Los Angeles private equity firm Revolution Capital Group said that it has acquired Capital Exchange, an online community serving the financial community.
Terms of the deal were not disclosed. Capital Exchange, based in Valencia, provides networking opportunities for investment banks, private equity firms, hedge funds, M&A professionals and lending institutions.
“We feel that CapXG is superior to the few competing sites out there, and fills a void that exists in the financial community,” Cyrus Nikou, a Revolution founding partner, said in a statement. "The site differentiates itself by its breadth of information, ease of use, technical construction and the fact that it is free to users."
The site’s operations will be led by Chongyang Luo, chief technology officer and operations director for the Capital Exchange and now director of technology for Revolution Capital.