Jonathan Marino
Investment fund Lightbank, which was started by Groupon co-founders Eric Lefkofsky and Brad Keywell, will bring Bill Pescatello on board as a principal, the firm announced. Pescatello has worked with NBCUniversal and was founding member of Peacock Equity Fund, NBCU’s VC arm.
Justice Has Been Done: Osama Bin Laden is killed by U.S. forces Money Has Been Made: Facebook’s growth still outpacing expectations Will Greece Still Default? The Greek government needs to extend its bailout repayment Bidding: Teva tops Valeant’s Cephalon bid
Private equity firms have been increasingly interested in healthcare transactions since sweeping legislation passed by the Obama Administration was enacted to incorporate more Americans into the U.S. healthcare system. However, this time, it was federal regulators that seem to have acted as a catalyst to undo a deal. After the Justice Department detailed antitrust concerns, Kronos, backed by Hellman & Friedman and JMI Equity, the company backed off its agreement to acquire API Healthcare from Francisco Partners.
Stocks: Shares still pointing up on encouraging earnings results These Your LPs? Then probably expect them to start clamoring for returns. Now. New Money: Democrats look to take on a boatload of cash to take on the GOP come election season OK, They Got Married: Let’s move along then, shall we?
Just because fundraising season is back on for some of the biggest names in private equity and venture capital, it doesn’t mean mezz lenders are getting left out in the cold in these heady times. Chatham Capital, the Georgia-based mezzanine lender, will raise up to $400 million for its next fund, according to an individual familiar with its plans...
The Horror: Devastation across Alabama as tornados rip the state A Bright Future? Baidu’s growth rate is impressive, but China’s search industry is still wee Mr. Jobs Goes to Washington: The Apple chief will testify before Congress on Apple’s device tracking. On a panel led by Al Franken. Yup, that one. Get On With It! Galleon jurors listen to more of Rajaratnam’s tapped calls as Wall St. awaits a verdict
Arsenal Capital, the New York-based private equity firm, will begin marketing its third fund later this year, according to an individual familiar with its plans. After reeling in a pair of oversubscribed funds and boasting positive returns on both, it is expected that when Arsenal reloads, its third fund will be substantially larger than its […]
MODASUITE, the Canadian online menswear retailer, has secured unspecified seed funding from Real Ventures, Anges Quebec investors and Bolidea. The Montreal-based company will use the capital for its development initiative.
Another New Yorker? Former Mayor Giuliani weighs White House bid Better Put… Groupon is struggling to extend its competitive advantage into China The George Jung Fund? Pot growers look to take on some legit capital Yeah, Um, Good Luck With That: MySpace to be sold, for north of $100M?
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