Archive for November, 2006

A Record Week

Wednesday, November 29th, 2006

The Boston Globe’s Steven Syre has a good wrap up of last week’s historic spate of dealmaking. Some accounts put the total amount at play somewhere in the neighborhood of $70 billion. An interesting excerpt here:
The amount of excess capital sloshing around the world is a big driver behind this year’s merger and acquisition boom. Some is [...]

YouTube and Private Equity

Monday, November 27th, 2006

Do you have exactly 9:17 to view the first part of an illuminating private equity keynote by an industry leader? Does your computer have speakers?
Unlike most of what you get from YouTube, this video of a recent keynote delivered by David Bonderman, Founding Partner of Texas Pacific Group, is surprisingly high-quality and the audio is crisp. Mr. [...]

Market Chatter

Wednesday, November 22nd, 2006

Two recent articles of note:
The San Francisco Business Journal runs an article airing one private equity pro’s opinion that good deals are getting harder to come by.  And The Economist notes (need subscription) that success in private equity can breed its own kind of problems.
Also, it’s worth noting that the NY Times’ Dealbook is never short of private [...]

Audax Private Equity Invests in Automotive Aftermarket

Monday, November 20th, 2006

Those of you who follow movies such as "The Fast & The Furious" know that consumers of aftermarket automotive goods and services are passionate brand advocates.  Great products and the companies that make them are rewarded with steadfast loyalty and the market is vibrant. Audax Private Equity sees value in this market as well, as evidenced by the [...]

Relationships

Friday, November 17th, 2006

Jeff Bussgang of IDG Ventures comments on the relationship between bankers, brokers and the VC community in this fresh take on where and how real value is created. As with most businesses, the dealmkaing community is relationship-based, and the human factor has a tremendous impact on whether a deal ever sees the light of day.
Sound interesting? Want to [...]

Google Finance is Back

Wednesday, November 15th, 2006

Some might remember that we took a look at Google Finance a while back and found it lagging when compared to Yahoo! Finance. Yahoo! has traditionally been the go-to site for quick, down-and-dirty stock market updates, latest financial news from the wires, etc. If you wanted a high-level summary of what is being talked about in the marketplace, Yahoo! [...]

Brave New World

Monday, November 13th, 2006

Will the PE market suddenly be flooded with your average (read: smaller) investor? In a recent article entitled "Private Equity Targets the Littler Guy", the WSJ looked at the increasing ease with which smaller, indvidual investors are getting in on deals (link here, must have subscription).
Exceprt:
Private-equity investing is a risky and expensive game traditionally played [...]

Covington Associates Advises MedPanel, Inc. in Pending Sale

Wednesday, November 8th, 2006

Covington Associates acted as the sell-side advisor to MedPanel, Inc., a medical market intelligence company, in its pending sale to MCF Corporation, a financial services holding company that provides investment research, capital markets services, corporate and venture services, investment banking, asset management and wealth management.
"We have specialized in deriving secure, compliant market intelligence from opinion-leading [...]

Harris Williams & Co. Announces Sale of MW Industries

Wednesday, November 8th, 2006

Harris Williams & Co., one of the largest M&A advisory firms in the country, announced this week the sale of MW Industries, a company specializing in the manufacture of highly engineered springs, specialty fasteners, and precision stampings, to Brockway Moran & Partners, along with management and CITIC Capital Partners.
The transaction, led by Chris Williams, Mike Hogan, [...]

EveryNetwork Hires IT Industry Veteran

Wednesday, November 8th, 2006

EveryNetwork, Inc., a leading IT services and consulting company, has hired Bill McGoldrick as General Manager of its Boston-area operations.  McGoldrick was most recently VP of Sales/Chief Operating Officer of Immediate Connections, a company specializing in the management of all audio/visual aspects for large events.  He brings 20 years of IT consulting/services to EveryNetwork.
"EveryNetwork attributes [...]