About Internet Capital Group
The firm invests in, operates, and manages Internet related opportunities, including enabling tools and software applications. Seeking to create stockholder value by building its existing partner companies and by focusing on primarily acquiring majority stakes in new partner companies that operate in our focus sectors, a primary goal is to grow portfolio companies into leading platform companies in their respective markets. In conjunction with this primary acquisition focus, the ownership of smaller interests in rapid-growth companies in focus sectors is also explored by the firm.
Internet Capital Group Headquarter Location
690 Lee Road Suite 310
Wayne, Pennsylvania, 19087,
Latest Internet Capital Group News
Sep 26, 2017
Actua Corporation, formerly knowns as Internet Capital Group (ICG), announced that it has entered into separate agreements to sell its three majority-owned businesses (think: VelocityEHS , provider of EHS software, FolioDynamix , provider of wealth management software, and BOLT Solutions , provider of distribution software for insurers) for an aggregate of $549 million in cash. The buyer is CVC Growth Fund, a private equity and investment advisory firm founded in 1981 with over $65 billion in assets. It will acquire VelocityEHS and Actua’s stake in BOLT Solutions ( 53% ) for an aggregate purchase price of $328 million in cash, based on a total enterprise value of $354 million. Keyword: aggregate. Bottom Line: Good. Bad. Indifferent. Recall: earlier this year, Travelers purchased Simply Business for ~$490 million . Simply Business is the UK equivalent of BOLT’s D2C operations, which is now entering the US . Share this
Internet Capital Group Team
31 Team Members
Internet Capital Group has 31 team members, including current President, Douglas A Alexander.