GMT Communications Partners related stories
All articles and analysis
Deal round-up 08/05Bumper deals from Accenture, Evergreen, Nexus, GE Equity and Siemens.
- GMT Communications Partners backs Seagull in MBO
GMT Communications Partners, a European media and communications focused private equity group, has teamed up with the management and founding chairman to invest in Seagull, a provider of computer based training systems and e-learning for seafarers worldwide. The business was founded in 1996 by its chairman, Oscar Johansen, a long term maritime industry executive, and financial partner Bjørn L.G. Braathen.
- GMT Communications Partners Buys MeetingZone
Private equity firm GMT Communications Partners has paid 38.5 million pounds ($55.5 million) to buy conferencing and collaboration service provider MeetingZone. The firm bought MeetingZone from the company’s founders, and from investor Nova Capital Management. MeetingZone was formed in 2002.
- After 3x Ipreo Deal, More Fund III Sales Likely For VSS
Veronis Suhler Stevenson scored a welcome return on its sale of capital markets data provider Ipreo LLC to Kohlberg Kravis Roberts & Co., which was one of the largest investments the media-focused shop made with its $1 billion, 1999-vintage third fund. The firm also continues to hold three other investments in Fund III and will likely look to unload at least two of them over the next year or two, a source close to the firm told sister magazine Buyouts. The firm has not started any sale processes, however, the source said. One of the three remaining companies in Fund III is Access Intelligence LLC, a Rockville, Md.-based information and marketing company serving the aerospace, communications, energy, and health care industries.
- Summit, TA Associates Pour $350M into Bigpoint
Summit Partners and TA Associates will invest $350 million to recap Hamburg-based online gaming company Bigpoint GmbH. TA Associates and Summit Partners jointly will own a controlling share of Bigpoint. Previous shareholder Comcast Interactive Capital’s Peacock Equity Fund will sell their holdings in this transaction. GMT Communications Partners and GE will sell a majority of their stakes, the company said in a written release. Montgomery & Co. acted as advisor for Bigpoint; and NOAH Advisors acted as advisor for Summit Partners and TA Associates.
Europe Plays the GameAgainst a background of intense deal activity in the United States this summer, a number of Europe’s venture-backed gaming companies are looking peachy.
- Pepcom Switching Sponsors
Star Capital Partners has agreed to buy German cable operator Pepcom GmbH from GMT Communication Partners and Veronis Suhler Stevenson. No financial terms were disclosed.
- peHUB Wire: Thursday, May 6, 2010
Saying Goodbye
- peHUB Wire: Thursday, May 6, 2010
Saying Goodbye