Safeguard Makes Six-Pronged Exit

Schachter, Ken
March 2008
Red Herring;3/3/2008, p4
Trade Publication
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.


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