Deal Data September 2009

By admin | Published: September 30, 2009

Private Placements: Biotech had a busy month in September. Ten of the 25 private placements and 42% of private placement volume were Biotech related.  Sleep Solutions, which raised $20M and works structurally with sleep apnea, is classified Healthcare.  If you combine these two related categories, Healthcare-Biotech was the overwhelming recipient of dollars in September.  Read More »

Posted in Deal Data | Tagged , , , , | Leave a comment

Deal Notes September 2009

By admin | Published: September 30, 2009

VirtuStream Inc., 9/1/09 private placement. Columbia Capital and Florida based Blue Lagoon Capital put some big second round money ($25 million) behind this Bethesda IT services company… Read More »

Posted in Deal Notes | Tagged , | 1 Response

(Untitled)

By admin | Published: September 30, 2009

ICF International, 9/14/09 public shelf filing.  ICF International filed a Shelf Registration for $200 million.  Very interesting for a number of reasons.  Read More »

Posted in Deal Notes | Tagged , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

Smithfield Foods, Inc., 09/16/2009 follow-on offering. Here is a something you don’t see often.  A Smithfield Foods (Smithfield, VA) director resigned because he disagreed with the $300 million follow-on offering that the company completed in September.  Read More »

Posted in Deal Notes | Tagged , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

CEL-SCI Corporation, 9/16/2009 PIPE.  PIPE stands for “Private Investment in Public Equity.”  In current times, PIPE investors are often private equity funds of various stripes, including ones with the misnomer “hedge funds.”  Read More »

Posted in Deal Notes | Tagged , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

Iridium, Iridium, 9/29/2009 sale of company & IPO. In a somewhat complicated deal (we’ve seen worse), a Greenhill (investment bank) sponsored SPAC (Special Purpose Acquisition Company) acquired the up and down (yes, a pun) satellite company Iridium for $539M (a unique Chessiecap calculation).  Read More »

Posted in Deal Notes | Tagged , , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

SkyTerra Communications, Inc., 9/23/2009 sale of company.   This is another buyout of another local satellite company for approximately the same transaction value as Iridium—all in the same week.  Read More »

Posted in Deal Notes | Tagged , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

Mini-Notes.   Sleep Solutions (SSI) (9/22/2009) raised a respectable $20M led by new money from Quaker BioVentures near Baltimore.  SSI is developing technologies for the sleep apnea market, Read More »

Posted in Deal Notes | Tagged , , | Leave a comment

News Notes September 2009

By admin | Published: September 30, 2009

American Capital Ltd (Nasdaq: ACAS) is one of the most unheralded and downright ignored finance stories in the Mid-Atlantic.  In the past decade, American Capital has added scores of middle market acquisitions and investments to its portfolios, Read More »

Posted in News Notes | Tagged , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

Columbia Capital, since 1989, has been one of the premier private equity funds and citizens in the Mid-Atlantic.   People have often wanted Columbia to be more than it is and have come away disappointed when Columbia sticks consistently to its knitting Read More »

Posted in News Notes | Tagged , | Leave a comment

(Untitled)

By admin | Published: September 30, 2009

CalPERS stands for California Public Employees’ Retirement System.  It is one of the powerhouses of investing in America, placing tens and hundreds of millions of dollars at a throw in only the largest and best known private equity firms Read More »

Posted in News Notes | Tagged , , , , | Leave a comment

Commentary September 2009

By admin | Published: September 30, 2009

Investment Bankers as Heroic Figures.  You may have heard recently that the BBC Radio has produced a fictionalized dramatic account of the attempt to save Lehman Brothers with top actors playing former Treasury Secretary Henry Paulson and Lehman CEO Richard Fuld.  I had to laugh on several levels.  I was a junior officer at Drexel Burnham during its final days, and Drexel’s demise, as seen from the inside, was not fodder for Hollywood, unless you were producing a farce.  Read More »

Posted in Commentary | Leave a comment

  • The Black & Decker Commentaries

    For the complete, downloadable commentaries on the sale of Black & Decker to The Stanley Works, see the Commentaries tab above.

  • Comments to Chessiecap are Welcome

    Click on PRIVATE COMMENTS tab above.