Dan Primack
The 4th Annual Internship Rodeo has begun, for first-year MBA candidates in search of summer internships in the private equity market. Thirty-nine firms are participating this year, including shops that focus on venture capital, growth equity, leveraged buyouts, funds-of-funds, real estate, investment banking, M&A and secondary transactions. The listings can be found in the MBA […]
Bloomberg today reports that buyout firms are forming a lobbying group to fend off increased regulation. Kind of like an LBO version of the National Venture Capital Association. If this sounds kinda familiar, don’t be afraid. You probably just read about it back in July, when I wrote that it was being formed by Carlyle Group, Blackstone […]
Lots of talk about the new CNBC.com website today, where you can watch streaming video, access archived video, etc. And, if you act now, you can watch me discuss PE interest in casinos and other recreational plays. Or, you could just turn on your TV at around 4:30pm, on Closing Bell…
Scott Schoen of Thomas H. Lee Partners gave an interesting keynote speech at the Yale SOM Private Equity Conference last Friday. His general theme was that bigger buyouts are better buyouts, in part because larger deals finance better than do smaller ones. Some quick notes: * Schoen acknowledged that the biggest threat to mega-LBOs would […]
I had my say on newspaper buyouts this morning, so now it’s time to play 5 Questions with an expert. Ken Doctor is an affiliate analyst with Outsell Inc., a market research firm focused on the information industry. He leads Outsell’s analysis and research of news publishing, focusing on both legacy print news publishers creating […]
I was on CNBC earlier this morning to discuss possible buyouts of newspaper companies. For the uninitiated, both Tribune Co. and Trinity Mirror are on the block, while various folks have expressed interest in buying the New York Times and/or its Boston Globe subsidiary. My basic point was that these are basically vanity plays – […]
Both Yale and MIT are holding their annual PE/VC conferences later this week – Yale on Friday, MIT on Saturday – and it’s certain that both will be crawling with MBA candidates in search of future work. To those planning to graduate this spring, I wish you the best of luck. For you first-year folks, […]
It seems that ludicrous/lucrative transaction and management fees aren’t all that HCA disclosed in the 8-K form it filed last Friday with the SEC. Check out this passage that reader Zach noticed on page 12 (the bolding is mine): “In each of the employment agreements with the Executives (exclusive of Robert A. Waterman), the Company also commits to […]
Roark Capital Group of Atlanta recently acquired Schlotzsky’s Inc., an Austin, Texas-based sandwich shop chain with around $210 million in annual revenue. The deal was officially made by Roark-controlled Focus Brands, and is just the latest in a long line of restaurant industry deals this year. So let’s play Five Questions with Neal Aronson, managing […]
In 2001, the Boston Red Sox hiked ticket prices just 24 hours after the New England Patriots had won their first Super Bowl. It was an egregious increase, but no one noticed. People also don’t notice much on the day after Thanksgiving, because they either are suffering tryptophan hangovers or are in pre-stampede mode at […]