August 6, 2013 - Bear baiting was a favorite of both Henry VIII and Elizabeth I. They even built a specialized pit, the Bear Garden, at Bankside in London that could seat up to 1,000 bettors. The bear was attached to a post in the pit and several English bulldogs were tossed in to carry out the “worrying” cited above.
June 30, 2013 - In Q2 2013, there were 84 venture backed M&A transactions with $3.0B in disclosed deal value. Number of transactions continued to decline by 8% on a rolling four quarter basis, while disclosed value also fell by 17%. The fall in disclosed value may partly be due to a decline in the percentage of deals with disclosed value from 24% to 22% over the same time period.
June 30, 2013 - There were 913 venture capital deals in the US in Q2 2013 totaling $6.7B. This represents an increase over Q1 2013, but continues a slight decline of 3% in dollars raised on a rolling four quarter basis. 302 of the deals in Q2 2013 were first time financings, which totaled $1.1B. First time financings as a percentage of all venture deals increased slightly from Q1 2013 to represent 33% of deals and 17% of dollars raised.
June 30, 2013 - In Q2 2013, 44 US venture capital funds raised $2.9B, which was a 4% decrease in number of funds and an 18% fall in capital raised on a rolling four quarter basis. Consequently, average fund size also fell 15% to just $82MM.
May 9, 2013 - One of the highlights of last week was that the European Central Bank cut its benchmark policy rate by 25bp, to 0.5%, to counter mounting disinflationary pressure resulting from the ongoing euro area recession, with economic weakness increasingly spreading to core member states (Germany and France specifically) . The rate cut had been widely anticipated and largely priced in and the EUR – USD currency pair traded off slightly on the news. Also the euro area unemployment rate rose 0.1pp to 12.1% in March, reaching a new all-time high since the series started in 1993. It is not widely anticipated that the Labor market will improve significantly any time soon in the EUR area.
March 31, 2013 - There were 77 venture backed M&A transactions in Q1 2013 with $984MM in disclosed deal value. The number of transactions fell 4% on a rolling four quarter basis, while disclosed value fell 12%. However, the value of only 13% of transactions was disclosed in Q1 2013, while in 2012 the deal value was disclosed for an average of 26% of transactions. Consequently, the decrease in disclosed value is not necessarily representative of the health of the M&A market.