Finance Articles

Alumni Capital Network and Triton Value Partners Announce First Investment

ATLANTA (Business Wire EON) July 30, 2008 -- On Tuesday, July 1, Alumni Capital Network participated as part of the investor group led by AIG Investments that acquired the Personal Communications Division ("PCD") of UTStarcom, Inc. (NASDAQ:USTI). PCD is a leading distributor of niche mobile devices (feature phones, smart phones, wireless data cards) and accessories, as well as a provider of value-added services to mobile device manufacturers and wireless carriers. UTStarcom said in a regulatory filing that the purchase price is about $240 million, $24.3 million of which is subject to escrow and may be subject to a post-closing adjustment.

James P. Honohan, ACN's President and CEO, stated, "We are very excited to back an experienced management team in one of the largest value-added distributors of mobile devices for the wireless telecommunication market."

Jonathan Stearns, Managing Director, who led the transaction team for AIG, stated "By including ACN as part of our investment group, we have increased the value-add that can be provided at both a strategic and operational level."

Jeffrey K. Zwitter, a Managing Director of Triton Value Partners, said "We are very proud of our association with ACN and look forward to a long and productive relationship ? we are very excited about this first major transaction."

Earlier this year, ACN announced that it has partnered with Triton Value Partners to actively seek equity investments in the Southeastern United States. As part of the relationship Triton is an active limited partner in the Alumni Capital Network Fund I, L.P. and works directly with Ron Stewart, Managing Director for Alumni Capital Network in the Southeast U.S., to share resources, account leads and targeted investments in the Southeast market.

ABOUT TRITON VALUE PARTNERS

Triton Value Partners is a full-service management advisory group that provides small and medium-sized enterprises with the mission critical experience, services and resources required to help them create and execute business plans that make the companies more valuable.

Triton's team of Atlanta-based Partners boasts an average of twenty-five years of experience as corporate executives, business owners and professional investors. The firm draws upon this wealth of experience to provide a full range of advisory services including: strategic planning, business/market development, operations, and capital structure. Triton's client service approach leverages its Partners' functional expertise and industry skills to maximize the strength of each client's organization and infrastructure.

Triton Value Partners is based in Atlanta, Georgia, but serves a client base that operates across the U.S. and internationally. More information on Triton Value Partners is available on the company's web-site: www.tritonvp.com.

ABOUT ALUMNI CAPITAL NETWORK

Alumni Capital Network is a New York-based private equity investment firm with resources across the U.S., including teams in Atlanta, Boston, Chicago and Los Angeles. The firm was founded in 2006 by a group of former Accenture senior partners who have worked together for decades, and includes many former Accenture consulting colleagues and client executives among its ninety-plus investors.

Alumni Capital Network's strategy is to invest knowledge capital along with financial capital in companies that offer the potential for significant value enhancement through strengthened operations and improved market positioning in combination with financial restructuring. The firm's capabilities are differentiated by the deep industry, functional and technical skills of its more than fifty active investors, who collectively have more than a thousand years of consulting, operations and financial experience.

For more information on Alumni Capital Network, visit the company's web-site at www.alumnicapitalnetwork.com.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Eric Jamerson Earns Certified Mortgage Planning Specialist (CMPS) Designation
Eric Jamerson, a mortgage broker with Allied Home Mortgage Capital Corporation, has passed the qualifying exams to earn the Certified Mortgage Planning Specialist (CMPS) Designation granted by the CMPS Institute, Ann Arbor, Michigan, a training and certifying organization created to help mortgage professionals integrate financial planning concepts into the mortgage process. CMPS designees can offer clients strategies that encompass mortgages, debt, home equity and real estate investment.

