(Reuters) – Hundreds of businesses crawling out of bankruptcy in the hands of hedge funds and other financial owners are hanging the “for sale” sign on their doors. Distressed debt investors such as Paulson & Co, Avenue Capital and Silver Point Capital that took control of bankrupt companies during the financial crisis are looking to […]
(Reuters) – David Einhorn has struck out in his attempt to buy a stake in the New York Mets. Einhorn, who runs the hedge fund Greenlight Capital, said on Thursday that his plans to buy a large minority stake in the Major League Baseball team for $200 million has collapsed. “I am disappointed to announce […]
Cross Keys Capital said Thursday that it advised on the sale of Glassworks and Arcadia Residential to Bounds Equity Partners. Cross Keys Capital acted as financial advisor to the owners of Chicago-based Glassworks and Arcadia Residential, the firm said. Arcadia specializes in manufacturing custom windows and glass walls, among other products. Glassworks designs and manufactures glass for residential and commercial markets.
(Reuters) – Start-up companies using “freemium” business models, including Dropbox, SurveyMonkey, Animoto and Eventbrite, are thriving as the cost of computing power and storage falls. These are among a slew of venture-capital backed businesses that offer some products and services free, then try to lure customers into upgrading to premium versions that cost money. This […]
ValueClick has completed its acquisition of Dotomi, the Chicago-based display media company, in a $295 million deal. Jefferies & Company acted as exclusive financial advisor to Dotomi. Dotomi was founded in 2003.
So, What’s Wrong with MobiTV’s IPO filing? Swingin for the Fences: The Obama administration is wielding a lot of force with the DOJ Pot, Meet Kettle: ECB official rips US debt sitch Ruh-Roh: US futures headed south for the Thursday Well, Then: Samsung sets sail on three new cameras Zeebo packs on the pesos for a pivot
IBM is paying $387 million in cash to buy Toronto-based risk analytics software firm Algorithmics, Reuters reported. Roughly 900 Algorithmics employees will join IBM’s software group once the deal closes. Algorithmics is a member of Fitch Group, majority-owned by Paris-based Fimalac.
As there’s no formal dictionary definition for what number constitutes a “slew,” it’s safe to say that’s about what MHT Partners just hired. The investment bank added professionals ranging from analyst to managing director to its offices in Boston and Dallas. They include: John Mullen, Managing Director, Taylor Curtis, Director, Sanjay Gulati, Analyst, Casey O’Grady, Analyst, Dallas Office and Ada Lio, Analyst, Boston office.
A former VC is being charged with breaching his fiduciary duty and “usurping” his ex-employer’s funds to launch a separate investment vehicle that invested in TicketsNow, the online secondary market ticket exchange, according to an SEC complaint. In 2006, according to the complaint, Matthew Crisp, was then a partner with Adams Street Partners, an international […]
Private equity firms can barely stop licking their chops — at least, at first. One after another, they’re either scoring mega multiples on, or backing the proverbial truck up for, restaurant deals (sometimes, in the same transaction). Financial sponsors are gobbling up listed restaurants and private companies, taking fried chicken joints and steakhouses to improve […]