Dan Primack
Fortune yesterday published its 2007 private equity outlook, and I’m already crowning it Most Influential Private Equity Article of the Year. No, not because of its actual analysis – which mostly comes courtesy of Carlyle’s David Rubenstein and Quadrangle’s Steve Rattner – but rather because it has introduced a clever new term to the financial […]
Venture capital commitments to healthcare companies rose for the fourth straight year, according to a new report out today from Healthcare Corporate Finance News. The final tally represented an 18% increase with $8.6 billion from 463 deals, with a median deal size of $12.5 million. Here’s the data: Healthcare.htm
I’ll be on CNBC’s Squawk Box tomorrow morning at 8am ET. Topics will include the GE Plastics transaction (see below), club deals in general and the possibility that Cerberus could top Blackstone’s bid for Equity Office. UPDATE: It got a little heated on the GE Plastics issue. See the video here
Goldman Sachs is not prohibiting club deals in the $10 billion auction for General Electric’s plastics unit. Moreover, it could care less about the sleepy Department of Justice “inquiry” into private equity collusion. Forgive my declaratives, but something needed to be said after the Wall Street Journal incorrectly published the following in yesterday’s edition (sorry for the delayed […]
Golden Gate Capital is running low on dry powder in its $1.8 billion second fund, and is hitting up LPs for a $600 million bridge vehicle (as first reported yesterday by LBO Wire). Why raise a small amount of interim capital instead of just raising Fund III? Because sources say that Golden Gate is going […]
Can you name the former Pacific Corporate Group pro who just agreed to join Altius Associates? And no, it’s not Mike Russell (we’re looking for an unannounced hire)? First person to email me with the correct answer gets to write a Vox Populi post here at peHUB. This can include anything from a market analysis […]
A new year often is accompanied by new private equity firms, and 2007 looks to be no different. One of the latest is PurePay, a Columbus, Ohio-based firm focused on the payment industry. It raised $100 million for its inaugural fund from a handful of regional commercial banks, which believe PurePay’s industry focus and “acquire […]
Now updated with ACG/Thomson press release and underlying data Last month, I asked PE Week Wire readers (become one here) to participate in the Bi-Annual ACG/Thomson DealMakers Survey. The official results come out tomorrow, but since everyone was so generous with their time, we got a sneak peak: Ninety-three percent of respondents (1,230 in all) believe that the current […]
This space reported last month that Terry Garnett was planning to move from Silicon Valley to London, while remaining a managing director with namesake firm Garnett & Helfrich Capital. The move caused a bit of stir among both existing and prospective limited partners (G&H is expected to raise its second fund this year), but most […]
Readers occasionally write in to accuse me of East Coast VC bias and, in particular, Boston bias. Specifically, they argue that I spend too much time focused on what’s happening in my backyard, while most of the most interesting/lucrative venture capital deals are happening about 3,000 miles to the West. And I plead no contest […]