Press Releases

March 13, 2017 - HEREF: Harbert-Welwyn-Environment-Agency-Letting

Harbert Management Corporation and XLB Property have secured the Environment Agency to take 21,909 sq ft on the ground and first floors at Alchemy, Welwyn Garden City. The Environment Agency join existing tenants Deutsche Telekom and Pinnacle Engineering, taking the building to over 80 per cent let. Harbert Management Corporation and XLB Property purchased Alchemy […]

March 10, 2017 - HEGCF – London AI startup LoopMe secures $10m

LoopMe, a London-based artificial intelligence (AI) startup, has secured $10m in a continuation of its Series A funding round. The firm, which uses AI in brand advertising, received funds from Impulse VC, Harbert European Growth Capital Fund (HEGC) and existing investors Holzbrinck Ventures and Open Ocean Capital. LoopMe’s AI technology learns how people react to […]

November 15, 2016 - HPF – Harbert Power Fund V, LLC Acquires Interest in Large Power Portfolio

Birmingham, Alabama, November 15, 2016 –Harbert Power Fund V, LLC (“HPF V”), in partnership with UBS Asset Management (“UBS”) and Northwestern Mutual (“NM”), has completed the acquisition of a portfolio of power assets located throughout the United States and in Trinidad and Tobago from First Reserve and Beowulf Energy. HPF V and its partners formed […]

November 14, 2016 - HEREF – Trafford Point spec shed secures first letting

Harbert European Real Estate Fund III has let a 141,480 sq ft warehouse near Manchester to SIG Trading. The letting coincides with the completion of the 240,107 sq ft speculative warehouse scheme at Trafford Point. The Trafford Point development is split into two units, of 141,480 sq ft and 98,627 sq ft, and is located […]

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 […]