- SCOOPS & ANALYSIS
- NEWS DIGEST
- VOX POPULI
- Filter: All | VC | PE
Loading articles...
Second Opinion
Facebook’s global VP of communications heads out the door after just 15 months, Blackstone looks to unload a property for $1.3 billion, 67 percent more than it paid for it 18 months ago, and Fortune features the eleven best new cars in America. And more!
Petco Backers, with Leonard Green & TPG, to Get $603M Dividend
Petco Holdings is paying out another dividend to its shareholders, which include Leonard Green & Partners and TPG. San Diego-based Petco is raising $550 million in secured PIK notes, according to an Oct. 4 report from Standard & Poor’s. Petco plans to use the proceeds, plus roughly $75 million in cash, to pay out a roughly $603 million dividend to shareholders, S&P says.
FleetMatics Gets Boost in IPO Debut
(Reuters) – Shares of FleetMatics Group Plc rose as much as 36 percent on their debut, a day after the Irish fleet management software provider priced its initial public offering at the high end of its expected price range.
Why Large-Cap LBO Shops Shouldn’t Get Capital from Little Investors
Carlyle Group boss David Rubenstein said, in the wake of his company’s successful IPO, that he’d like to see smaller investors back PE funds through 401(k) investments. But they shouldn’t–at least, not for private equity firms that are listed.
Looking to Join a Global VC – e.ventures is Calling
This week global Internet investor e.ventures has a vacancy we thought it was worth showcasing. The position is for a senior controller who will be at the hub of the firm’s domestic and international investment fund administration.
Reuters – Dave & Buster’s Entertainment Withdraws IPO
Dave & Buster’s Entertainment Inc. withdrew its planned IPO, citing volatile market conditions, a day before it was to start trading on the New York Stock Exchange. The Dallas-based company in September said it planned to sell about 7.7 million shares at between $12 and $14 each. It had filed for an IPO of up to $150 million last July. Dave & Buster’s is majority backed by Oak Hill Capital Partners.
peHUB Friday First Read
Kicking things off to wrap up the work week, “Escape from the EU” for PE, Shoe-fizzle, and Sacha Baron Cohen aims to offend once again.
CalPERS Says It Still Supports Emerging Managers
Trying to counter claims aired at a recent state Senate hearing, Joe Dear, chief investment officer of the California Public Employees’ Retirement System, wrote a letter to the hearing chairman saying he was “troubled by testimony that questioned our commitment and intentions” with regard to emerging managers – investment firms that are often managed by women and minorities.
peHUB Second Opinion 10.4
In Second Opinion, we have the launch date for Microsoft’s new tablet, why startups die and why do billionaires feel victimized by Obama?
Olympus Partners Buys Waddington as Firm Expects to Fundraise for Next Pool Soon: UPDATED
Olympus Partners, which plans to launch its next pool soon, has closed its buy of Waddington North America. Stamford, Conn.-based Olympus invested a little more than $100 million in Waddington, says Manu Bettegowda, a partner.
Berry Plastics Drops in IPO Debut
(Reuters) – Shares of Berry Plastics Group Inc, backed by private equity firm Apollo Global Management, fell almost 5 percent in their stock market debut on Thursday.
Madison Dearborn Makes Nearly 2x Their Money on BWAY
It only took two years for Madison Dearborn Partners to nearly double its money on BWAY Parent Co.
Platinum Equity said earlier this week that it agreed to buy BWAY, an Atlanta packaging company, for $1.24 billion. The sale is expected to close in fourth quarter.
