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A credit crunch may be clogging the pipeline of multibillion-dollar leveraged buyouts, but the tightening of the credit markets has not yet closed the middle market. In the hopes that dealflow there will continue to hum along, private equity firms such as Silver Lake Partners and General Atlantic LLC may be getting ready to go on acquisition sprees of...

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For all the technology companies that have embraced the acquisitive aspirations of private equity firms, there might be a lesson in EMI Group plc's $4.9 billion buyout by Terra Firma Capital Partners Ltd.: barricade the corner office. The private equity shop announced Wednesday that EMI CEO Eric Nicoli will be leaving the company prior to the deal closing and...

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Boston Corporate Finance certainly isn't afraid of clambering out on a market-withered limb. The investment bank predicts flatly in a new report on recent technology M&A that buyout firms will continue making big acquisitions this year despite turmoil in the credit and debt markets. Citing strong growth among tech companies, robust corporate profits and investors' need to deploy capital,...

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After posting a net loss in 2006, CompuDyne Corp. took perhaps the best route possible: It decided to go private. The company, which develops security and integration technology for the public security markets, agreed Monday to be acquired for $59.1 million by an investor group consisting of affiliates of Los Angeles-based the Gores Group LLC and industry executive Stuart...

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New York private equity firm Quadrangle Group LLC on Wednesday said that former Yahoo! Inc. chief operating officer Daniel Rosensweig has joined the firm and will open an office in Silicon Valley. Rosensweig was pushed out of Yahoo! last December during a companywide reorganization. Prior to his stint at Yahoo!, Rosensweig was president at CNET Networks Inc. Quadrangle also said...

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In the ever-expanding consolidation of online properties, Internet advertising firm ValueClick Inc. and recruitment Web site Monster.com have been viewed as potential buyout candidates. On Monday, they gained another thing in common: Each reported disappointing earnings. Yet despite that similarity, ValueClick's buyout prospects are waning, while Monster's are heating up. Shares of ValueClick were down more than 25% midday after the...

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Robert Reich contends in this recent post that the wizards of finance, not of product innovation, rule the U.S. economy today. "Problem is, financial entrepreneurship is becoming more and more dominant in the economy," he says. "Thirty years ago, finance was the handmaiden of American industry. Now industry is run by finance. For every budding Steve Jobs or Bill...

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The barbarians have stormed the gate, taken the boardroom and commandeered the executive bathroom. The latest corporate honcho to fling himself on the private equity bandwagon is former MCI and Compaq Computer Corp. CEO Michael Capellas, who is joining Kohlberg Kravis Roberts & Co. portfolio company First Data Corp. as chief executive. Capellas joins a procession of top management...

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Venture capitalists increasingly are throwing down with private equity folks. Dixon Doll, co-founder and general partner of VC firm Doll Capital Management, the Silicon Valley investor who is the next in line to serve as chairman of the National Venture Capital Association, did not pull any punches recently when he addressed an East Coast conference, reported PEHub.com earlier this...

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The deal reached last month by troubled handset maker Palm Inc. to sell a 25% stake to private equity firm Elevation Partners for $325 million was widely viewed as a compromise by a company that could not find an outright buyer. Palm confirms as much in a recent regulatory filing. According to Barron's, multiple partners, including Elevation, considered but rejected...

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