Jonathan Marino
Ya Blew It! Botched turnaround costs Radio Shack S&P 500 membership The Quickbar Strikes Back! Twitter plots more aggressive ad strategy Dealing: Providence Equity Partners in exclusive talks for Blackboard That Was a Breeze: Wind turbine company Danotek snaps up more funding
Yesterday, the U.S. Securities and Exchange Commission made public its definition of venture capital firms for the purposes of exemption from SEC registration requirements. VCs and the NVCA hoped, with bated breath, that few if any VC firms would get sucked into the same category as private equity and hedge funds. But even exempt firms face some filing requirements and could be subject to SEC examinations under a separate SEC rulemaking. (Austin Ventures recently hired a combination compliance officer and general counsel, raising questions about the extent of such requirements. In addition...
For years, municipalities have been kicking the proverbial can down the road, hitching bonds, pension and revenue estimations to over-optimistic expectations of home prices’ appreciation—and, by direct extension of this, over-inflating their tax projections. If Meredith Whitney is to be believed, the United States is still facing potentially hundreds in billions of dollars of municipal […]
O-Bieber Fever! POTUS and the kid wonder descend on NYC Oh, THAAAT Offer… Hulu hires advisers for potential deal What a Pop! EA reportedly eyes PopCap games in $1B deal Xconomy Update: On the Seattle life sciences investing scene
DEI Holdings has completed its deal to sell to private equity firm Charlesbank Capital Partners, the firms said in a joint statement. DEI Holdings, the electronics company that makes, among its other products, Polk Audio home theater systems, was taken private from the Pink Sheets for $4.46 per share in cash, or about $305 million. The company’s existing management will remain in place.
Matthew Roe will join Crescendo Biologics as its chief business officer, the company announced. The healthcare veteran comes from Genzyme Corp., where he most recently served as senior director of business development and licensing. The company has raised £4.5 million in seed funding from life sciences investors, Sofinnova Partners, Avlar BioVentures and the Rainbow Seed Fund.
AOL and Fleaflicker, the fantasy football site, are no more. The Internet company sent e-mails to users on Wednesday stating that the company has been acquired by its original founder, Ori Schwartz. Terms of the deal were not publicized. As of July 22, AOL will no longer operate the Fleaflicker service, the company said.
Accel Partners has hit some serious, major home runs. Until the mid-1990s, the venture capital firm included healthcare plays in its investing strategy that focused on tech startups; just as the dot-com bubble began to inflate, Accel shifted its strategy into a more Internet-centric focus. After a lull last decade cost the venture capital firm some of its limited partners, including, reportedly, Harvard, the top-tier VC proved to its critics why it’s the cream of the crop among early-stage investors. But, in fact, Accel has always been a backer of some of America’s biggest businesses since its 1983 founding. From Wal-Mart to Facebook, Accel identified early-stage prowess at some of the most successful enterprises of the last 30 years....
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Aurora Capital, the Los Angeles-based private equity firm with about $2 billion under management, is preparing now to raise its latest fund, a source tells peHUB. The private equity firm earlier this year became embroiled in the California Public Employees’ Retirement System (CalPERS) pay-to-play scandal when investment staff told auditors that former pension CEO Federico […]