TITLE

Safeguard Makes Six-Pronged Exit

AUTHOR(S)
Schachter, Ken
PUB. DATE
March 2008
SOURCE
Red Herring;3/3/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Safeguard Scientifics, the publicly traded venture capital fund, to sell stakes in six companies for about $100 million to Saints Capital. The deal is in line with the strategy of Safeguard Scientific to cut down a portfolio that once stood at more than 40 companies. Safeguard expects to gain about $16 million from the sale. Under the deal, Saints will also take over debt guarantees totaling $31.5 million that Safeguard made on behalf of the companies.
ACCESSION #
36876036

 

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