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How vulture capitalists ate Toys 'R' Us
“Just before the buyout, the company had $2.2 billion in cash and cash-equivalents. By 2017, its stockpile had shriveled to $301 million, even as its debt burden ballooned from $2.3 billion to $5.2 billion. Meanwhile, Toys 'R' Us was paying $425 million to $517 million in interest every year. This enormous cash drain probably made it impossible for the company to invest or innovate even if its trio of buyers had been up to the challenge.”

Debt is its own disruption.
pe  toys  bain  numbers  retail 
march 2018 by cote
The FWhat Koch's $2.5 Billion Infor Investment Means For IBM i
"The company says it has 66 million cloud users, and that cloud-based subscription now accounts for half of its revenue. Those are pretty significant figures for a business that's just several years old."
infor  ERP  cloud  momentum  pe 
november 2016 by cote
Untitled (
RT : Where does Symantec's Info Mgmt business ultimately end up? And was EMC sniffing around it? $SYMC $EMC
october 2014 by cote
Carl Icahn 2.0: an icon of '80s greed is back to shake up Silicon Valley | The Verge
Over the last decade, through a series of successful moves, Icahn has become the sole force behind Icahn Enterprises LP, a diversified holding company that puts him in command of roughly $24 billion in capital. “As essentially the wealthiest individual hedge-fund manager of all time, he is in an extremely rare position,” explains Brown. “Nobody can tell him what to do or what not to do.” … “Tech companies have gotten away for far too long with far too much cash on their balance sheets,” says Kedrosky. “I applaud Carl for forcing people to think hard about why they are carrying so much, and for pushing them to return some of it to investors.”
via:ifttt  from:tumblr  carlichan  pe  investors  m&a  link  tumblr:link 
february 2014 by cote
Hedge Fund Guru Bets Against IBM over Cloud Computing | Business Technology Solution Sales content from The VAR Guy
Indeed, the numbers may back him up—cloud computing sure seems to be squeezing the vendor’s hardware business. The most recent evidence is clear: In Q3 2013, IBM’s systems revenue fell 19 percent, with its Power line falling 38 percent, System x sliding 18 percent and storage falling 11 percent. Among its hardware platforms, only System z mainframe server products showed some life, with a 6 percent uptick.
via:ifttt  from:tumblr  ibm  pe  numbers  cloud  disruption  link  tumblr:link 
november 2013 by cote
Report Says BlackBerry Giving Up Bid to Sell itself, Will Replace CEO - Ina Fried - Mobile - AllThingsD
That former Sybase CEO, John Chen, did a good turn around job at Sybase a company that was similarly in the wrong side of market disruption but had deep enterprise but in. Moore profile that turn around in Escape Velocity (an excellent book on the topic of reviving flatlined tech companies): he took Sybase from a $2.2B market cap to a $5.8B acquisition by SAP in three years.
via:ifttt  from:tumblr  bbm  rim  execs  mobile  funding  investments  blackberry  PE  link  tumblr:link 
november 2013 by cote
A Microsoft First: Activist ValueAct Gets a Board Seat -
With a short, but pretty good overview of who ValueAct is. PE firms are getting all up in aging software companies: I’m tapping away at a slightly longer commentary on that: it feels like the next few years will see a lot of private equity getting all up in tech companies grits, esp. as the next wave of companies take over, leaving the current kings disrupted with lots of value “locked” in organizations that "blew it."
via:ifttt  from:tumblr  pe  valueact  microsoft  link  tumblr:link 
september 2013 by cote
Former Dell exec to focus on tech for Blackstone
"He reportedly oversaw the company spend about $10 billion on more than 20 acquisitions since joining Dell in mid 2009."
execs  Dell  DaveJohnson  pe  Blackstone  strategy 
january 2013 by cote
Best Buy Founder Offers to Buy Company
I'm interested in why Wall Street wont let this improvement happen, that is, why they have to go private.
backoff  bestbuy  goingprivate  retail  pe 
august 2012 by cote
Web site sleuths
Review of the web transaction part of PATROL Express (via Brandon)
pe  bmc  sysmgmt  via:bwhichard 
march 2005 by cote

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