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Topic: Elevation Partners


In the News (Wed 23 Dec 09)

  
  Elevation   (Site not responding. Last check: 2007-10-16)
Newcomers Elevation Sports Club defeated Portsmouth by 48 runs to lift the Charles R Simpson Cup, in the mid-season final of the Petcom Portmore Metropolitan...
In drafting, an elevation is a two-dimensional orthographic projection of a structure.
In ballistics, the elevation is the angle between the horizontal plane and the direction of the barrel of a gun, mortar or heavy artillery.
www.wikiverse.org /elevation   (227 words)

  
 CATHOLIC ENCYCLOPEDIA: Sacrament of Marriage
Of course, the choice of a partner and especially the contracting or non-contracting of marriage are subject to the free will of the individuals; but any revocation or essential altering of the terms is beyond the power of the contracting parties; the essence of the contractural sacrament is Divinely regulated.
Now, immediately after the baptism of both partners, the already contracted marriage, which is not dissolved by baptism, becomes a "marriage of the baptized"; for were it not immediately a "sacrament", the above-mentioned general principle, which Pius IX and Leo XIII proclaimed as incontestable doctrine, would be untrue.
This virtual wish to be and to remain partners in marriage, which is not annulled by the reception of baptism, is an entity in the parties in which may be found the ministration of the sacrament.
www.newadvent.org /cathen/09707a.htm   (7018 words)

  
 TV 2 Finans
Elevation Partners har måttet punge ud med i alt 411 millioner kroner for Eidos, som længe har kæmpet for at holde hovedet oven vande.
Ejerskiftet sikrer spiludviklingen en tiltrængt saltvandsindsprøjtning, for ifølge Computerworld vil Bono og resten af ejerne af Elevations Partners ikke kræve halvårlige regnskaber.
De i alt seks partnere dannede selskabet sidste år med det formål at investere i firmaer indenfor underholdnings- og medieindustrien.
finans.tv2.dk /nyheder/article.php?id=2129311   (343 words)

  
 Venture Capital Journal   (Site not responding. Last check: 2007-10-16)
Elevation Partners will largely do buyouts, but it will also have the flexibility to infuse capital into distressed public companies and buy catalogues of music and videos, according to a source familiar with the fund's plans.
Elevation expects to hold a first close by the end of summer and raise the bulk of its money by the end of the year.
All three were downsizing their general partner ranks, and both NEA and Battery were moving toward expansion-stage and later-stage investment strategies that didn't mesh with early stage investors like Coneybeer and Mohan.
ventureeconomics.com /vcj/protected/1070550129830.html   (2117 words)

  
 Computer Games Magazine   (Site not responding. Last check: 2007-10-16)
According to the official announcement, the US financial firm Elevation Partners intends to take game publisher Eidos private if its $136 million buyout offer is approved and goes through.
The press release states, "Elevation Partners believes that the best course of action for Eidos is to become a private company for the next few years so that it is not burdened with the pressure of half yearly reporting.
The press release further states that Elevation may ask certain members of the current Eidos management team to stay on board after the buyout is concluded.
www.cgonline.com /content/view/553/2   (174 words)

  
 SiliconBeat: McNamee's new firm buys videogame maker Eidos
It's called Elevation Partners, and has just made its first investment, agreeing to buy the U.K. videogame maker Eidos PLC for about $135 million in cash.
Elevation hired musician Bono as a partner last year.
McNamee and Elevation operate in the more mature sector of investing, actually called "private equity," investing greater amounts of money in more advanced companies -- and is focused on the convergence of media and consumer technology.
www.siliconbeat.com /entries/2005/03/21/mcnamees_new_firm_buys_videogame_maker_eidos.html   (187 words)

  
 Boston.com / Business / Competing bids made for Britain's Eidos   (Site not responding. Last check: 2007-10-16)
Bono, the lead singer of Irish rock group U2, is one of six directors of Elevation Partners.
Elevation said its 50 pence (95 cents) per share offer would free Eidos from the burden of half-yearly reporting.
Eidos said it had allowed a number of potential purchasers to examine its books before agreeing to the offer from Elevation, which was formed last year to invest in the media and entertainment industries using $1 billion of committed capital.
www.boston.com /business/articles/2005/03/22/competing_bids_made_for_britains_eidos   (434 words)

