News & Analysis

US INVESTMENT BANK HARRIS WILLIAMS WILL BE BOUGHT BY PNC FINANCIAL, BUT THE INTERMEDIARY MIDDLE MARKET REMAINS HIGHLY FRAGMENTED

A NEW TAX POLICY IN CANADA'S LARGEST PROVINCE LEVELS THE PLAYING FIELD FOR TRADITIONAL VENTURE CAPITAL FUNDS

In the beginning was the word 2005-10-01 Staff Writer You'll find in the October issue of Private Equity Manager many examples of the difference between theory and practice, written rules and applied policy the letter of the law and the spirit of the law.<br /><br />Private equity is based on par

INDUSTRY FRONTLINE 2005-09-01 Staff Writer Marsh Europe names new head of private equityMarsh, the global risk and insurance services firm, has named Edwin Charnaud as its new European practice leader for private equity and M&A. Charnaud, who will be based in Marsh's Eur

THE INCOMING CHIEF EXECUTIVE HAS LARGE SHOES TO FILL AND A SUPERSIZED MARKET TO DEAL WITH

?What forms of investor communications are strictly electronic?? 2005-09-01 Staff Writer <bold>John DiBello,</bold>General Partner, COO and CFO US Operations, TVM, Boston:<br /><br />Several years ago, TVM began distributing its quarterly reports in electronic form. Investors are sent

The Riverside Companyhas made a name for itself in the smaller end of the middle market. The private equity firm invests in multiple industry sectors, typically targeting companies valued between $10 million and $100 million. The firm today manages approximately $1.3 billion in capital and last year closed a $750 million fund, The Riverside Capital Appreciation Fund ‘03. Since 1988, the firm has invested in 112 transactions with a total value of $2.1 billion, and currently counts 38 separate businesses in its portfolio. Its growth over the years has included branching out not only to different parts of the US, but also Europe-today, Riverside operates out of six offices, outside its New York and Cleveland headquarters, in Dallas, San Francisco, Budapest, Prague, Warsaw and Munich. Such a large and complex organization obviously requires a high level of administrative oversight, which is spearheaded by a dedicated chief administrative officer. Leslie Hardin shares her thoughts on running a multi-office, multi-country private equity operation.

Top quartile matters 2005-09-01 Staff Writer Speaking at the 2005 Private Equity Strategic Financial Management Conference, Clinton Harris, the founder of Wellesley, Massachusetts private equity consulting firm Grove Street Advisors, presented statistics showing the dramatic effect that exposure to top quart

Big team, little team 2005-09-01 Staff Writer <tr><td>Less than 3</td><td>50%</td></tr><tr><td>3 to 5</td><td>25%</td></tr><tr><td>5 to 10</td><td>25%</td></tr></table><tr><td>Less th

Recruiting and retaining talent for the finance function is becoming increasingly challenging, as private equity firms encounter greater competition from hedge funds and from within their own industry. By Art Janik, Associate Editor