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Prides Capital Announces Two Add-On Acquisitions for Portfolio Company Pegasus Solutions.

Publication: Business Wire
Publication Date: 07-MAY-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOSTON -- Prides Capital ("Prides") today announced that it has funded the acquisition of two add on companies for its portfolio company, Pegasus Solutions ("Pegasus"). The funds for the acquisitions came from a significant recapitalization based on the performance of Pegasus. In addition, as part of the recapitalization, Prides returned a portion of the initial investment capital to its...

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