely face the same problems that doomed the first one. TPG Capital is trying to revive its $15 billion offer for the payment processing giant, the New York Post is reporting http://www.nypost.com/p/news/business/pe_deal_revived_sw5JqlYDiotJQ2xMI5uqAJ The deal originally went south after Fidelity National had the audacity to seek a higher offer (peHUB has learned that it was TPG partner Blackstone who initially walked away).
- peHUB Wire: Monday, June 21, 2010
59,000 and Counting...
- peHUB Wire: Monday, June 21, 2010
59,000 and Counting...