Neustar to Acquire Marketing Analytics Technology Provider MarketShare to Create Global Leader in Ma 
STERLING, Va., – Neustar, Inc. (NYSE:NSR), a trusted neutral provider of real-time information services, today announced that it has entered into a definitive agreement to acquire MarketShare Partners, LLC, a fast-growing marketing analytics technology provider to major brands, for $450 million. The purchase price is effectively reduced to approximately $390 million after taking into account tax benefits resulting from the transaction.

Full News Release (PDF) , November 5, 2015

Forbes Media Agrees To Sell Majority Stake To A Group Of International Investors To Accelerate The C 
NEW YORK (July 18, 2014) – Forbes Media LLC today announced an agreement under which a group of international investors will purchase a majority stake in the company. The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions. Upon closing, Elevation Partners will fully exit its investment in Forbes Media. The terms of the transaction were not disclosed.
Full News Release (PDF) , July 18, 2014

MarketShare Announces $38M Investment to Accelerate Technology Enhancements and Global Expansion
 
Los Angeles CA – April 22, 2013 – MarketShare, the industry’s leading cross-­‐media predictive analytics firm, today announced an investment led by growth equity firm FTV Capital and joined by existing investor Elevation Partners and other investors. The financing will be used to further enhance the company’s state-­‐of-­‐the-­‐art technology platform as well as to accelerate growth in markets worldwide.

Full News Release (PDF) , April 22, 2013

MarketShare Announces $32M Investment from Elevation Partners
 
New funding to support acquisitions, as well as analytical and technological innovation

Los Angeles, CA - April 14, 2011 - MarketShare, the leading cross-media analytics company that enables global marketers to optimize their marketing resource allocations, today announced a $32 million follow-on investment by Elevation Partners. The investment will be used to support MarketShare’s rapid organic growth, strategic acquisitions, additional Asia-Pacific and EMEA expansion, and to fuel the company’s heavy investments in innovation around analytics, predictive models, and its cloud-based suite of analytic products.

Read Full Story (PDF) , April 14, 2011

YELP RECEIVES INVESTMENT FROM ELEVATION PARTNERS
 
Elevation Commits Up to $100 Million

SAN FRANCISCO, Jan. 27 -- Yelp (http://www.yelp.com), the community-led local search site, today announced that private equity firm Elevation Partners has agreed to make a $25 million investment in Yelp through the purchase of Series E preferred stock. Elevation Partners will also seek to increase its total investment in Yelp to $100 million through a planned purchase of shares from vested employees and other eligible shareholders. The details of the offer to purchase are expected to be announced to qualified participants in the near future.

Full News Release (PDF) , January 27, 2010

FORMER APPLE SOFTWARE CHIEF AVIE TEVANIAN JOINS ELEVATION PARTNERS 
MENLO PARK, Calif. – January 12, 2010 - Elevation Partners today announced that Avadis “Avie” Tevanian has joined the firm as a Managing Director. Tevanian brings to Elevation more than two decades of operational and software expertise in consumer and technology businesses. Most recently, Tevanian was Chief Software Technology Officer at Apple, Inc., and a member of the company’s senior management team, where he led Apple’s software strategy and development.

Full News Release (PDF) , January 12, 2010

MarketShare Partners Announces Investment from Elevation Partners 
LOS ANGELES and MENLO PARK Calif., – February 25, 2009 – MarketShare Partners (MSP), the industry’s leading marketing analytics firm, today announced that private equity firm Elevation Partners has made a minority equity investment in the Company. The terms of the investment were not disclosed.

Full News Release (PDF) , February 25, 2009

Palm Secures Additional $100 Million Equity Investment 
SUNNYVALE, Calif., Dec. 22, 2008 -- Palm, Inc. (NASDAQ:PALM) today announced that Elevation Partners has agreed to make an additional $100 million equity investment in Palm. Under a definitive agreement reached today, Elevation will increase its investment in Palm by acquiring newly issued Series C preferred stock that is convertible into Palm common stock at a price of $3.25 per share, a 31 percent premium to the closing price of Palm common stock on Dec. 19, 2008. The Series C preferred stock carries a 0% dividend rate. Elevation will also receive warrants to acquire 7 million shares of Palm common stock at the same price. Prior to March 31, 2009, Palm may elect to cause Elevation to sell up to $49 million of this new investment to other investors on the same or better terms than on which Elevation invested.

