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Who might top Dell’s offer for EMC?
EMC Corp. EMC this morning agreed to be taken (mostly) private by Dell Inc. for $67 billion, but included a “go shop” provision whereby it can solicit superior offers for the next 60 days. It’s hard to...
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First Data’s new CFO talks IPO
Payment processing giant First Data FDC raised $2.6 billion in its initial public offering, more than eight years after it was taken private by buyout firm Kohlberg Kravis Roberts & Co. KKR . It...
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KKR is raising its first tech fund
Kohlberg Kravis Roberts & Co. KKR is quietly raising its first fund dedicated to growth equity investing in private technology companies, according to multiple sources. The fund only is being...
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Staples founder Tom Stemberg dies
Tom Stemberg, the founder and former CEO of Staples Inc. SPLS , passed away earlier this morning after a long battle with cancer. He was 66 years-old. He most recently had been leading the Highland...
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Investment firm led by ex-NFL player faces big lawsuit
There is an interesting lawsuit brewing in Delaware Chancery Court, related to a Houston-based private equity and mezzanine investment firm called Capital Point Partners. The basic story appears to go...
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Commonfund Capital to lose its CEO
Don Pascal is stepping down as CEO of Commonfund Capital, the private capital business of $25 billion Commonfund, Fortune has learned. Also leaving will be managing director Greg Jensen. Both are...
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Shutterfly CFO leaves for private equity firm
Shutterfly’s chief financial officer Brian Regan is headed for the world of private equity. Regan is stepping down as CFO of the digital photo company to join Spectrum Equity, where he will be a...
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Ex-Goldman Sachs president to become co-CEO of TPG Capital
Private equity giant TPG Capital has hired former Goldman Sachs GS president Jon Winkelried as co-CEO. He will share the role with TPG co-founder James Coulter, while fellow co-founder David Bonderman...
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Theranos may be seeking to raise $200 million in new funding
Theranos, the controversial blood-testing startup that has been valued at $9 billion by private investors, recently decided to raise upwards of $200 million in new funding, according to regulatory...
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The real story behind that big Warburg Pincus sale
Warburg Pincus yesterday announced that the family office of French businessman Marc Ladreit de Lacharriere “has made an investment resulting in a 5% stake in the private equity firm.” But this is not...
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Energy-focused First Reserve Loses Co-Head of Buyouts
Tim Day is no longer with energy-focused private equity firm First Reserve, where he had served as a managing director and co-head of buyouts since 2011, Fortune has learned. His last day was October...
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Snapchat Isn’t the Only Startup in Fidelity’s Crosshairs
Fidelity Investments has become one of the most active investors in privately-held startups, buying into popular companies and then divvying up the shares among its various mutual funds. Now, however,...
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Jon Huntsman Sr. Returns to Private Equity with Rocket Fuel Deal
Huntsman Family Investments has gotten into the rocket fuel business, by agreeing to acquire the specialty chemicals division of American Pacific Corp. from private equity firm H.I.G. Capital. No...
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The World’s Largest Private Equity Investors Are…
The California Public Employees’ Retirement System (CalPERS) today is hosting a workshop on private equity, following a series of related controversies and changes to the public pension giant’s...
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Private equity accused of behaving badly
Private equity firms take confidentiality very seriously. Unless it gets in their way. That was the takeaway from a workshop presentation earlier this week by Marte Castanos, senior counsel with the...
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Public pensions keep faltering on private equity
The California Public Employees Retirement System (CalPERS) is expected to release its aggregate data on carried interest payments to its private equity funds, at just about the same time that most...
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Petco Fetches $4.6 Billion In Takeover Deal
San Diego-based pet supplies retailer Petco on Monday confirmed that it will be acquired for around $4.6 billion by private equity firm CVC Capital Partners and the Canadian Pension Plan Investment...
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CalPERS (Finally) Details its Private Equity Manager Profits
The California Public Employees’ Retirement System (CalPERS) on Tuesday morning released data on how much investment profit it had shared with outside private equity fund managers, after having been...
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Does Apollo Really Want to Buy Tribune Publishing?
Politico‘s Ken Doctor reported over the weekend that private equity firm Apollo Global Management APO had reached out to newspaper company Tribune Publishing Co. TPUB about a possible buyout, after...
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5 Notes on the Yahoo ‘Sale’
Today’s deal buzz is a Wall Street Journal story about how Yahoo’s board is “planning a series of meetings this week to consider selling off the company’s flagging Internet businesses and how to make...
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