This probably should be no surprise, but readers of peHUB expect the tax-advantaged status of carried interest to remain untouched after the election of 2012. A solid majority, at 53%, felt comfortable predicting in our Question of the Week that carry would continue to be taxed at low low capital gains rates. Interestingly, the minority […]
Warren Buffett sings in Chinese New Year, but really, folks, this man is just Carl Icahn in a bad sweater. There, I said it. Look Who’s Telling lawmakers how to do their jobs again! Warburg Pincus apparently can’t get their hands on enough money right now UrbanSitter is sitting on a fat wallet Heads Roll at Gilt Looks like an Avalanche of cash Un-policed State: 5-0 needs paperwork to track your GPS
Topsin LBO said Monday that it has acquired Stagnito Media. Financial terms weren't announced. Deerfield, Ill.-based Stagnito operates trade pubs including "Convenience Store News," "Progressive Grocer" and "Hispanice Retail 360."
Avenue Capital Group said Monday that Stephen Trevor was named a Senior MD focused on distressed-for-control investments. Trevor was previously co-head of the private equity business within Morgan Stanley Investment Management as well as co-head of Morgan Stanley Merchant Banking and Asset Management.
Riverside Partners said Monday that it has completed its buy of a majority stake in ITC Global. The deal was announced in November. St Petersburg, Fla.-based ITC provides satellite communications services to mining, energy and maritime businesses operating in remote or harsh environments.
AssuredPartners, which is backed by GTCR, has acquired Dawson. Financial terms were not announced. The deal includes Dawson Insurance, Dawson of Florida, Dawson Consulting Group, Group Benefits Agency, and Dawson Mid-Atlantic. The transaction, which closed Jan. 20, is the fourth for AssuredPartners.
SolutionSet MediaWhiz Partnership, which is backed by Lake Capital, has merged with D.L. Ryan Companies. Financial terms weren't announced. Hyper Marketing Inc., the merged group, is now a portfolio company of Lake Capital. News of the deal was announced by Morgan Joseph TriArtisan, which provided financial advice to D.L. Ryan.
As Mitt Romney prepares to release his tax returns on Tuesday, all eyes will be on Schedule D, Capital Gains and Losses, so everybody can take a look at his carried interest income. I can hear teeth grinding already in buyouts land.
Clearly, Romney's ...
Hellman & Friedman said Monday that the merger of Datatel and SunGard Higher Education has closed. The new company will have a new name that will be launched during the first half of this year. Until that time, the company will be called "Datatel+SGHE."
Nonni's, which is backed by Wind Point Partners, has acquired THINaddictives. Financial terms weren't announced. THINaddictives makes specialty thin biscotti.