Elevation Partners related stories
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Vector closes $350m tech buyout fundVector Capital has closed its third fund to focus on buyout, spinouts and recaps of established tech and software companies.
- Elevation Partners agrees first deal
The Silicon Valley-headquartered media and entertainment ‘venture buyout’ investor has agreed to acquire UK computer games developer Eidos for £71m.
- Eidos slips away from Elevation
The board of UK computer games publisher Eidos has withdrawn its support for the Elevation Partners cash offer for the company in favour of a higher share offer from a trade buyer.
- Kevin Albert to join Elevation Partners
The longtime head of Merrill Lynch’s dominant private equity placement business is stepping down next month to become a partner at the upstart media investment group led by Silver Lake’s Roger McNamee and including rock star Bono.
- U2 singer joins new buyout firm
Bono, the singer for rock group U2, will reportedly be a managing director at Silicon Valley ‘venture buyout’ firm Elevation Partners, launched by former Silver Lake Partners co-founder Roger McNamee.
M&A Exits Steady; LBO-Backed IPOs Hit 40 In 2012M&A exit activity by U.S.-based financial sponsors held steady throughout 2012, with each quarter yielding at least 100 transactions. The IPO option as an exit strategy also proved popular, and a majority of the sponsored business that went public headed into New Year’s in the black.
M&A Exits & IPOs Tick Down; IPO Returns PositiveU.S.-based financial sponsors seem to be holding on to their investments longer these days, based on the numbers Buyouts has tracked on the M&A and IPO fronts. On a quarter-to-quarter basis, both exits strategies seem to be in less use at the end of each period.
- GENWI Raises $2M From Floodgate, Elevation
GENWI said it raised $2 million from Floodgate and Elevation Partners. GENWI, of Los Altos, Calif., has a cloud based publishing platform for mobile devices. It raised $4 million last fall from Nexus Venture Partners, Inventus Capital Partners, and Quest VenturePartners.
- What Will Happen When VCs Unload Their Yelp Stock?
After so many disappointing IPOs, the venture capital firms that backed Yelp will finally get an opportunity to make an exit--but how much will it impact the newly-listed company's stock?