Internet media company Internet Brands this morning announced that it has entered into a definitive merger agreement to be acquired by an affiliate of private equity investment firm Hellman & Friedman Capital Partners VI in a transaction valued at approximately $640 million.
Under the terms of the agreement, stockholders of NASDAQ-listed Internet Brands will receive $13.35 in cash for each… → Read More
According to just released Dow Jones LP Source figures, U.S. private equity fund-raising closed out its worst year for fundraising since 2003, with 331 funds raising a mere $95.8 billion in 2009. That’s down 68% from the $299.9 billion raised by 508 funds in 2008.
Zooming in on the past quarter (Q4 2009), Dow Jones LP Source figures show PE firms raised $20.5 billion in 75 funds, down 80% from… → Read More