  
 Gamasutra - Elevation Partners Purchases Eidos
Elevation Partners LP, a venture capital firm, has emerged as UK-headquartered publisher Eidos' buyer, after significant speculation regarding a multitude of possible suitors, at a sum of 71 million pounds ($134 million USD) in cash.
Elevation Partners LP is also notable for a couple of its current managing partners: U2's lead singer Bono was brought on board with Elevation in August 2004.
Elevation Partners' website makes the statement: "Elevation’s focus is on intellectual property businesses where it can partner with management to enhance growth and profitability through a combination of strategic capital and operational insight."
www.gamasutra.com /php-bin/news_index.php?story=5160   (1047 words)

  
 GLOBE: Scientists' Corner: Elevation Number Changes
The elevation measurement is being displayed to the nearest meter while the latitude and longitude are displayed to the nearest 0.01 arc minutes.
So, a change in your elevation reading of about 18.5 meters is the same as a change in the last digit of the displayed latitude.
As changes occur, the elevation value appears to change more often and more dramatically than latitude presented to the nearest 0.01 arc minutes.
www.globe.gov /fsl/html/templ.cgi?WSmith_3&lang=en&nav=1   (230 words)

  
 Tomb Raider Chronicles - EIDOS' SHARE PRICE ROCKETS ON FTSE
Overnight, Elevation Partners - a private equity group helmed by U2 singer Bono and former Electronic Arts president John Riccitiello and armed with a 500 million pound war chest - tendered a bid which valued Eidos at 71.0 million.
Elevation Partners describes itself as a newly formed private equity firm that makes large-scale investments in market-leading media, entertainment, and consumer-related businesses.
The bidding war between SCi and Elevation Partners brings to an end months of speculation on the future of Eidos, its employees and shareholders.
www.tombraiderchronicles.com /headlines2141.html   (582 words)

  
 Guardian | Rivals battle for Lara Croft
SCi's approach tops a £71m all-cash offer from Elevation Partners, a venture capital outfit that has U2 frontman Bono as a partner, made on Monday night.
A spokesman for Elevation said the payment of such incentives is "very common" when a private equity firm is considering whether or not to carry out due diligence.
Elevation has said it will retain some key senior managers.
www.guardian.co.uk /print/0,3858,5154304-103676,00.html   (564 words)

  
 Eidos Forums - View Single Post - Eidos has a new owner
However, that story seemed to fizzle out late yesterday, when Reuters reported that Elevation Partners, the Silicon Valley-based venture-capital group, which sports U2 lead singer Bono on its board, had offered 71 million pounds ($135 million) in cash for Eidos.
However, this morning, numerous news outlets reported that SCi had trumped Elevation Partners with a 76.1 million-pound ($144.6 million) offer of its own.
However, unlike Elevation's cash bid, SCi's offer comes in the form of a stock swap, in which it would offer Eidos shareholders one share of SCi stock for every six shares of Eidos.
forums.eidosgames.com /showpost.php?p=474631&postcount=2   (379 words)

  
 Gamasutra   (Site not responding. Last check: 2007-10-16)
After the acquisition bid from venture capital firm Elevation Partners, which has managing partners including U2’s Bono and ex-EA president John Riccitiello, appeared to be a done deal earlier in the week, SCi’s counter-offer now seems significantly more likely, since the company has the de facto support of 20 percent of Eidos’ shareholders.
The possible saving grace for Elevation Partners seems to be that the company’s offer is for cash, rather than stock.
With the UK Easter holidays about to begin, the matter will not now be resolved until Tuesday at the earliest and, if previous chapters in Eidos’ ongoing search for a buyer are anything to go by, there will likely be a few more twists and turns before the matter is resolved for good.
www.gamasutra.com /php-bin/news_index_plain.php?story=5179   (262 words)

  
 GAF - News - Eidos bought out   (Site not responding. Last check: 2007-10-16)
Elevation is a buyout company headed by a small group of people including former Electronic Arts president John Riccitiello and U2's lead singer, Bono.
Elevation made their first buyout offer of 53 pence per share earlier in the month.
Elevation's plans for Eidos at this time are unknown, but it wouldn't be surprising to see some managment changes at the top.
www.gamesarefun.com /news.php?newsid=4597   (1091 words)

  
 Elevation Partners
Elevation’s focus is on intellectual property businesses where it can partner with management to enhance growth and profitability through a combination of strategic capital and operational insight.
The firm is led by an investment team with a unique combination of media and entertainment knowledge and relationships, technology domain knowledge and relationships, investing experience, and operating expertise.
Businesses that partner with Elevation expect to transform themselves through the strategic use of technology and licensing, as well as improvements in core marketing, distribution, and operating processes.
www.elevation.com   (118 words)

