Team’s Prior Transactions
The principals have substantial experience with funding, banking, operating and building emerging technology companies and then helping them to go public or be acquired. In previous funds or direct roles, the principals have invested in and/or worked on a number of successful early stage firms.
These companies include:
- Novatel Wireless, Inc. (NVTL)
- AirLink Communications, Inc. (acquired by Sierra Wireless, Inc. (SWIR))
- Vodavi (acquired by Vertical Communications)
- Main Street and Main (MAIN)
- Business Engine, Inc. (acquired by Planview, Inc.)
- WebEx Communications (WEBX, acquired by Cisco(CSCO))
- FastFind.com (acquired by Bankrate(RATE))
- USI Holdings Corporation (acquired by Goldman Sachs)
M&A Advisory
The principals have extensive corporate finance experience, having been involved in an M&A advisory capacity in over $2 billion worth of transactions to include:
- AOL
- Excite@Home
- CMGi
- Providian Financial
M&A Transactions
The principals have lead or participated in a diverse range of acquisitions and divestitures to include:
- Sale of GetSmart.com to LendingTree.com (TREE)
- Acquisition of Mortgage-calc.com by Bankrate, Inc. (RATE)
- Sale of $859 million in credit card receivables by Providian Financial (PVN) to Compucredict (CCRT)
- Spin-off of Providian’s marketing services group to Kessler Financial Services
- Sale of $2.4 billion in credit card receivables by Providian Financial to an investor group lead by Goldman Sachs and Citigroup
- Sales of $8.2 billion in credit card receivables by Providian Financial to Chase
Structured Finance
The principals have participated in structured debt offerings designed to fund growth through acquisitions and provide working capital. Examples of prior transactions include:
- $75 million revolving facility convertible into a term note and $125 million in tiered term notes
- $150 million high yield debt offering (pulled due to market conditions)
