Wednesday, January 12, 2011
JMI Equity Boosts Adknowledge In $200M Deal
San Diego-based private equity firm JMI Equity has backed Internet advertising firm Adknowledge, as lead on a $200M debt and equity financing round for that firm. Adknowledge, which is based in Kansas City, MO, said today that it raised $200M in debt and equity to fuel its growth and for future acquisitions, led by JMI Equity. The debt portion of the round came from Bank of America. As part of the investment, JMI Equity General Partner Brad Woloson has joined Adknowledge's board. Adknowledge has over 330 employees and $300M in revenues.