Dan Primack
A bunch of downloadable Q1 data from the fine folks at Thomson Financial (so fine, in fact, that they pay me every other week): Global M&A Review: M&A.pdf Debt Market Review: DebtMarkets.pdf Equity Market Review: EquityMarkets.pdf Syndicated Loan Review: SyndicatedLoans.pdf VC-Backed Exit Review: VC-Backed_Exits.pdf More data expected to come later today…
Word just came that KKR has agreed to acquire credit card processing company First Data Corp. (NYSE: FDC) for approximately $29 billion. It would be the fifth-largest leveraged buyout in history, supplanting Harrah’s. See press release here: FirstData.pdf Under terms of the agreement, First Data shareholders would receive $34 per share, which is around a […]
Just one game left, and our leader remains David McCoy, a principal with National City Equity Partners. David has 143 points, with Ohio State beating Florida in the finale. There are three players currently tied for second place with 140 points, but each of them also has Ohio State as national champs. So who […]
For those who suffer work withdrawal on the days of rest… * Fred Wilson on lessons learned from his investment in The Industry Standard… and on Pat McGovern’s claim that John Battelle refused to sell for $400m-$500m. * Huge kudos to Dealbreaker, for standing up to the arrogant asses at hedge fund Solengo Capital. Go to their site, […]
Calera Capital and TPG today completed their $630 million buyout of Direct General Corp., a Nashville, Tenn.-based provider of insurance products via a network of retail storefronts. As part of the deal, former Cendant executive Dan Tarantin will take over as Direct General’s new CEO. So we’ve got 5 Questions for Dan, including how he […]
Charles River Ventures has quietly closed its 12th fund with around $280 million, and hired Silicon Valley angel investor Sarr Gur as a principal. As peHUB reported earlier this month, CRV had planned to begin fundraising in Q3, but realized last October that it would be out of dry powder by mid-January. The bi-coastal firm […]
The last VC-backed IPOs of Q1 priced yesterday, when SenoRx raised a lackluster $44 million. Overall, 16 VC-backed companies priced on U.S. exchanges during Q1, for a total take of approximately $1.99 billion. This compares to $1.63 billion raised by 20 offerings during the preceding quarter, and just $540.82 million for 10 IPOs in Q1 […]
Organized labor is making itself heard in private equity quarters today. First, the United Auto Workers have rejected a new wage offer from Delphi Corp., General Motors and the private equity firms seeking to take Delphi out of bankruptcy. A UAW executive called the latest proposal “insulting,” and vows to strike if Delphi makes good on […]
Private equity’s siren song has captivated yet another senior financial executive. Asiff Hirji today announced that he has resigned as president of TD Ameritrade’s Client Group, in order to “relocate his family to San Francisco and return to the private equity industry.” Hirji’s destination is Texas Pacific Group, as first reported by Private Equity Insider and […]
Private equity has been the hot business story on Q1, with everything from Forbes cover stories to Newsweek columns to an upcoming feature on female PE pros in the inaugural issue of Conde Nast Portfolio. I’ve even covered it from time to time (i.e., Mondays through Fridays). But here’s a dirty little secret: Private equity […]