Investment Summary

Exits Broadstripe

On December 1, 2004, invested in media company Broadstripe from Convergent Capital

Investment Highlights
  • This is transaction in the Media sector.
  • This is transaction in the United States.
  • This is transaction in Texas.

Investment Summary

Date 2004-12-01
Target Broadstripe
Sector Media
Sellers(s) Convergent Capital
Deal Type Sold to Management

Target

Broadstripe

Dallas, Texas, United States
website
Broadstripe LLC (Formerly Millennium Digital Media Systems LLC) based in St. Louis, Missouri, is a single source provider of broadband services, including analog and digital cable television, high-speed Internet access, and other telecommunications services, primarily to residential customers.

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Seller(S) 1

SELLER

Convergent Capital

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1998
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $2 to $8 million per transaction in businesses with at least $5 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1998 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 6 of 39
Sector (Media) 1 of 1
Type (Sold to Management) 2 of 3
State (Texas) 1 of 5
Country (United States) 6 of 39
Year (2004) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 RAVE Sports

St Paul, Minnesota, United States

RAVE Sports, Inc., headquartered in Minneapolis, MN, is the global leader in the design, manufacture and marketing of unique recreational water products.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Ecological Systems

Indianapolis, Indiana, United States

Ecological Systems, Inc., (dba ESI Environmental) located in Indianapolis, Indiana, processes non-hazardous wastewater, recovers and recycles used oils for secondary fuels and brokers the disposition of certain hazardous materials.

Buy -