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Carlyle Group Bulks Up Private Equity Team
Tyler Zachem and David Basto have joined The Carlyle Group CG as managing directors in the firm’s corporate private equity group, Fortune has learned. Both men previously led Broad Sky Partners, a...
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Avista Capital Makes Major Change to Fund Strategy
Avista Capital Partners, a New York-based private equity firm formed a decade ago by former DLJ Merchant Banking chief Thompson Dean, is making a major change to its structure, according to multiple...
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Yahoo’s Last Resort
When activist investors say jump, Yahoo YHOO jumps. Just a week after Starboard Value recommended that Yahoo stop the planned spin-off of its Alibaba and Yahoo Japan shares and sell its core business,...
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Surprise! Yahoo ‘Core’ May Actually Be a Good Acquisition
Yahoo has its share of troubles, but as the company’s board considers a possible sale of its core business, it may find a long line of potential suitors. Yahoo’s board is meeting this week to discuss...
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Uber and its Rivals Now Have A Big Investor in Common
There were two major developments on Thursday in the world of ride-hailing. First, Uber is in the midst of raising $2.1 billion in new private equity funding at a whopping $62 billion valuation. For...
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Ex-Sen. Bill Frist Forms Venture Capital Group
Former U.S. Senate Majority Leader Bill Frist and investing partner Bryan Cressey are hiring investment staff to handle their personal investments in healthcare technology and services companies,...
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Avon Ladies Get New Boss: Private Equity
After years of declining sales and a shrinking army of domestic Avon Ladies, the direct-selling beauty company is selling off its North American business to a private equity firm, in the hope it can...
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Martin Shkreli’s Replacement Has a Questionable Past
When Martin Shkreli stepped down as CEO of Turing Pharmaceuticals last week--following his arrest for securities fraud--the controversial company named chairman Ron Tilles as interim CEO. Not terribly...
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Exclusive: Longtime Bain Capital Exec Retires
Paul Edgerley is stepping down as a managing director with Bain Capital, after a 27-year run, Fortune has learned. The Boston-based private equity firm informed investors of his decision last night via...
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2016 Predictions from Term Sheet Readers
Earlier this week I asked for 2016 predictions from readers of Term Sheet, our daily newsletter on deals and deal-makers. Below are 50 some odd responses, in no particular order: Robert: "Space X will...
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10 Economic Surprises for 2016
Byron Wien, vice chairman of Blackstone Advisory Partners BX , today issued his list of Surprises for 2016. This is the 31st year Wien has given his views on a number of economic, financial market and...
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New Details Emerge on AMG’s Deal with Baring Private Equity Asia
Baring Private Equity Asia has become the latest private equity firm to sell a piece of itself, agreeing to sell an equity interest to Florida-based Affiliated Managers Group Inc. AMG . The public...
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A Private Equity Conflict Grows on Wall Street
Andrew Ross Sorkin has a column out this morning about “designated lender counsel,” or the practice through which private equity firms select and pay for outside law firms that represent lenders on...
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Luxury Goods Maker LVMH Strikes Deal with U.S. Private Equity Firm
Catterton Partners, a Connecticut-based private equity firm focused on consumer brands, on Tuesday announced a tie-up with luxury product maker LVMH and major LVMH shareholder Groupe Arnault. The...
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The Story of How Barstool Sports Got Sold
Can you make an introduction to El Presidente? That was the request made around six months ago by Mike Kerns to the agent for Jared Lorenzen, a former NFL quarterback and contributor to Barstool...
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Race, Revenge, and Restitution at New York’s Largest Pension Fund
In the summer of 2010, Tarrus Richardson was fired from ICV Partners, the New York-based private equity firm he had co-founded 12 years earlier. Last October, that termination quietly resulted in a $15...
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Private Equity Firm Settles Messy Investor Lawsuit
In October we wrote about the legal mess surrounding Capital Point Partners, a Houston-based private equity and mezzanine investment firm that was founded by former pro football player Alfred Jackson...
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The Buying and Selling of Private Equity Is Hotter Than Ever
The secondary market for private equity is at record levels, and only getting bigger. That’s the big takeaway of a survey of more than 70 professionals who are in the business of buying and selling...
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Peter J. Solomon President Leaves for Centerview
Ken Berliner has quietly stepped down as president of investment bank Peter J. Solomon & Co., in order to join rival Centerview Partners. Berliner had spent 23 years at PJSC, working on such...
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Cybersecurity Firm Raises $96 Million From Providence Equity Partners
Skybox Security, a San Jose, Calif.-based cybersecurity firm with R&D offices in Israel, said Wednesday that it has raised $96 million in funding from Providence Equity Partners. Providence, which...
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