Posted on: December 12, 2012 by Luisa BeltranNo Comments »
Investcorp has failed to find a buyer for SourceMedia and the auction is busted, four sources tell peHUB. The process was expected to draw bids of 5x to 6x EBITDA but proposals came in at less than 5x, one PE executive says.
Posted on: February 3, 2011 by Jonathan Marino1 Comment »
Investcorp, the multinational private equity firm, sought to sell Accuity Inc. separately from parent company SourceMedia, but did not sell the asset, according to sources familiar with the auction process. Accuity sells payment solutions services, risk management optimization tools and marketing products to its customers. SourceMedia is a financial services reporting company, with little synergies to Accuity. [...]
(Reuters) – Private equity firms are sitting on $116 billion of assets trapped in so-called zombie funds that lie dormant
Author : reuters-news
Madrona Venture Group, a Seattle-based early-stage venture capital firm, said on Thursday that it has promoted Julie Sandler to principal.
Author : idorbian
The National Venture Capital Association said on Tuesday that Bobby Franklin will become its next president and CEO starting in
Author : idorbian
GutCheck has completed a $4 million Series B equity financing. This financing includes new investors, Grotech Ventures and Crawley Ventures,
Author : lbeltran
Disconnect said today that it has received $3.5 million in Series A funding. The lead investor was FirstMark Capital. Based
Author : idorbian
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