In a banner year for activist investors, no one is doing better than Carl Icahn.
Time Magazine this week has Carl Icahn on its cover, arguing that he has become the most important investor in America. Not only because he's gently taking on the nation's most iconic tech companies, Apple Inc. (AAPL), but because he's got the best returns among a group of activist investors who are reshaping a stagnant corporate MOREDan Primack - Dec 5, 2013 8:01 AM ET
Rosanne Zimmerman leaves private equity firm after 15-year run.
FORTUNE -- Rosanne Zimmerman has stepped down as a managing director with private equity firm Warburg Pincus, Fortune has learned.
Zimmerman joined Warburg Pincus in 1998 to focus on fundraising and investor relations, and was the firm's primary contact with large limited partners like the New Jersey State Investment Council.
She previously had worked for GE Capital's structured finance group, and is a steering committee member of MOREDan Primack - Dec 3, 2013 4:09 PM ET
Hedge fund manager Topturn Capital creates a surf-inspired video ad.
FORTUNE -- Topturn Capital has become the first hedge fund manager to create and publish a public advertisement for its services, more than two months after the SEC lifted its decades-old ban on general solicitation.
The ad, first noticed by Buzzfeed, focuses on the similarities between a "top turn" surfing maneuver and the Monterey, Calif.-based firm's proprietary investment strategy, which includes MOREDan Primack - Dec 3, 2013 3:30 PM ET
Credit Suisse continues to shed private equity assets.
FORTUNE -- Credit Suisse (CS) has agreed to sell its remaining limited partnership interests in DLJ Merchant Banking Partners, a private equity group that it originally acquired via the bank's 2000 purchase of Donaldson, Lufkin & Jenrette. The buyer is Coller Capital, a private equity firm focused on secondary transactions.
Bloomberg News had reported on negotiations back in July, and yesterday the Federal Trade Commission disclosed MOREDan Primack - Dec 3, 2013 2:08 PM ET
In August, Thoma Bravo bought Digital Insight for around $1 billion. Yesterday, it agreed to sell it for $1.65 billion.
FORTUNE -- NCR Corp. yesterday announced agreed to acquire Digital Insight Corp., a Silicon Valley provider of online and mobile banking solutions, from private equity firm Thoma Bravo for $1.65 billion. Yes, the same Digital Insight that Thoma Bravo acquired a scant three months ago from Intuit for $1.065 billion (including MOREDan Primack - Dec 3, 2013 11:27 AM ET
Mike Duda is ditching his VC duds to run creative agency Johannes Leonardo. But his equity-for-service model may live on.
FORTUNE -- Creative agency Johannes Leonardo last week announced that it had hired Michael Duda as its CEO. If that name sounds familiar, it's probably because Duda has spent the past few years running a small New York venture capital firm called Consigliere, which he co-founded in 2010 alongside basketball star Steve Nash. Before that, Duda MOREDan Primack - Dec 2, 2013 3:31 PM ET
Oppenheimer & Co. wants to put its private equity scandal behind it. Well, sort of.
FORTUNE -- We're written a lot over the past couple of years about how a private equity unit of Oppenheimer & Co. once inflated the valuation of one of its investments, in order to help market a new fund. The SEC later charged Oppenheimer with misleading investors, and the firm agreed to pay a penalty, return money to investors and be censured. MOREDan Primack - Dec 2, 2013 2:22 PM ET
A whistleblower has accused private equity firms of violating securities laws. What does it mean?
FORTUNE -- For decades, private equity funds have collected "transaction fees" from their portfolio companies, often related to mergers or initial public offerings. Sometimes they share with their investors, sometimes they don't. Sometimes the fees are for tens of thousands of dollars, sometimes for tens of millions. Either way, the practice gooses positive returns and lowers the MOREDan Primack - Dec 2, 2013 12:14 PM ET
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Xagenic Inc., a Toronto-based developer of a lab-free molecular diagnostic platform, has raised C$20 million in Series B funding. Domain Associates led the round, and was joined by return backers CTI Life Sciences Fund and the Ontario Emerging Technologies Fund. www.xagenic.com
MetaPack, a UK-based provider of delivery management solutions for retailers, has raised £20 million in growth equity funding MOREDan Primack - Dec 2, 2013 11:10 AM ET
Time Inc. is being spun out of Time Warner. It isn't going to be pretty.
FORTUNE -- [This post requires a disclaimer right up top: I work for Fortune, which is published by Time Warner magazine subsidiary Time Inc. The man pictured above is my boss's boss's boss's boss. Well, at least until Time Warner spins out Time Inc. early next year. Got all that? Okay, moving on.]
Fingers crossed. That was MOREDan Primack - Nov 26, 2013 3:34 PM ET
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