Verizon to buy AOL in $4.4 bln deal

By Luisa Beltran — 9 months ago

Verizon Communications Inc. said Tuesday it agreed to buy AOL Inc. for $50 a share, or about $4.4 billion. Tim Armstrong, AOL chairman and CEO, will continue to lead AOL operations after closing. AOL’s key assets include its subscription business as well as content brands like The Huffington Post, TechCrunch and Engagdet. LionTree Advisors, Guggenheim Partners and Weil, Gotshal & Manges advised Verizon. Allen & Company LLC and Wachtell, Lipton, Rosen & Katz provided advice to AOL.

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Roadie launches with $10 mln in Series A funding

By Chris Witkowsky — 1 year ago

Roadie, Inc, a mobile app that tries to link up people who need things delivered with drivers with unused passenger capacity in their vehicles, has raised $10 million in Series A funding. Investors participating in the funding round include UPS Strategic Enterprise Fund, TomorrowVentures, Warren Stephens of Stephens Inc., Guggenheim Partners Executive Chairman Alan Schwartz, Square co-founder Jim McKelvey, the Mellon Group and former ISS CEO Tom Noonan.

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True Fit grabs $15 mln

By Iris Dorbian — 1 year ago

Retail SaaS firm True Fit has secured $15 million in funding. Signal Peak Ventures, Promus Ventures and Jump Capital led the round with participation from previous backers Guggenheim Partners, Breakaway Ventures and Novel TMT.

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Fundrise racks up $38 mln Series A

By Iris Dorbian — 1 year ago

Washington, D.C.-based real estate crowdfunding platform Fundrise has received additional Series A funding, raising the total round to $38 million. The new investors include Guggenheim Partners and Terrence Rohan of Index Ventures.

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Guggenheim Partners-backed CardCash.com acquires Plastic Jungle assets

By Iris Dorbian — 2 years ago

CardCash.com, which is backed by Guggenheim Partners, has bought the assets of Plastic Jungle, a former gift card marketplace that was based in San Mateo, Calif. No financial terms were disclosed. According to terms of the transaction, CardCash.com will acquire Plastic Jungle’s technology infrastructure, business partnerships and domain name, PlasticJungle.com.

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NTE Energy nabs funding from Capital Dynamics and Wattage Finance

By Iris Dorbian — 2 years ago

NTE Energy has secured an undisclosed investment from Capital Dynamics and Wattage Finance, which is backed by an affiliate of Guggenheim Partners. Whitehall Capital Markets was financial advisor on the transaction. According to the firm, the funding will be used for three natural gas power plants under development. NTE Energy is a power developer and energy services provider.

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Napier Park hires MD

By Iris Dorbian — 2 years ago

Napier Park said Tuesday that it has named Dan Kittredge as a managing director for the firm’s private equity group Napier Park Financial Partners. Previously, Kittredge worked at Security Benefit Corp., a Guggenheim Partners affiliate, where he was vice president of investments.

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Binary Event Network Gets Growth Capital from Guggenheim, Cinnober and Broadhaven

By Luisa Beltran — 3 years ago

Guggenheim Partners, Cinnober Financial Technology and Broadhaven Capital Partners have provided initial growth capital to Binary Event Network. Financial terms were not announced. New York-based Binary Event Network provides technology that allows consumers to view sporting events and bet on them (but no money changes hands, a spokeswoman says). BEN will use the investment to launch TradeSports.

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Investor Group to Purchase Dick Clark Productions from RedZone Capital Management

By Connie Loizos — 3 years ago

Guggenheim Partners, Mandalay Entertainment, and Mosaic Media Investment Partners announced last week that they are purchasing Dick Clark Productions from RedZone Capital Management, the private equity firm controlled by Washington Redskins owner Dan Snyder. The terms of the transaction were not disclosed, though a report in the L.A. Times suggested its price tag was close to […]

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