Press Releases

July 25, 2016 - HGP – Harbert Venture Partners II, L.P. Announces Sale of Wellcentive to Royal Philips NV

Richmond, Virginia, July 25, 2016 – Harbert Venture Partners II, L.P. (“HVP II”) announced today the successful exit of its investment in Wellcentive, Inc. (“Wellcentive” or the “Company”), which was acquired by Netherlands-based Royal Philips NV (“Philips”). Wellcentive will become part of the Population Health Management business group within Philips where it will be integrated […]

May 12, 2016 - HPF – Harbert Power Fund V, LLC Acquires Calhoun Power Company

Birmingham, Alabama, May 12, 2016 – Harbert Power Fund V, LLC (“HPF V”), through its subsidiary, East Alabama Generating, LLC, has completed the acquisition of the Calhoun Energy Center from LS Power Equity Advisors.  Calhoun is dual-fuel, simple-cycle peaking facility located in Eastaboga, Alabama. “Calhoun has a history of providing reliable and flexible peaking service […]

April 1, 2016 - HPF – HMC Affiliate Gulf Pacific Power, LLC to Acquire up to a 25% Interest in Desert Sunlight

Birmingham, Alabama, March 23, 2016 – Harbert Management Corporation (“HMC”) is pleased to announce  that its affiliate investment fund Gulf Pacific Power, LLC (“GPP”) has entered into  definitive agreements with Sumitomo Corporation of Americas (“SCOA”) to acquire up to a 25% ownership interest in Desert Sunlight Investment Holdings, LLC (“Desert Sunlight”).  Desert Sunlight owns two solar […]

February 11, 2016 - HEGCF – Tango Telecom’s Cloud-based Data Retail Engine to revolutionise the data roaming market.

Limerick, Ireland, 28th January 2016: Tango Telecom, (www.tangotelecom.com), a leading provider of Data Monetisation Solutions, today announced the launch of cloud-based Data Roaming Services, enabling mobile operators to offer innovative roaming services including highly flexible data roaming plans, sponsored data roaming and silent roamer campaigns in addition to bill-shock prevention. Powered by Tango Telecom’s Data […]

January 22, 2016 - HMC Announces the Promotion of Several Key Employees

BIRMINGHAM, Ala., Jan. 22, 2016 – Raymond Harbert, Chairman and CEO of Harbert Management Corporation, announced promotions of Sonja Keeton, Travis Pritchett, Jerry Phillips and Raymond Harbert Jr., effective January 1, 2016. Sonja Keeton has been promoted to Executive Vice President and Chief Financial Officer. She will take over the CFO responsibilities and run the […]

December 9, 2015 - HUSREF – Harbert United States Real Estate Fund V Closes on a Major Suburban Cincinnati, Ohio Office Portfolio

HMC completes acquisition of a five-building portfolio of 730,000 square feet in Governor’s Pointe and Governor’s Hill located in suburban Cincinnati/Mason, Ohio from Duke Realty, Inc. Birmingham, Alabama, December 9, 2015 – Harbert United States Real Estate Fund V, L.P. (“HUSREF V”), in conjunction with Smith/Hallemann Partners, recently acquired a 730,000 square foot, five-building office […]

November 23, 2015 - HVP – Harbert Venture Partners Congratulates 2015 Deloitte Fast 500 Winners

Richmond, VA, Nov. 23, 2015 – Harbert Venture Partners is pleased to acknowledge our five portfolio companies recently recognized in the 2015 Deloitte Fast 500, which provides a ranking of the fastest growing technology, media, telecom, life sciences and energy tech companies (public and private) in North America (US and Canada).  The ranking is based […]

August 21, 2015 - HUSREF V Closes on Sterling Pointe I & II Office Buildings

Birmingham, Alabama, Aug. 21, 2015 – Harbert United States Real Estate Fund V, L.P. (“HUSREF V”), in conjunction with The Simpson Organization (“TSO”), recently acquired Sterling Pointe I & II, a two-building, 351,000 square foot,  Class A office portfolio in the Central Perimeter submarket of Atlanta, Georgia. TSO and HUSREF V closed on the office […]

June 3, 2015 - HUSREF V – Harbert United States Real Estate Fund V Closes on 1,598‐Unit Apartment Portfolio

Birmingham, Alabama, June 3, 2015 – Harbert United States Real Estate Fund V, L.P. (“HUSREF V”), in conjunction with Balfour Beatty Communities, LLC (“Balfour Beatty”), recently acquired the DFW 5 Portfolio, a  5 property 1,598-unit Class-B+/A- multifamily portfolio in Dallas-Fort Worth, TX.  HUSREF V and Balfour Beatty (the “JV”) identified the acquisition as an opportunity […]

May 29, 2015 - HEGCF – HMC Raises 122 Million Euro for First European Growth Capital Fund

Birmingham, AL, May 29, 2015 – Harbert Management Corporation, an investment management firm focusing on alternative assets, is pleased to announce the final closing of its first European private debt fund, the Harbert European Growth Capital Fund I (“HEGCF” or the “Fund”) at €122 million. The Fund has completed this final close thanks to strong […]