  
 U2 - Interference.com : U2 News, U2 Forum, U2 Chat, U2 Contests, U2 Lyrics, U2 NewMedia (Mp3s, SHN, video, etc), U2 ...
Elevation Partners has gathered USD 1.8 billion in capital to invest in innovative entertainment and media companies, news agency ANP reported on Thursday.
De Mol is one of the of the 'limited partners', a spokesperson for Talpa confirmed.
De Mol was apparently involved in Elevation Partners from its foundation.
www.interference.com /u2134000/index.html   (206 words)

  
 GamersMark - News - Eidos bought out for £71 million by Riccitiello’s Elevation Partners
Elevation’s offer for Eidos values each share in the company at 50 pence - significantly ahead of the Monday closing price of 44.75 pence, but only around a third of the company’s valuation this time last year.
New owner Elevation Partners LP was formed in mid-2004 by John Riccitiello, fresh from a leaving his job as president of Electronic Arts, and entrepreneur Roger McNamee, and has since added a number of high profile managing partners - including U2’s lead singer Paul Hewson, better known by his stage name Bono.
What the firm plans to do with Eidos is as yet unknown, but its offer for the publisher came not a moment too soon, as Eidos needed to find a buyer by March 25th under the terms of its new financing agreement with the Royal Bank of Scotland.
www.gamersmark.com /news/2005/03/1/5572   (337 words)

  
 TV 2 Finans
Selvom Eidos' topledelse allerede har anbefalet aktionærerne at takke ja til buddet fra Elevation Partners, er SCi tilsyneladende på vej til at kunne blokere for at sådant salg - 25 procent af aktionærkredsen har sluttet sig til ideen om et salg til SCi.
Lykkes det SCi at sikre sig opbakning for 25 procent af Eidos-aktionærerne, vil det betyde, at SCi kan blokere for et salg til Elevation Partners.
Amerikanske Elevation Partners, som har rockstjernen Bono i ejerkredsen, var først ude med et bud på Eidos til alt i alt 769 millioner kroner.
finans.tv2.dk /nyheder/article.php?id=2150311&rss   (237 words)

  
 Elevation Partners Acquires Eidos - Xbox
The principals of Elevation Partners include John Riccitiello, former CEO of Electronic Arts, and Bono, U2 lead singer.
Elevation Partners is a private equity firm formed in 2004 for the purpose of making large-scale investments in market-leading media, entertainment, and consumer-related businesses.
Elevation Partners has over $1 billion in committed capital.
news.teamxbox.com /xbox/7890/Elevation-Partners-Acquires-Eidos   (209 words)

  
 Elevation Partners acquires Eidos - Printer Friendly - GameSpot   (Site not responding. Last check: 2007-10-16)
The wire service is reporting that late today, Eidos accepted an offer from Elevation Partners.
Headed by a board of directors that includes U2 lead singer Bono, Elevation Partners has been a rumored Eidos buyer for several months, along with French publisher Ubisoft and now SCi.
According to Reuters, Elevation Partners made Eidos an offer it couldn't refuse: 71 million pounds ($135 million) in cash, or 50p ($0.95) per share.
www.gamespot.com /pc/action/tombraidervii/printable_6120834.html   (273 words)

  
 Long Island Press: Long Island Newspaper, News, Entertainment, Real Estate, Classifieds, Automotive, Weddings, Business ...   (Site not responding. Last check: 2007-10-16)
SCI said its offer valued each Eidos share at 53.6 pence, higher than the bid from Elevation which valued Eidos at 50 pence a share.
Elevation Partners declined to comment on the SCI offer, while Eidos officials were not immediately available.
UBS is advising Eidos, while Lehman Brothers is working for Elevation Partners.
www.longislandpress.com /reuters/5_ds_17334.php   (346 words)

  
 USATODAY.com - Techie guy by day, rocker guy by night   (Site not responding. Last check: 2007-10-16)
Now, McNamee is raising money for his new private equity firm, Elevation Partners — and one of the partners is U2's Bono.
Elevation will actively advise management where it invests but won't get as involved as venture capitalists do in start-ups.
One is for Elevation e-mail; the other, for Silver Lake, where he's still involved.
www.usatoday.com /tech/news/2005-01-27-mcnamee-usat_x.htm   (1556 words)

