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Deep in the Heart of Texas… Shindig!

By Jonathan Marino

Posted on: November 13, 2012

Last night at the Londoner Pub in Dallas, Texas, dozens of peHUB and Buyouts readers joined together to raise hundreds of dollars for the American Red Cross relief campaign for Hurricane Sandy. We enjoyed oodles of local fare, as well as brews like Starporamen and Victory Golden Monkey.


CD&R’s Conway Says PE Does a Bad Job Explaining Itself, Fund VIII is 75% Invested

By Luisa Beltran

Posted on: November 13, 2012

The presidential election is finally over and Kevin Conway, Clayton, Dubilier & Rice’s managing partner, says he’s happy we don’t have to talk about it anymore. The private equity industry can go back to business as usual, says Conway, who spoke Tuesday at the Buyouts conference in Dallas. The presidential election, which saw Bain Capital co-founder Mitt Romney lose to Barack Obama, didn’t intrude on private equity “doing what we do,” he says.


Valuation Disconnect Holding Up Tech M&A

By Joanna Glasner

Posted on: November 13, 2012

A new survey of technology executives sheds some light on why they’re not consummating many large, venture-backed acquisitions lately. Apparently, they think the prices are too high.


Burnished by Starbucks, Upstart Square Battles Payment Giants

By Reuters News

Posted on: November 13, 2012

Square, once all alone in the mobile payments business, has increasingly been confronted by major players like Paypal and Google. Next, Jack Dorsey‘s second act will need to lock in brick-and-mortar businesses and chain stores.


Washington State Investment Chief Says Access to Top Venture Funds Remains Difficult

By Gregory Roth

Posted on: November 13, 2012

Limited access to top venture funds continues to restrain the Washington State Investment Board from investing in the asset class, according to Gary Bruebaker, the board’s chief investment officer.


peHUB First Read

By Angela Sormani

Posted on: November 13, 2012

This morning peHUB brings you the latest on return predictions, whether it really is all doom and gloom and discovers an idiot’s guide to mastering the venture capital game.


Microsoft CEO Steve Ballmer is silhouetted against a video screen during his presentation of the new Surface in Los Angeles

Second Opinion

By Connie Loizos

Posted on: November 12, 2012

The controversial Chicago-based investment firm Advanced Equities is shutting down, Jefferies Group is selling itself to Leucadia National Corp., its biggest shareholder, for $2.76 billion, the FTC appears to be on the verge of suing Google, and so much more!


Sovereign Wealth Funds, Staff Build-Up Bolster Advent’s Fundraise

By Bernard Vaughan

Posted on: November 12, 2012

Sovereign wealth funds and other new investors, as well as a staff build-out, enabled Advent International to close its seventh global buyout fund with €8.5 billion ($10.8 billion) in commitments.


Israeli Private Equity Keeps Pace in Third Quarter, But Values Drop

By Connie Loizos

Posted on: November 12, 2012

Private equity deals in Israel fell dramatically in value if not in terms of pace in the third quarter, according to new data out of the IVC Research Center. Sixteen deals, valued at $272 million, were completed, according to the firm’s data. Meanwhile, in the second quarter of this year, 14 deals were sewn up at a collective value of $1.6 billion.


peHUB Top 10

By Jonathan Marino

Posted on: November 12, 2012

And the away team takes one! This week’s top 10 posts were dominated by our guest bloggers–if you’d like to try your hand at it, try me at jonathan.marino@thomsonreuters.com–including newcomer Matt Stewart and one of our favorite new byline regulars at peHUB, Mahendra Ramsinghani. Take a look at our hits from the last week.


peHUB First Read

By Angela Sormani

Posted on: November 12, 2012

Find out the latest after the weekend break with this morning’s First Read links which unveil KKR’s new investment funds for private investors; Google Ventures’ $300 million boost and which housing markets dropped this year.


sweatingitout

For Private Equity, Four More Years to Sweat

By Jonathan Marino

Posted on: November 12, 2012

President Barack Obama’s re-election means four more years of worrying about carried interest taxation increases for private equity and venture capital firms. Unless, of course, the White House can wrangle a deal with a divided Congress to increase taxes sooner…