Crowdtap nabs $5 mln Series B funds

Crowdtap has received $5 million in Series B funding. Foundry Group led the round with participation from Tribeca Venture Partners, Alta Communications and The Mustang Group. Based in New York City, Crowdtap is a social influence marketing platform.

The 451 Group Acquires Yankee Group

The 451 Group, the New York-based parent of 451 Research and Uptime Institute, has announced it is acquiring the research, data, and advisory firm Yankee Group from the Boston-based private equity firm Alta Communications. Terms of the deal are not being disclosed.

UBM Medica Sells Consultant Print to HMP Communications

UBM Medica has sold the Consultant Print Group to HMP Communications. Financial terms were not announced. HMP’s investors include Alta Communications and Susquehanna Private Equity Investments. News of the deal was announced by Berkery Noyes which advised UBM.

Yankee Group Raises $10 Million

Yankee Group, a Boston-based market research company, has raised $10 million in new private equity funding from majority shareholder Alta Communications. The capital will be used to support ” the strategic expansion of its research on the impact of global connectivity.”

Bluewater Broadcasting Files for Bankruptcy

Bluewater Broadcasting LLC, a Montgomery, Ala.-based radio broadcaster backed by Alta Communications, has filed for Chapter 11 bankruptcy protection. The company has between $10 million and $50 million in liabilities. www.altacomm.com


Middle Market Buyout Pros Contemplating Debt Funds

The big surprise from my evening with a group of middle market buyout pros assembled by Pepperdine’s Graziadio School of Business and Management was that two out of the three had discussed launching debt funds. Something like a quarter of all middle market buyout deals done are financed by GE Capital, the panelists told nearly […]

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