Dan Primack
BA Venture Partners and Richland Ventures are selling their stakes in U.S. HealthWorks, an operator of outpatient occupational health and urgent care centers, to AIG Altaris Health Partners and Dynamic Healthcare Solutions. What makes the deal a bit unusual, however, is that fellow VC shareholders Three Arch Partners and Salix Ventures are sticking around. So […]
Remember that giant raid on illegal immigrants last week? Well it has indirectly swept up HM Capital, the Dallas-based private equity firm formerly known as Hicks, Muse, Tate & Furst (only Muse remains). For the uninitiated, federal immigration agents conducted a six-state, simultaneous raid on Swift & Co. meat and pork processing and packaging plants. […]
Circuit City is a “potential” leveraged buyout target, according to a new Bear Stearns research report out today. The analysis comes after the electronics retailer posted a surprise Q3 loss, was picked up by Dealbook and has helped send the stock… PLEASE, MAKE IT STOP! I know that both the analyst and the NYT blogger were […]
Elliot Katzman has joined Commonwealth Capital Ventures as a general partner, just as the firm is nearing a final close for its fourth fund. Katzman is a staple of the Boston-area venture scene, having founded VC-backed MyTeam.com before joining Kodiak Venture Partners as a general partner in 2002. His focus at Kodiak has mostly been […]
Just some assorted files sitting on my desktop… Law firm Weil Gotshal & Manges issues a monthly private equity report, and the new one discusses: (1) The proposed Fortress Investment Group IPO; (2) What sponsors should be aware of when negotiating “go shop” provisions and; (3) Some recent warning shots fired by Delaware judges at management teams […]
The 2006 IPO market has already surpassed 2005 in terms of both volume and dollars raised, and the VC-backed IPO market is almost there as well. This isn’t to say that the public exit window is wide open, but you can certainly feel the draft of an upswing that is projected to last well into […]
John Lehman is chairman and a founding partner of J.F. Lehman & Co., a mid-market private equity firm focused on the aerospace, defense and maritime industries. He also is the former Secretary of the U.S. Navy, and recently completed service as a member of the National Commission on Terrorist Attacks Upon the United States (a.k.a. […]
On Wednesday, I disputed BusinessWeek’s assertion that Blackstone/KKR/Providence/Hicks Holdings had “walked away from a bidding war” over Clear Channel Communications. The BusinessWeek claim originated from an interview with Tom Hicks, so I concluded by writing the following: — I do not know why Hicks said what he said about walking away from the table, but yesterday put […]
Diamond Castle Holdings today announced that it has closed its inaugural fund with $1.825 billion in capital commitments. The New York-based firm was founded in late 2004 by former CSFB/DLJ Merchant Banking pros, including group head Larry Schloss. Larry now serves as chairman and CEO of Diamond Castle, and this morning answered 5 Questions for peHUB.com: […]
Thumb thumpers of the world rejoice! Major League Gaming just scored $25 million in VC funding from Oak Investment Partners. MLG is exactly what it sounds like: An organized league and sanctioning body for professional gamers. It even has nationally-televised “circuit” events, and held a $100,000 championship last month in Las Vegas. Sound ridiculous? Yup. Sound […]