Tuesday, December 9, 2008

Saints Capital Buys Portfolio From Rustic Canyon Partners

San Francisco-based Saints Capital said Tuesday that it has purchased the interest a broad swath of portfolio firms of Los Angeles-based Rustic Canyon Partners. According to Saints Capital, it has formed Saints Rustic Canyon L.P. to acquire interests in nineteen different companies formerly held by Rustic Canyon Ventures, L.P., as well as 20% of eight other firms held by Rustic Canyon Ventures SBIC, L.P. According to the firms, the sale was made to provide liquidity to Rustic Canyon's biggest L.P. Companies included in the portfolio sale included Archom Technology, Astea International, Auxora, Cooking.com, iCopyright, EM4, Foodlink Online, HyperQuality, Jo-Ann Stores, JRJK, Internet Brands, LoopNet, MediaSpan Group, NanoNexus, ODS-Petrodata, PC On Call, Serious Materials, US Renewables Group and Visto Corporation. The firms included in the 20% strip sale were Capella Photonics, Fulcrum Bioenergy, Intrepid Learning Solutions, Serious Materials, SiliconSystems, Transonic Combustion, Trion World Network and Untangle.