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Goldman Sachs CEO Says To Expect More IPOs
Goldman Sachs GS chairman and CEO Lloyd Blankfein knows that there haven’t been too many IPOs in the past 14 months, but believes that the backlog will be cleared at some point in 2016. Blankfein was...
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US Foods Files for an IPO
US Foods, an Illinois-based foodservice giant with more than $23 billion in annual revenue, on Tuesday filed for an initial public offering. The company says that it plans to raise $100 million,...
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Private Equity’s Credit Crunch Moves Beyond Junk
The private equity markets have begun experiencing a major slowdown in new deal activity, due to a contraction in the market for high-yield debt. More specifically, banks are having a tough time...
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Could Obama’s SCOTUS Pick Come From Bain Capital?
It remains unclear if President Obama will get U.S. Senate consideration (let alone approval) for his upcoming Supreme Court nomination, but one name being floated is that of Deval Patrick, the former...
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Shamrock Capital Raises $700 million for New Fund
Shamrock Capital Group, a private equity firm that was originally founded as a family office for Roy E. Disney, later today will announce that it has raised $700 million for its fourth flagship fund....
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TPG Is Weeks Away from Closing New Mega-Fund
In late 2012, I wrote about how private equity giant TPG Capital was going to have troubles raising its seventh flagship fund (which wasn’t yet in market), primarily due to poor performance. Two years...
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NGP Vets Form New Energy-Focused Private Equity Firm
Michael Lebourgeois is quietly moving on from NGP Energy Technology Ventures, in order to form a New Orleans-based private equity firm called Black Bay Energy Management. Lebourgeois (who did not...
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Battery Ventures Raises $950 Million for New Fund
Venture capital investments and valuations may be on the decline, but venture capital fundraising is doing just fine. Case in point is Battery Ventures, which today will announce that it has raised...
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The New York AG’s Private Equity ‘Scandal’ That Isn’t
Several media outlets last week reported on $125,000 in recent campaign donations made by California-based private equity executive Robert Smith and his wife to Eric Schneiderman, the New York attorney...
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Who Will Buy Yahoo?
Yahoo Inc. is on the block. Again. The last time we went through this was in 2011, when several private equity firms kicked the tires pretty hard, but ultimately bounced off. This time the board seems...
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California Proposes Law To Expose Private Equity’s ‘Secret’ Fees
California’s public pension systems have at least $50 billion committed to private equity, and now a state legislator is asking for more transparency. Assemblyman Ken Cooley (D-8th District) has...
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Why Fiscal Conservatives Should Be Panicking on Super Tuesday
Fiscal conservatives should start panicking right...about...now. Last Thursday's Republican primary debate in Houston may have been entertaining for socialists with a serious case of schadenfreude, but...
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Why the VC’s Are Alright—And Always Will Be
William Cohan's recent cover story in Fortune argued that "a reckoning is coming in the tech world." That prediction may or may not come true, as research shows that even expert forecasts are often...
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Exclusive: Jack Daly Leaving Goldman Sachs for TPG
Goldman Sachs partner John “Jack” Daly has resigned in order to join private equity firm TPG Capital as head of industrials, Fortune has learned. He will begin his new role later this year, at which...
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Did Private Equity Firms ‘Strip’ Gambling Empire Caesars Before It Went...
A former Watergate prosecutor is due to release a report on a court-ordered fraud investigation into a series of corporate deals involving Caesars Entertainment that could break a deadlock in one of...
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Exclusive: TJ Carella Leaving Goldman Sachs for Warburg Pincus
Thomas “TJ” Carella is joining private equity firm Warburg Pincus after leading healthcare investments for Goldman Sachs, Fortune has learned. At Warburg Pincus, Carella is expected to work with fellow...
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Exclusive: Dave Johnson Leaves The Blackstone Group
Dave Johnson has stepped down as a senior managing director with The Blackstone Group BX , Fortune has learned from multiple sources. He had joined Blackstone to lead tech investing in early 2013 from...
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Apollo Management Is Buying Fresh Market for $1.36 Billion
Specialty grocery retailer Fresh Market said on Monday it agreed to be acquired by private equity firm Apollo Global Management for about $1.36 billion in cash. The $28.50 per share offer represents a...
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These Deals Show Why the M&A Bubble Won’t Pop Soon
A telltale sign of a merger mania: A raft of investment firms jump into the M&A market and start outbidding acquirers that are buying companies in their own businesses. On Monday, the signs of...
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Micro Focus Shells Out $540M for Serena Software
The British enterprise software company Micro Focus mcfuf is buying San Mateo, California-based Serena Software, it said Tuesday. Serena Software specializes in so-called application lifecycle...
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