NewGate Takes Stake In Green Retail Startup

Law360, New York (October 14, 2011, 6:09 PM EDT) -- Venture capital and private equity firm NewGate Capital Partners announced Friday that it has taken an equity stake in Orlando, Fla.-based BLP Commerce Inc. with a view to rallying investors in the company’s online organic flower business and other eco-friendly retail startups.

BLP partnered with NewGate to develop its flagship brand and guide the company towards its capital raise. With the firm taking a lead equity position to syndicate a private equity investment, BLP intends to continue its expansion in the eco-friendly consumer space, according...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.