What's New

2012 Holiday Update

As you have likely read in the press, Starbucks recently announced its agreement to acquire our portfolio company, Teavana (NYSE: TEA), for $620 million in cash. This highly strategic transaction represents a terrific outcome for Teavana’s shareholders, founders Andy and Nancy Mack, Teavana’s management team, and investors in SKM Equity Fund III. Read more...

2012 Summer Update

Despite the widely-noted sluggishness of the overall economic recovery, the second quarter of 2012 was another exciting and productive period at Parallel. Our portfolio companies in our most recent fund continued to achieve strong year-over-year performance, delivering over 15% growth in revenue and approximately 40% growth in EBITDA on a year-to-date basis. We believe this strong performance trajectory bodes well for continued value creation and future liquidity events within the portfolio over the next several quarters. Read more...

2012 Spring Update

Through the first quarter of 2012, we added considerably to our track record of completing successful exit events with the sale of a controlling interest in Trilogy Production Equipment, the sale of Quartermaster, and a successful initial public offering for Regional Management Corp (NYSE: RM). In total, over the last three quarters we have sold two portfolio companies and taken two companies public on the NYSE, including Teavana's IPO (NYSE: TEA) completed in Q3 2011.  Read more...