  
 TotalVideoGames.Com Forums | - Bono Set To Elevate Eidos
Eidos enters into agreement with Elevation Partners, hints at a private future and game delays...
Elevation Partners intent massive changes for Eidos, with plans to become a private company for the next few years so that it is not burdened with the pressure of half yearly reporting, believing that this will assist in the development of titles without having the pressure of releasing titles by a certain date.
Elevation Partners recognised Eidos management of the sinking-ship which has seen a number of key employees lost in recent months, and cites the need to stabilise the situation rapidly hinting that there will be no massive employee shake-up’s.
www.totalvideogames.com /forums/printthread.php?t=9049   (391 words)

  
 Aktuelle IT-News auf www.pc-magazin.de - Druckversion - 22.03.2005, 10:53: Kaufen U2-Sänger Bono und Partner Eidos? ...   (Site not responding. Last check: 2007-10-16)
Das Unternehmen könnte für rund 71 Millionen britische Pfund, rund 102 Millionen Euro, an das private Investment-Unternehmen Elevation Partners verkauft werden, hieß es in diversen Presseberichten.
Hinter Elevation Partners stehen unter anderem Apples ehemaliger Finanz-Chef Fred Anderson sowie John Riccitiello, zuvor Präsident und COO von Electronic Arts.
Das Eidos-Management wollte den Aktionären eigentlich zur Annahme des Übernahmeangebots von Elevation Partners raten.
www.pc-magazin.de /common/nws/drucken.php?id=37076   (276 words)

  
 GamersNet - Eidos verkocht aan Elevation Partners   (Site not responding. Last check: 2007-10-16)
71 miljoen pond is wat Elevation Partners heeft betaald en dat komt neer op 50 pence per aandeel.
Elevation Partners is namelijk het bedrijf van John Riccitiello, die voorheen nog de hoogste baas van EA was.
Volgens de raad van Eidos was het aanbod van Elevation Partners bijzonder goed, ook al is het slechts een derde van wat het bedrijf vorig jaar rond deze tijd waard was.
www.gamersnet.nl /index.php?display=newsitem&id=6253   (407 words)

  
 The New York Times > Technology > Lara Croft, Video Game Heroine, Has 2 Suitors
Elevation Partners' offer is worth 50 pence a share in cash.
The SCi offer may force Elevation and its investment bank, Lehman Brothers, to either abandon their takeover attempt or raise their offer.
Elevation Partners was started in 2004 by Roger McNamee and John Riccitiello, the former president of the video game maker Electronic Arts.
www.nytimes.com /2005/03/23/technology/23game.html?ex=1269234000&en=dc62c52641b89b28&ei=5090&partner=rssuserland   (535 words)

  
 BBC NEWS | Business | Bidding war for Lara Croft firm
At the close of trade on Tuesday, Eidos shares were up 12.5 pence at 54.25 pence on the London Stock Exchange.
Elevation Partners was formed last year with the aim of investing in media and entertainment interests and is armed with a £520m war chest.
Most of the titles currently being developed by Eidos would be delayed to make sure this happens, Elevation said.
news.bbc.co.uk /2/low/business/4371203.stm   (412 words)

  
 The New York Times > Business > Your Money > Suits: So That's What He's Looking For   (Site not responding. Last check: 2007-10-16)
Elevation Partners has landed a whopper: Bono, of the rock band U2.
The singer, who has worked for years for debt relief for developing nations, was recruited by Roger McNamee and John Riccitiello, Elevation's founders.
Bono's exact role at Elevation, which coincidentally shares a name with U2's 2001 Grammy-winning song, is unclear.
www.nytimes.com /2004/07/04/business/yourmoney/04suits.html?ei=5035&en=8e0f3a5492a59413&ex=1175313600&partner=MARKETWATCH&pagewanted=print&position=   (474 words)

  
 GamesIndustry.biz - Elevation Partners withdraws its offer for Eidos
The company, which is headed up by former EA president John Riccitiello and boasts managing partners including Irish rock star Bono, announced its decision to pull out of the running in a statement this morning.
It's quite a change of tune from what Elevation was saying just a few weeks ago, when it launched a savage attack on the SCi bid - stating publicly that the firm has "little experience" of running a large publishing business and warning that the bid carries significant risks for Eidos' shareholders.
With Elevation now leaving the race, SCi remains the only firm with an offer on the table for Eidos, and it's generally expected that the acquisition will be ratified by a shareholder EGM on May 13th.
www.gamesindustry.biz /content_page.php?aid=8195   (562 words)

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