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Private equity notes and comments

Investments gone bad – to remember or not

December 3, 2013 | By

Washington Mutual, the Seattle based thrift that imploded in the fall of 2008 is famous in the PE world for being one of bigger PE-busts of all time. Between April and September of 2008, mega firm TPG saw $1.35 billion dollars vanish when the Government took control. While WaMu is one deal TPG would like [...]

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Unsponsored vs Sponsored – How to tell if a private equity firm is funded

October 8, 2013 | By

One of the biggest differences amongst firms, notably between new firms and experienced investors, isn’t so much access to capital, it’s whether a firm actually has capital (or rather a dedicated fund to invest from). There are several names to describe firms without a fund. The most common is simply unfunded or unsponsored. Unsponsored firms [...]

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Whatever happened to 10x EBITDA being ‘rich’?

July 25, 2013 | By

Private equity firms constantly scratch their heads at the valuations VC firms throw at startups with scant revenues and nothing but promise. However, with rumors that heavyweight TPG Capital is considering investing in car logistics service Uber at a $3.5 billion valuation, the tables have officially turned. Uber, formed in 2009 has been on an [...]

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PrivateEquityFirms.com 3.1

June 2, 2013 | By

Last December, we released a major upgrade to the PrivateEquityFirms.com platform.  Much of what we did was behind the scenes and however minimal the actual site improvements appeared, the upgrade was necessary as it laid the eventual groundwork for future enhancements. Well, after several long winter months of hard work – I’m proud to say [...]

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Cerberus’ Intent to Sell Freedom Group Isn’t a Watershed Moment in Private Equity

December 20, 2012 | By

The Remington Factory based in Madison, North Carolina. Remington is a unit of the Freedom Group, owned by Cerberus Capital. Eliot Spitzer and a few others think that Cerberus Capital Management’s decision to sell Freedom Group is a good sign— that if you pair an enraged public with a tuned-in LP, you can force private equity [...]

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In Private Equity, Harvard, UPenn, and Stanford Reign Supreme

December 19, 2012 | By

See the full list of schools below.  You shouldn’t be surprised by this post’s title.  In private equity, after all, hiring alumni from top universities is a simple way to handle two issues that every firm faces:  (1) making investors (prospective or not) confident in its capacity to produce returns; (2) actually producing those returns. [...]

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A Revealing Map of Private Equity Firms in New York City

December 12, 2012 | By

You’d be right to guess that New York City is the epicenter of private equity.  But that, it turns out, is like saying that the cradle of golf is the UK, not Scotland, or that Giants territory is California, not San Francisco.  See the map below? Not a single firm has its central office outside [...]

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10 Largest Private Equity Backed Private Companies – 2012

December 7, 2012 | By

Truckstop Pilot Flying J takes the top spot as the largest pe-backed company in America. Culling Forbes’ annual list of America’s largest privately owned companies, it’s about time we revisited the largest of which are private equity-backed. End of the year and all that. Anyway, the list isn’t all that surprising, and it’s remarkably similar [...]

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Private Equity in Minnesota

December 4, 2012 | By

Alumacraft Boat Co., based in St. Peter, Minnesota, was purchased in early 2012 by New York City-based Corinthinian Capital. To help showcase data found in the PrivateEquityFirms.com database, we’re going to begin breaking down info on a state, sector, and country level. There are a number of ways to slice, dice, and filter info in the [...]

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Introducing PrivateEquityFirms.com 3.0

December 4, 2012 | By

Yes, we’ve gone through a re-design. However that’s only part of the story as we’ve also gone ahead and rebuilt the entire backend of the site as well. It’s been a significant project, but we felt a re-build was the best way to take our increasingly popular platform to the next level. Don’t fret too much [...]

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