Subprime Mortgage Lending - 2007 Statement
The United States Treasury Department, along with several other federal financial regulatory agencies, released a Statement on Subprime Mortgage Lending in June 2007 This sizeable document (it is 31 pages long) is aimed at people involved in borrowing and lending for mortgages at subprime rates

RegiSoft and MoBank Announce the Release of a New Application for Mobile Banking and Home Loans
MoBank (short for Mobile Bank) together with RegiSoft, have launched a new application which allows fast, secure and reliable access of consumer loans to qualified borrows via the mobile phone. The technology is aimed at medium income renters (mostly from the Latino/Hispanic and African American minority segments) who have easier access to mobile phones than they do to the internet or to traditional banking channels.

West Virginia Social Studies Teachers Discover How to Use Technology to Teach Economics and Personal Finance
NCEE to profile electronic teaching tools, standards-based lesson plans during keynote session at Summer Institute. Breakout session attendees to receive free copy of 'Virtual Economics.'

Why Get Pre-Approved For A Mortgage?
One of the most important steps in the home buying process is getting Pre-Approved as early as possible.The Pre-Approval process involves you speaking with a Mortgage Lender about your financial situation, what you'd like to accomplish, and any concerns you have.

More Choices For Banking
Gone are the days when a checking account was a simple structure which allowed you to put your money in and take it out when you felt like it. Nowadays, there are many different types of checking account which offers various levels of service, including the ability to manage your money online, the use of a check card or debit card, and free banking, or sometimes free banking as long as a minimum balance is kept. This article will look at the various types of checking account and discuss some considerations which need to be borne in mind when choosing a checking account for your lifestyle.

Genesis Business Group Offers Investment Opportunity: Four Billion Dollars in Them Thar Mica Mine Hills
Four billion dollars of mica minieral reserves located in Alabama. The largest scientifically proven reserves in the Americas.

CardRunners' Taylor Caby, to Discuss Poker: Training Ground for Finance at NYU Stern Business School
Taylor Caby, 24, the poker entrepreneur who co-founded CardRunners, the leading poker instructional community, is set to headline a panel at NYU's Leonard B. Stern Business School on Tuesday, April 1 at 7:30-9:30pm. Hosted by the NYU chapter of the Harvard Law School-based Global Poker Strategic Thinking Society (GPSTS), the discussion will center on the links between success at the poker table and at the boardroom table.

Real Estate Investment Firm RealNet USA Updates Inventory Daily
Real Estate Investments Firm, RealNet USA, helps investors take control of their Real Estate Investment by taking advantage of Investment properties that are being sold under the fair market value. RealNet's inventory updates several times a day to ensure investors get the latest information and the best deals.

Vehiclepath Customer Recognizes Return on GPS Investment in Less than Four Weeks
Vehiclepath GPS fleet tracking system delivers a staggering return on investment with most customers recognizing their return in less than 30 days. Competitive products take two to three months to see that return.

Talk of Looming ?Mortgage Crisis? in Canada Unfounded
Doomsayers, prompted by a continual stream of bad news from the United States about the US

FHA Mortgage: When Your Downpayment is a Gift
There has been so much fraud discovered in the FHA program allowing gift funds for downpayment that Lenders and borrowers are required to absolutely document every step of the gift transaction to prove it was legitimate.Here's how it works: FHA allows the required downpayment to be a gift from someone who would logically be concerned about housing for the borrower.

Mortgage Insurance is Now Tax Deductible: Savings for Many Would-Be Homebuyers
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that Congress has just passed long-awaited legislation that will make mortgage insurance payments tax deductible on new mortgage originations beginning January 1, 2007.

Prime City Investment at Astrum Towers, Istanbul, Turkey
From an amazing 29,092 GBP, city property in Turkey´s emerging Büyükçekmece of Istanbul is today offering excellent investment potential, according to The International Property Investment Network (IPIN). Tipped by top economists as a prime investment location, Istanbul offers various opportunities in Büyükçekmece, such as this carefully selected development at Astrum Towers. Its first phase comprises blocks of 1,285 one, two and three bedroom units, complete with swimming pools and other amenities, while two more phases are to follow.