Elevation Partners
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Elevation Partners is a private equity firm that invests in intellectual property and media and entertainment companies. Its founding partners include Roger McNamee, a former founding partner of Silver Lake Partners and Integral Capital Partners; Marc Bodnick, a former founding principal of Silver Lake; Fred Anderson, former CFO of Apple Computer; John Riccitiello, former president and COO of Electronic Arts; Bret Pearlman, a former senior managing director of the Blackstone Group; and U2 lead singer Bono.
Early in 2005 (as its first major venture), Elevation attempted to purchase Eidos Interactive. However, its bid failed and the video games giant was sold to rival SCi Entertainment.
On November 3, 2005, Elevation invested $300 million to create an alliance between video game developers BioWare and Pandemic Studios, making it one of the biggest independent developers in the world. It also invested $100 million in Move.com, which operates real estate information services.
In August 2006, Elevation announced that it had made an investment in Forbes Media, the parent company of Forbes Magazine and Forbes.com.
It is named afters U2's single "Elevation".[citation needed]
- BioWare / Pandemic Studios
- Forbes
- Home (formerly Homestore, Inc.)