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JMI Equity Names New General Partners

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San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has promoted Suken Vakil and Randy Guttman to General Partner. Guttman ha been at JMI since 2007, and has been CFO of the firm since 2013; he had previously been at EY. Vakil is based in San Diego, and Guttman is based in Baltimore.

Equity 113
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Private Equity Firm Set To Sell Hulu Stake, Says Report

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A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion.

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Centerfield Buys Business.com and Savings.com

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Los Angeles-based Centerfield, a marketing and customer acquisition company backed by private equity investor Platinum Equity, says it has acquired both Business.com and Savings.com. The company was acquired by Platinum Equity in December 2019. Financial details of the acquisition were not announced. for the domain name.

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Lovell Minnick Partners Buys SRS Acquiom

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Lovell Minnick Partners , a private equity investor which has one of its offices in Los Angeles, has acquired a majority of SRS Acquiom , a provider of technology-enabled services for the mergers and acquisition (M&A) market. The company said its customers include venture capital firms, private equity firms, and corporate acquirers.

Equity 133
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Hulu Investor Gets Big Gain As It Sells Stake Back To Hulu

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Private equity firm Providence Equity Partners has sold its 10 percent stake in Hulu , the firm said Friday morning, getting a nice return on its investment in the online video streaming site. Providence Equity Partners had invested $100M in Hulu in 2007, and reportedly sold back its stake for $200M to the company this week.

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Praying to the God of Valuation

Both Sides of the Table

2001–2007: THE BUILDING YEARS The dot com bubble had burst. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). Until we weren’t. Nobody cared about our valuations any more. The tide has gone out.

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Internet Brands Buys High Gear Media

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High Gear Media had been founded in 2007. Internet Brands was acquired itself earlier this year, by private equity firm KKR. High Gear Media''s automotive publications include The Car Connection , Motor Authority , and Green Car Reports. READ MORE>>.