Jonathan Marino
In a sense, ESPN has always been about mobile media. In the early 1980s, George Bodenheimer, now president of ESPN and ABC Sports, would drive taped games to the network’s Bristol, Conn., studios from a nearby airport. Things are a little more efficient these days. Now, “the worldwide leader in sports” is on your phones […]
Falfurrias Capital Partners will likely sell its majority stake in fried chicken mecca Bojangles’, sources familiar with the matter told peHUB. The Charlotte Observer reported earlier today that the North Carolina-based private equity firm, which acquired its stake in 2007, is examining strategic alternatives. In this market, selling its stake in Bojangles’ would likely represent […]
Still Snitchin’: SAC employees bagged in insider trading probe Home Run: Corporate managers in the Kinder Morgan and HCA buyouts stand to reap a windfall from each company being IPO-ed Dealing: AXA and Permira to buy Opodo to merge with eDreams and Go Voyages Seeds: i/o Ventures now accepting applications for its March 2011 program
Just look at the multiples Google and AOL are tossing at targets. The big boys like KKR aren’t having any difficulty getting covenant-lite loans put in place for their behemoth LBO offers. But downstream, middle market PE firms need more access to capital for deals as well, and the coming weeks will test the strength […]
Vincenzo Narciso has moved to UBS Private Equity in the UK as an executive director, leaving his Matrix Group Limited position after just a few months, peHUB has confirmed. The source that tipped peHUB off on Narciso’s departure did not indicate what spurred him to leave. Matrix Partners did not respond to requests for comment, but Narciso’s LinkedIn page says it all. In September 2010, Matrix hired Narciso as a partner within its private funds group. Prior to that, he worked as head of Union Bancaire Privee’s PE activities, and was with Swiss Re Private Equity Advisors as a senior investment professional.
Marriage of Convenience: Olbermann to get with Current TV Dealing: Kindred Healthcare will acquire RehabCare Group in $900M cash & stock deal The One in Brooklyn is, in Fact, Not for Sale: A Florida bridge could be either turned over to bondholders or taken over by the state government More-Mart: Wal-Mart, not too long after expansion in Africa, is negotiating for a stake in Indonesia’s Matahari
At the end of last month, NDI Medical announced it would launch a healthcare venture fund to develop neurodevice technologies. Already, it’s well on its way, according to a filing with the Securities & Exchange Commission. Of the $50 million NDI is seeking, it smashed halfway through that target in fairly short order, corralling just under $26 million from 48 investors. The fund’s minimum buy-in is $50,000. NDI Medical, with offices in Cleveland, Ohio, and Chapel Hill, North Carolina, stated just at the end of January that it raised $8 million in equity investments and via an Ohio state grant. NDI has partnered with Ohio before, reeling in $7 million in grants from its Third Frontier Program, as well as the National Institutes of Health...
They’re publicly owned staples of the Midwest, with old-school tradition and strength built on not embracing fads of the moment: Berkshire Hathaway and the Green Bay Packers. Berkshire stock has risen more than 70% from the recession’s trough; it was right around that time a 6-10 Packer team led by rookie Aaron Rodgers was licking […]
You Paid WHAT?: AOL dishes out about $315M for The Huffington Post Growing: Dewey & LeBoeuf boosts their bankruptcy team Dealing: Beckman Coulter to be bought by Danaher Corp. in $6.8B deal Advertising: Groupon is rapped by critics for its Super Bowl ads
Properties: Cerberus to buy Silverleaf Resorts Feelin’ Gassy: Indian Reliance Industries could elbow Chevron aside in bidding for Atlas Energy Come Again?!?: Congress wants to hear a little more from Whitney on her muni doomsday call Snitchin’: On the heels of the Justice Department, the S.E.C. raps six with insider trading charges