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Why KKR is doubling down on First Data
Private equity firm Kohlberg Kravis Roberts & Co. KKR today announced that it is leading a $3.5 billion investment in First Data Corp., the payment processing company that it originally acquired...
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Today’s deals: Battery-powered bus co. raises $30 million
Venture Capital Deals Proterra Inc., a Greenville, S.C.-based manufacturer of battery-powered electric buses, has raised $30 million in fourth-round funding co-led by return backers Kleiner Perkins...
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Private equity also has a pay for performance problem
Leon Black was the highest paid private equity executive last year. He also runs the firm, Apollo Global Management APO with the most deals that have gone bust. The later figure comes from a Moody’s...
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Thomas H. Lee Partners secures new fund commitments
Thomas H. Lee Partners is finally be on the verge of formally restarting its fundraising activity, after nearly a year of expectations. The Boston-based private equity firm has quietly secured limited...
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America’s private equity capital is… (hint: not New York)
If you want your company to be acquired by a private equity firm, your best bet is to headquarter in Texas. The Private Equity and Growth Capital Council today released its annual state-by-state...
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Bain Capital veteran moves on
Andrew Balson has stepped down as a managing director with Bain Capital after 18 years with the private equity firm, Fortune has learned. The news was first revealed in a letter sent to Bain investors...
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Investcorp loses tech investors
Andrew Flett has left Investcorp Technology Partners after 15 years with the private equity firm, Fortune has learned. Fellow principals Glenn Luk and Abhishek Sud also appear to have departed, judging...
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Behind Snapchat’s disappearing valuation
Two months ago, we reported that Snapchat was in talks to raise around $200 million in Series C funding at a $4 billion valuation, most likely to be led by a large strategic investor like China’s...
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Rebuilt stock, drives like new?
For private equity firms, 2013 has been a year of exits. With the stock markets roaring, they’ve been peddling their portfolio companies to retail investors almost daily. Some 170 companies have gone...
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Centerview makes a big bet on mid-market tech investing
Now would very likely be a horrible time to start a venture capital firm. After a lost decade, that sector finally has had some decent years, valuations are astronomical, and the smart money is getting...
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Deals of the day: Golden Gate buying Phillips-Medisize
To get deals in your inbox each morning, sign up for our Term Sheet newsletter Venture Capital Deals Maxta, a Sunnyvale, Calif.-based developer of VM-centric storage platforms, has raised $25 million...
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IRS prepares to crack down on private equity execs?
FORTUNE — During the 2012 presidential campaign, there were a number of stories about how certain private equity executives (including Mitt Romney and his former Bain Capital colleagues) had lowered...
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Deals of the day: JPMorgan backs Motif Investing
To get deals in your inbox each morning, sign up for our Term Sheet newsletter Venture Capital Deals Netshoes, a Brazilian e-commerce company focused on sporting goods, has raised approximately $180...
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The big winner if Apple buys Beats
FORTUNE — There’s a growing sentiment in venture capital circles that big private equity firms will eventually come to regret their recent investments in late-stage startups. Pure equity investments in...
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Deals of the day: Allergan rebuffs Valeant
To get deals in your inbox each morning, sign up for our Term Sheet newsletter Venture Capital Deals Chase Pharmaceuticals Corp., a Washington, D.C.-based drug development company focused on...
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Deals of the day: Swagbucks raises $60 million
To get deals in your inbox each morning, sign up for our Term Sheet newsletter Venture Capital Deals Anaplan, a Redwood City, Calif.-based provider of modeling and planning solutions for finance and...
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Private equity should standardize its investor agreements
FORTUNE — The SEC is investigating private equity for its alleged systemic use of “hidden” fees charged to portfolio companies and investors. Some of this involves charging portfolio companies for...
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Tony Ling leaves Silver Lake
FORTUNE — Tony Ling has quietly stepped down as a managing director with tech-focused private equity firm Silver Lake, Fortune has learned. Ling originally joined Silver Lake in 2005, after having...
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Deals of the day: BWAY on the block
To get deals in your inbox each morning, sign up for our Term Sheet newsletter Venture Capital Deals Attensity, a Palo Alto, Calif.-based provider of social CRM solutions, has raised $90 million in new...
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Private equity firm’s most ridiculous fees
FORTUNE — Private equity fund documents typically are kept confidential, but you still can learn a lot about firm economics from reading through information that firms must make publicly available via...
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