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Dell is closely studying the EMC playbook
It has been around 18 months since Michael Dell teamed up with Silver Lake Partners to take Dell Inc. private for $24.9 billion. Now he’s apparently thinking about parts of the business that could be...
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Private equity executive Joe Trustey killed in plane crash
Joe Trustey, a managing director and chief operating officer of Summit Partners, was killed last night when his single-engine plane crashed at Milwaukee’s Timmerman Airport. Also killed was one of...
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The case for taking Zynga private
This spring, Mark Pincus returned to Zynga ZNGA , the gaming company he founded in 2007, to attempt the near-impossible: a turnaround of a consumer tech company. Pincus, you might remember, was ousted...
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Private equity pioneer Jerry Kohlberg passes away
Jerry Kohlberg, arguably the father of leveraged buyouts, passed away last Thursday from cancer at the age of 90. Kohlberg led the corporate finance department of Bear Stearns during much of the 1960’s...
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Yuri Milner adds $1.7 billion to his VC war chest
DST Global, the venture capital and growth equity firm led by Yuri Milner, has raised $1.7 billion for its fifth fund, according to a filing with the SEC. It is unclear if this represents a final...
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Chart of the day: Venture capital outperformed the stock market
U.S. venture capital funds outperformed the public stock markets in 2014, according to new research published this morning by research firm Cambridge Associates. U.S. private equity returns also topped...
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Why Motorola just got a $1 billion investment from Silver Lake
Motorola Solutions Inc. MSI is getting a $1 billion injection of capital from private equity house Silver Lake, as it looks to broaden its range of products and services beyond the radios used by...
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Organic Avenue gets squeezed, then sold
New York-based “grab and go” juice and sandwich chain Organic Avenue has a new owner, Fortune has learned. Turnaround investment firm Vested Capital Partners has acquired Organic Avenue from Weld...
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Private equity’s ‘Golden Age’ is finally coming to an end
Nearly three years ago I wrote how private equity firms still owned most of the mega-cap companies they acquired between 2005 and 2008, which Carlyle Group CG co-CEO David Rubeinstein termed the...
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Carlyle buys data storage biz Veritas from Symantec for $8 billion
Private equity firm The Carlyle Group CG announced this morning that it is acquiring data storage and server management business Veritas from Symantec Corp. SYMC for $8 billion. Helping to finance the...
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Breaking down the big SunGard sale
Fidelity National Information Services FIS today agreed to acquire financial services software company SunGard for approximately $9.2 billion in cash and stock from a consortium of seven private equity...
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Pet retailer Petco files to go public
Petco this afternoon filed for an initial public offering, which would be the pet supply retailer’s third IPO in the past 11 years. The San Diego-based company said that it plans to raise $100 million,...
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Why EMC’s ‘federation’ could unify
Paul Maritz, the ex-Microsoft MSFT executive who ran closely held Pivotal Software, stepped down as CEO Tuesday. On its own, the news isn't earth shattering. Maritz will stick around as executive...
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No, private equity is not inflating tuition at Yale or any other school
While excoriating The California Public Employees’ Retirement System (CalPERS) earlier this summer for not knowing the amount of performance fees (i.e., carried interest) it had paid to its private...
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Stock swoon: Buy, sell or hold on for a moment?
Over the weekend, someone asked my why the stock markets were going down. I told him it was because they had previously gone up. Seemed like as legitimate an explanation as any (and saved me from...
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Exclusive: Fanatics raises $300 million from Silver Lake
Fanatics Inc., an e-commerce company focused on sports merchandise, has sold a minority ownership stake to private equity firm Silver Lake for $300 million, Fortune has learned. Jacksonville,...
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Trump punts on tax question, after slamming hedge fund managers
Donald Trump said over the weekend that hedge fund managers are “getting away with murder,” by getting to pay a low tax rate on their cut of investment profits. His comments were referring to how the...
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Playtime is over, unicorns
I'd say it's time to start worrying, at least if your career is tied to tech, especially that corner of it dominated by high-valuation, high-growth, no-profit animals knowns as "unicorns." These...
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Exclusive: UTIMCO loses head of private markets investing
Lindel Eakman is stepping down as head of private market investments at the University of Texas Investment Management Co., after nearly 13 years with the $35 billion endowment management group, Fortune...
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CalPERS still can’t get out of its own way on private equity
The California Public Employees’ Retirement System (CalPERS), the nation’s largest public pension with $296 billion in assets under management, in 2011 made a bold move to restore credibility to a...
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