Author Archives: Dan Primack
  • When Apple's Tim Cook didn't like stock splits

    Apple is doing something Tim Cook once said "does nothing."

    FORTUNE -- Apple (AAPL)  just announced that it will do a 7-1 stock split, alongside an increased dividend (to 8%) and an increased stock buyback (from $60 billion to $90 billion).

    Who could object to such a thing? Well, except for a past incarnation of Apple CEO Tim Cook.

    During a shareholder meeting in February 2012, Cook was asked about why Apple wasn't doing MORE

    - Apr 23, 2014 4:52 PM ET
    Posted in: ,
  • Zynga founder Mark Pincus is no longer in the C-suite

    Zynga founder and former CEO steps down from operational role.

    FORTUNE -- Zynga Inc. (ZNGA) founder Mark Pincus is stepping down from an operational role at the social game-maker, nearly one year after turning over the CEO reigns to former Microsoft (MSFT) executive Don Mattrick.

    Pincus had been serving as chief product officer, and will continue to serve as chairman of Zynga's board of directors.

    In an interview with Re/Code, Pincus said that he plans to continue MORE

    - Apr 23, 2014 4:12 PM ET
    Posted in: ,
  • Ackman's Allergan play: Not insider trading, not a problem for private equity

    Bill Ackman's bold deal with Valeant Pharma isn't likely to set off alarm bells at either the SEC or private equity firms.

    FORTUNE -- Sometimes if it walks like a duck and talks like a duck, it's actually a different animal. That seems to be the lesson from yesterday's news that Valeant Pharmaceuticals (VRX) and activist investor Bill Ackman are partnering on a $50 billion takeover offer for Botox maker Allergan Inc. (AGN), MORE

    - Apr 23, 2014 12:35 PM ET
  • Ardian raises $10 billion for private equity secondaries

    Ardian just raised the largest private equity secondary fund in history. Was it really such a good idea?

    FORTUNE -- Ardian, the investment firm previously known as AXA Private Equity, today announced that it has raised $10 billion for a new fund that will mostly purchase interests in buyout funds ($9 billion for these secondaries, plus $1 billion for primary fund commitments). It is the largest capital pool ever raised for MORE

    - Apr 23, 2014 12:15 PM ET
    Posted in: ,
  • Deals of the day: Pure Storage raises $250 million

    To get deals in your inbox each morning, sign up for our Term Sheet newsletter

    Venture Capital Deals

    Pure Storage, a Mountain View, Calif.-based all-flash enterprise storage array company, has raised $225 million in Series F funding at a pre-money valuation north of $3 billion. Wellington Management was joined by return backers T. Rowe Price, Tiger Global, Greylock Partners, Index Ventures, Redpoint Ventures and Sutter Hill Ventures. The company has now raised $470 MORE

    - Apr 23, 2014 11:27 AM ET
  • Deals of the day: Botox maker gets $50 billion buyout offer

    To get deals in your inbox each morning, sign up for our Term Sheet newsletter

    Venture Capital Deals

    Principia Biopharma Inc., a South San Francisco-based developer of small molecule drugs within the fields of autoimmune disease and oncology, has raised $50 million in Series B funding. Sofinnova Ventures led the round, and was joined by return backers Morgenthaler Ventures, New Leaf Venture Partners, OrbiMed, SR One and Mission Bay Capital. The company previously raised $40 MORE

    - Apr 22, 2014 10:10 AM ET
  • Deals of the day: What will Comcast sell?

    To get deals in your inbox each morning, sign up for our Term Sheet newsletter

    Venture Capital Deals

    AdRoll, a San Francisco-based provider of digital ad retargeting solutions, has raised $70 million in third-round funding led by existing backer Foundation Capital. New investors included Institutional Venture Partners, Northgate Capital, Performance Equity and Glenmede, while other returning shareholders included Merus Capital, Accel Partners and Peter Thiel. Read more at Fortune.

    Birchbox, a New York-based monthly subscription service for MORE

    - Apr 21, 2014 7:41 PM ET
  • AdRoll raises $70 million as its expands 'retargeting' into mobile

    AdRoll has tripled its revenue run rate over the past 15 months, now at an IPO-able $150 million.

    FORTUNE -- Ad tech isn't sexy, but it still can generate a lot of venture capital dollars. Case in point is AdRoll, which this morning is announcing $70 million in new funding led by existing shareholder Foundation Capital.

    AdRoll is a San Francisco-based company founded in 2007 to focus on digital ad "retargeting," a MORE

    - Apr 21, 2014 7:26 AM ET
    Posted in: ,
  • Spectrum Equity Investors raising new fund

    Boston-based private equity firm plans to seek around $800 million for its seventh fund.

    FORTUNE -- Boston-based private equity firm Spectrum Equity Investors is heading back to market to raise its seventh fund, Fortune has learned. The target is $800 million with a $1 billion hard cap, although formal marketing documents have not yet been printed.

    The firm focuses on "information economy" companies, including within the software, information services, communications and media sectors.

    Spectrum last closed MORE

    - Apr 20, 2014 1:56 PM ET
  • Tucker Twitmyer leaves EnerTech Capital

    Energy-focused venture capitalist joins Franklin Square Capital.

    FORTUNE -- Tucker Twitmyer has left energy-focused venture capital firm EnerTech Capital Partners after a 10-year run, Fortune has learned. His next stop will be as a senior vice president with alternative investment management firm Franklin Square Capital Partners.

    Twitmyer was one of four partners listed on EnerTech's fourth fund, which closed last September with $120 million in capital commitments. He also was one of the few MORE

    - Apr 18, 2014 12:53 PM ET
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by VIP.