In Second Opinion, Sysco may face about $1 billion in costs if US Foods merger falls through, Harvard faces an admissions bias complaint from Asian-Americans and Dzhokar Tsarnaev gets the death penalty in the Boston Marathon bombing.
Ride-sharing company Lyft Inc said it raised $150 mln, led by a $100 mln investment from activist investor Carl Icahn’s Icahn Enterprises LP.
First Read ends the week with news Google’s self-driving cars will start testing on public roads this summer, Netflix is reportedly in talks to enter China and blues legend B.B. King dies at 89.
He didn’t drop a bombshell like his predecessor did a year ago, but Marc Wyatt, the SEC’s top examiner for the private equity industry, said the regulator continues to see problems that need to be fixed.
Lawrence Kochard, chief executive officer and chief investment officer at the University of Virginia Investment Management Co, hates your fund structure.
Many times private equity firms provide an exit for entrepreneurs who don’t have anyone to take over their businesses. But the situation with Mud Pie LLC shows that it’s possible to get your company back from private equity.
Angel investors pulled back a bit in 2014 with fewer dollars going to U.S. startups. Investments still added up to a healthy $24.1 billion, but were down 2.8 percent from 2013, according to a study.
In Second Opinion, Avon says the takeover bid that made its stock surge was a hoax, Pimco’s equities chief is set to leave next month and led by interim CEO Ellen Pao, Reddit announces an anti-harassment policy.
Pexco LLC, a portfolio company of Odyssey Investment Partners, said Thursday it has sold its aerospace business to TransDigm Group Inc for about $496 million in cash.
First Read starts your morning with news that AOL CEO Tom Armstrong stands to gain $180 million as a result of the Verizon deal, hackers are draining bank accounts via the Starbucks app and Australia tells Johnny Depp to remove his dogs from the country or else.
The U.S. SEC is scrutinizing whether limited partners in funds subject to secondary transactions are getting bad deals, according to Igor Rozenblit, co-head of the Private Funds Unit in the SEC’s Office of Compliance Inspections and Examinations.
The U.S. Securities and Exchange Commission on Wednesday announced fraud charges and an asset freeze against a Connecticut venture capital executive previously charged with insider trading, and now accused of cheating his own clients out of tens of millions of dollars, Reuters News reported.
In Second Opinion, Danaher plans on buying Pall Corp for $13.8 billion and splitting the business into two, a venture capitalist at Oak Investment who had been arrested for insider trading is now accused of defrauding his firm and Starwood has launched a new hotel brand for luxury-seeking millennials.
First Read kicks off your morning with news that an Amtrak train derailed in Philadelphia, killing at least 5, Patriot Coal files for chapter 11 bankruptcy again and Cablevision will reportedly drop its $1 bid for the New York Daily News.
Maria Kozloski, longtime head of private market investments at Lockheed Martin’s corporate pension, has taken on a new role: global head and chief investment officer, private equity funds, at International Finance Corp.
A year after buying Accuvant Inc, the Blackstone Group appears to be getting its money back.
In Second Opinion, AOL may spin off Huffington Post as part of Verizon acquisition deal, the number of Christians in the U.S. has dropped says new survey and a UVA dean files a defamation lawsuit against Rolling Stone.
TPG Capital LP partner John Marren has a reputation for savvy technology investments and for leading the private equity firm’s technology buyouts team. Since the beginning of last year, though, he has been taking a less prominent role, according to TPG documents reviewed by Reuters News.
