Behrman Capital Makes Equity Commitment of $50 Million to Support Growth of the Strategic Management Group, Inc.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & SAN FRANCISCO--(BUSINESS WIRE)--Sept. 14, 2000 -- Investment in Corporate Management Training Company Second for Behrman Capital's New Private Equity Fund -- Behrman Capital, a private investment firm focused on emerging growth companies, today announced that it has made an equity commitment of $50 million to support the growth of the Strategic Management Group, Inc. ("SMG SMG - Screen Management Guidelines. A VMS package of run-time library routines providing windows on DEC VT100 terminals. "), a leading provider of management training products and services. The Company delivers its products and services to Fortune 1000-class companies through the Internet and instructor-led sessions. A global learning organization, SMG creates performance improvement programs targeted at a wide range of employee groups including executives, team leaders, managers, product managers, and salespeople. Founded in 1981, SMG has been improving enterprise and individual performance for almost two decades. Its products feature simulation-based training in such areas as leadership, project management, e-Business and business acumen. In addition to standard products, SMG offers consulting and instructional design Instructional design is the practice of arranging media (communication technology) and content to help learners and teachers transfer knowledge most effectively. The process consists broadly of determining the current state of learner understanding, defining the end goal of services to customize its solutions to solve business issues. SMG's clients include: Bayer Corporation, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc., GE, Kimberly Clark and Motorola. This transaction is the second equity investment for Behrman Capital III L.P., the firm's new private equity fund. "We see SMG as playing an increasingly important role in the growing market for corporate e-Learning," said Darryl Behrman, Managing Partner at Behrman Capital. "They are well-positioned because of their simulation-based content which is delivered over the Internet and through live training." "SMG is very excited to be partnering with Behrman Capital as we expand our Internet-delivered product offerings," said Leslie Spero, Ph.D., SMG's Chief Executive Officer. "Harnessing the power, reach, and interactive aspect of the Internet opens up an unparalleled opportunity for SMG to deliver interactive value-added learning tools that develop the skills of business professionals." About Behrman Capital: Based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Behrman Capital was founded in 1992 by Darryl G. and Grant G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth companies and provides expansion capital to emerging growth companies. The company's investments are focused primarily in three industries: information technology, telecommunications services, and business-to-business outsourcing. The firm currently has a combined capital base exceeding $1.5 billion. |
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