This note describes the selection by Ascend Ventures to invest its money into a company that falls outside of their investment strategy. Ascend Ventures is a comparatively youthful private equity firm that has targeted technology businesses that are managed by women or minorities.
The company,Platform Learning, under its consideration, runs as a for profit education marketplace, providing supplemental education services to children in failing public schools. Because Platform Learning isn't a technology company, Ascend's investment managers concerned about how their limited partners might react to this investment and are worried about their ability to add value in this marketplace.
PUBLICATION DATE: November 30, 2004 PRODUCT #: UV2008-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
Related Case Solutions & Analyses:
VF Corp: Acquiring the Iconic Skateboard Footwear Brand Vans
Danaka Corporation: Healthcare Solutions Portfolio Management
Role of Private Equity Firms in Merger and Acquisition Transactions
Argentina: Anatomy of a Financial Crisis
Brookstone Ob-Gyn Associates (A)
Mittal’s Pursuit of Arcelor (A)
Bank Of America
Equity Bank: Engaging The East African Sme Space
Micron Technology, Inc.: Riding The Wave—Refinancing Convertible Notes
Bernstein Global Wealth Management: From One Generation To The Next
