Get The Wire in your inbox each morning! Just send us an email. Hours Spent = Dollars (or Euros) Earned The Organization for Economic Cooperation and Development (www.oecd.org), a Paris-based research group, issued a report earlier this week showing a divergence among industrialized nations in terms of hours worked per capita. This is one […]
Get The Wire in your inbox each morning! Just send us an email. Trial Watch: A “Bizarre” Verdict When I sent out emails yesterday that a verdict had been reached in the Connecticut vs. Forstmann Little & Co. trial, some of you wrote in to ask what I was talking about. In order to […]
Get The Wire in your inbox each morning! Just send us an email. America Online Inc. has agreed to acquire Advertising.com Inc., a Baltimore-based provider of interactive marketing services, for $435 million in cash. Advertising.com currently is in registration for a $100 million IPO, although registration papers are expected to be withdrawn in concert […]
Get The Wire in your inbox each morning! Just send us an email. Bear Stearns Merchant Banking has formed a strategic investment partnership with Milan, Italy-based private equity firm Opera. Under terms of the deal, BSMB will designate up to €200 million for investment alongside Opera in Italian “lifestyle” companies with revenue in excess […]
Get The Wire in your inbox each morning! Just send us an email. Theravance Inc., a South San Francisco-based drug company, has filed to raise $96 million via an IPO of common stock on the Nasdaq under proposed ticker symbol THRX. The company has raised over $200 million in VC funding since its 1996 […]
Get The Wire in your inbox each morning! Just send us an email. Rick Hayes has tendered his resignation as senior investment officer for alternative assets with the California Public Employees’ Retirement System (CalPERS), effective in July. He will become a managing partner at Oak Hill Capital Management. Go to www.PrivateEquityWeek.com for more. David Mills […]
Get The Wire in your inbox each morning! Just send us an email. Ripplewood Holdings LLC and Activated Holdings LLC have acquired a majority position in Shaklee Corp. from Yamanouchi Pharmaceutical Co. Ltd. The deal is worth an estimated $310 million, with Ripplewood and Activated owning a combined 81% of Shaklee equity, while the […]
Get The Wire in your inbox each morning! Just send us an email. Airpax Corp., a Cambridge, Md.-based manufacturer of circuit protection and thermal sensing products, has completed a $78.5 million recapitalization. William Blair Capital Partners led the deal with a $24.5 million investment, and was joined by company management and Norwest Equity Partners. Antares […]
Get The Wire in your inbox each morning! Just send us an email. Dex Media Inc., an Englewood, Colo.-based phone directories publisher, has filed to raise $1.5 billion via an IPO of common stock on the NYSE under an undetermined ticker symbol. Morgan Stanley, Lehman Brothers and Merrill Lynch & Co. will act as joint […]
Get The Wire in your inbox each morning! Just send us an email. The State of Michigan has amended its open records laws, one year after The University of Michigan released market values and internal rates of return for each of its VC and buyout fund relationships. The school was consequently booted out of a […]