On the financial sector radar this week: Family offices are increasingly hiring private equity professionals rather than partnering with equity firms. Health care professionals are responding to new requirements in the Affordable Care Act by investing in upgrades to their data management software.
Insights
- App-based food delivery system GrubHub announces plans to strengthen balance sheet among falling stocks.
- Oil and gas producer Chesapeake skips dividend payments in favor of reducing debt.
- Blank Rome's Mark Greenfield and Jeremy Rist recommend better education in antitrust regulations when considering M&A investments.
- Foundry Group and IA Ventures are stars in late-vintage portfolios at the University of Texas Investment Management Company.
- Boise stands a good chance of attracting adventurous VCs with an up-and-coming tech scene.
- Southern California is emerging as a growth area in venture capital.
Transactions
- New Mexico State plans to allocate up to $650 million for private equity investments.
- Craft beers are becoming increasingly popular with private equity firms.
- Blackstone and Newport are among PE firms who are fundraising this week.
- FireEye acquires cybersecurity firm iSight, which is best known for detecting Russian Sandworm hackers.
- Sports Authority was downgraded after missing an interest payment.
- Australia's Futures Fund sells $1 billion in private equity stakes.
This Day In History (Jan. 26): 1952: The World Customs Organization is founded to support the technical aspects of the World Trade Organization. Duties include creating international standards for collection of customs revenue, supply chain security, commodity classification, valuation, rules of origin and facilitation of international trade.
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