Dan Primack
Like Kentucky Fried Chicken before it, Texas Pacific Group has officially dropped its regional moniker in favor of an acronym. The firm will heretofore be known simply as TPG, which is what lots of folks referred to it as anyway (at least in second references). The move does not have any operational impact, as TPG […]
The rain is pounding, the public markets are slumping (to be kind) and we’re just two weeks away from our annual March Madness competition. In other words, it’s time for Friday Feedback. First up are some responses to Tuesday’s column, which discussed the copyright infringement lawsuit filed by Sequoia Capital against ComVentures. Fred writes: “Methinks […]
Clear Channel Communications owns an enormous number of radio stations and billboards, but apparently believes that U.S. Postal is the best way to amplify its pro-buyout message. The company today is sending out a letter urging shareholders to vote in favor of a $19 billion offer from Bain Capital and Thomas H. Lee Partners, despite some […]
Venrock Associates today announced that it has added Silicon Valley consultant and author Rich Moran as a new partner, with a focus on digital media and software. But Venrock is not done with March press releases. Expect the bi-coastal venture firm to soon announce the final closing of its fifth fund at or around $550 […]
Update: A memorial service for Todd will be held at 10:00 am. on Wednesday, February 28th, at St. Matthew’s Episcopal Church in San Mateo. Venture capitalist Todd Brooks has died from an apparent suicide attempt. He was 46 years old, and leaves behind wife Marilee and three young children. An online forum has been set […]
Carlyle Group co-founder David Rubenstein said today at the Super Returns conference in Frankfurt that he does not expect a buyouts market crash, but also that the mega-market “can’t continue like this forever.” Below is his PowerPoint presentation from the event.
The Buyouts Deal of the Year Awards are usually decided by a bunch of us editorial types locked into a tiny room for several hours — deprived of oxygen and, consequently, common sense. But that time has passed, as we’re opening the voting up to the masses (i.e., you)! Go here to vote on Mega Deal of the […]
Last month, I reported that middle-market buyout firm Trimaran Capital Partners had canceled fundraising and suffered the departures of four professionals to Columbus Nova. Two days later, this ran in a Friday Feedback column: Justin on Trimaran: “One of your competitors reported that Trimaran will be back in the fundraising market later this year. Who’s […]
Charles River Ventures recently held a $186 million first close on its 13th fund, with a final close on just over $275 million scheduled for early March. And it’s a good thing too, because it would have run out of money otherwise. CRV raised $250 million for its 12th fund in December 2003, but didn’t […]
A number of you have been wondering about the timing of last week’s Pacific Corporate Group announcements. First came a press release detailing how the firm had split itself into two separate legal entities, along with glowing praise from CalPERS executives. Next came a press release about how CalPERS had awarded PCG two $400 million […]