Posts with tag ParisHilton
Posted Feb 28th 2008 12:15PM by Jon Ogg
Filed under: Engagements, Venture capital industry, Private equity industry
Investment conferences are usually pretty dull stuff. A dozen or so execs from small firms get 20 minutes each to stand up at the podium, run through a PowerPoint presentation and try to convince investors to throw some cash their way. Many investment banks hold them, often specializing in a particular sector.
Now the porn industry is getting what may be its first investment conference. Investment firm AdultVest has announced that it will schedule a series of ongoing meetings to bring potential investors together with business opportunities in the adult entertainment sector. This represents what may be the first go-to gathering for investors interested in adult-oriented businesses. If you're interested, here's your opportunity to be a porn mogul.
These two-day events will no doubt be a little spicier than the usual investment conference fare -- and in a sign of how popular AdultVest expects them to be, the firm will hold them every month. The press release also promises that, as the popularity of these meetings grows, they will be held in new venues like, "hotel meeting rooms, private estates, and private members clubs."
Continue reading Want to be a porn mogul? Investment firm to hold monthly meetings to attract, uh, capital
Posted Jul 5th 2007 11:15AM by Peter Cohan
Filed under: Deals, From the boards, Management, Private equity, Hilton Hotels (HLT), Marriott Intl'A' (MAR), Financials and analyticals, Shareholders, Blackstone Group L.P (BX)
Tuesday night two of America's biggest stars -- Napoleon -- a.k.a. Blackstone Group LP's (NYSE: BX) CEO Steve Schwarzman and Paris Hilton collided. The reason? The Wall Street Journal reports that Blackstone won a $20 billion bid to acquire Hilton Hotels Corp. (NYSE: HLT).
How much of this $20 billion will go to Paris? Nobody knows. However, the Conrad N. Hilton Fund, controls about 5.3% of Hilton's shares outstanding. If the Blackstone deal goes through, that stake will be worth about $990 million. Conrad has 8 children, including Paris's dad. Assuming that all the kids get an equal share, Paris's dad would get about $125 million -- if that figure was eventually split between Paris, and her sister, Nicky, Paris would receive over $60 million.
This spring a group of students in one of my classes delivered a presentation on the hotel industry. One of the students in that group predicted that Marriott International, Inc. (NYSE: MAR) and Hilton could get taken over by private equity. Another student commented, with apologies to Paris Hilton, "That's Hot!"
Peter Cohan is president of Peter S. Cohan & Associates, a management consulting and venture capital firm. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in the securities mentioned in this post.
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