Jonathan Marino
Got Our E-mails? Get our wonderful, spectacular e-mails… FREE! Law of Unintended Consequences: Is Wall St.’s new pay structure causing its next round of layoffs? Summertime Snitchin’! The Poohster goes down! New View, Same Result: Sears might move from Chicago… to the nation’s capital?
The Employee Retirement System of Texas, the state pension with roughly $22 billion in assets under management and nearly 200,000 active and retired members, has picked Wesley W. Gipson to serve as its new director of private equity, peHUB has learned from multiple sources. ERS of Texas declined to comment for this story. Gipson has been with ERS of Texas for a while; he came there in 2009 after spending five years with the Aurora Group. Gipson also worked for Procter & Gamble’s corporate finance division....
Daily deals website BuyWithMe.com will conduct a new round of fundraising in the next few months, according to a senior source. BuyWithMe has big competitors, clearly: Groupon raised $950 million earlier this year after spurning a Google offer and is expected to raise about $750 million more through its IPO; LivingSocial took in nearly $600 million across two rounds of fundraising in six months’ time. Gilt Groupe sought and secured nearly $140 million en route to a $1 billion valuation. And some of BuyWithMe’s well-capitalized competitors are dispensing money to build scale and quickly develop a merchant roster....
Got Our E-Mails? Get our e-mails… totally free! Redemption!...? Falcone’s LightSquared strikes a deal with Sprint Come Again? Startups’ fuzzy math Return of the McIlroy: Coming off a flop in Augusta, the young star dominates in Bethesda
For the second straight summer, limited partners’ views on private equity as an asset class continued to brighten, according to a Coller Capital report released Monday. They’re looking to increase target allocation in greater numbers and LPs say debt markets are functioning well and that dividend recaps are a sign of strength. Nearly one quarter […]
Welcome to our new feature, TALK BACK, where the writers and editors of peHUB will engage with readers on a topical issue once a week. This week’s topic: the 500 shareholder rule. Yesterday, we reported that House lawmakers are considering expanding the 500 shareholder rule and eliminating certain parties from the new, increased threshold of […]
Schutt Sports, the portfolio company of Platinum Equity (the Tom Gores firm that just landed the Detroit Pistons), will buy certain football helmet and faceguard assets that belonged to Adams USA. Schutt will continue to develop the brand under the Adams name. Terms of the deal were not publicized.
Not with a Bang: But with a whimper, former Congressman Weiner heads for the private life Ackman IPO? The head of Pershing Square may raise capital on public markets Throttled: Pandora shares take a beating Dealing! Is Blackboard a buyout target?
#WINNING! The Boston Bruins edge the Vancouver Canucks for the Stanley Cup, hockey fans in Canada respond appropriately While You Were Out… Sen. Grassley asks the S.E.C. “What about those 65 referrals on SAC?” Come Again? Why, on a day when markets tumbled, when we see Pandora shares take off by just under 10%, does anyone call this “calming down” in the IPO market? IPO Time! Carbonite is going public. Not to be confused with Dolemite.
Pixim, the Mountain View, Calif.-based startup providing technology for security cameras, will buy Advasense Technologies. Investors in Pixim include Tallwood Venture Capital, Ridgewood Capital, Mayfield Fund and Mohr Davidow. Advasense Technologies investors include Genesis Partners, Giza Venture Capital, CIDC Consultants, BlueRun Ventures and VentureTech Alliance. Specifics on the transaction were not publicized.