“The additional capital from Elevation Partners will enable us to put added momentum behind the new product introductions scheduled for 2009 and will provide us with enhanced stability in unsettled economic times,” said Ed Colligan, president and chief executive officer of Palm, Inc. “Elevation has been a great partner to Palm, and we appreciate their continued confidence and support.”

“We believe that Palm is in a position to transform the cell phone industry, and we are pleased to have the opportunity to make this additional investment in the company. Palm has an industry-leading team and an exciting, differentiated product roadmap. We are proud to be associated with the company and look forward to great things from Palm in 2009 and beyond,” stated Roger McNamee, co-founder of Elevation Partners.

Full News Release (PDF) , December 22, 2008

Palm Closes Strategic Recapitalization with Elevation Partners
 
Rubinstein Named Executive Chairman, Anderson and McNamee Join Board

SUNNYVALE, Calif., Oct 24, 2007 (BUSINESS WIRE) -- Palm, Inc. (Nasdaq:PALM) today announced that its recapitalization plan with the private-equity firm Elevation Partners ("Elevation") has closed, positioning Palm to lead the next phase of the smartphone and mobile-computing markets. Elevation has invested $325 million in Palm, and the company will utilize these proceeds along with existing cash and $400 million of new debt to finance a $9 per share cash distribution. Palm shareholders of record as of Oct. 24, 4 p.m. EDT, should receive the cash distribution within approximately 10 business days.

Full News Release (PDF) , October 24, 2007

EA To Acquire BioWare Corp. and Pandemic Studios 
REDWOOD CITY, Calif. - (BUSINESS WIRE) - Electronic Arts Inc. (NASDAQ:ERTS) today announced an agreement with Elevation Partners to acquire VG Holding Corp. -- the owner of both BioWare Corp. and Pandemic Studios. This acquisition gives EA a strong competitive position in key genres in interactive entertainment: action, adventure and roleplaying games. The two studios have been recognized for creating some of the highest-quality games in the industry.

Full News Release (PDF) , October 11, 2007

Elevation Partners Executes Sale of BioWare Corp. and Pandemic Studios to Electronic Arts 
MENLO PARK, Calif. ‐‐ October 11, 2007 ‐‐ Elevation Partners today announced it has entered into a definitive agreement with Electronic Arts (NASDAQ:ERTS) under which Electronic Arts will acquire Elevation’s portfolio company VG Holding Corp., which is comprised of BioWare Corp. and Pandemic Studios. Under the terms of the agreement, EA will pay up to $620 million in cash to the stockholders of VG Holding Corp. and will issue up to $155 million in equity to certain employees of VG Holding Corp., which will be subject to time‐based or performance‐based vesting criteria. EA will also assume outstanding VG Holding Corp. stock options. In addition, EA has agreed to lend VG Holding Corp. up to $35 million through the closing of the acquisition.

Full News Release (PDF) , October 11, 2007

Palm Announces Strategic Recapitalization with Elevation Partners 
SUNNYVALE, Calif., June 4, 2007 – Palm, Inc., (Nasdaq: PALM) today announced a strategic relationship with the private-equity firm Elevation Partners (“Elevation”) and a recapitalization plan that will position Palm to lead the next phase of the smartphone and mobile-computing markets. Under the planned recapitalization, shareholders will receive a $9 per share cash distribution. Elevation will invest $325 million in Palm, and the company will utilize these proceeds along with existing cash and $400 million of new debt to finance the cash distribution.

Full News Release (PDF) , June 4, 2007

Veteran Online Executive to Join Elevation Partners as an Executive-in-Residence 
MENLO PARK, Calif. – February 23, 2007 - Elevation Partners, a leading private equity firm focused on making large-scale investments in market-leading media, entertainment, and consumer-related businesses, announced today that Ted Meisel, the former CEO of Overture Services, has joined the firm as an Executive-in-Residence. In this role, Mr. Meisel will serve as an advisor to the firm and its portfolio companies.

Full News Release (PDF) , February 23, 2007

Forbes Announces Elevation Partners Investment in Family Held Company 
Both Companies Cite Exciting Opportunities for Growth and the Future

New York, NY, August 7, 2006 -- Forbes, a family held company, announced today an investment in the company by Elevation Partners in which the private equity firm has become a minority shareholder in a newly formed company, Forbes Media, LLC, the publisher of Forbes magazine, Forbes.com and other media properties.

Full News Release (PDF) , August 7, 2006

 
 
 
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