"Equity backers" refers to individuals or institutions that provide financial support, usually in the form of investments, to a company in exchange for a share or ownership interest in that company.
Full definition
But the firm's management and
private equity backers — which still own 70 % of the company — have convinced investors that online gambling is the way of the future.
It was initially seeking a deal with a new private
equity backer who could take a 51 per cent stake in Accolade and help drive its Chinese growth strategy.
It was initially seeking a deal with a new
private equity backer who could take a 51 per cent stake in Accolade and help drive its Chinese growth strategy.
He says the firm's private
equity backers — Madrona Venture Group and Highland Capital Partners — bring a similar understanding of the two sectors.
• Simplr, a San Francisco - based customer service solutions firm, raised $ 8 million from Asurion and private
equity backers.
The only issue Cramer could find with Floor & Decor, which came public in April, was its private -
equity backers.
Junior creditors led by Appaloosa Management remain the biggest hold - outs in the CEOC bankruptcy, and have said they have as much as $ 12 billion in claims against Caesars Entertainment and its private
equity backers, Apollo Global Management LLC and TPG Capital LP.
Its shares were underperforming peers in 2010 because the private
equity backers were still unloading stock.
In July, Hudson launched his own boutique law firm, MJ Hudson, using seed funding from several private
equity backers — debt he anticipates will be converted to «minor stakes» when the ABS legislation takes effect next October.