February 28, 2015 6:09 PM ET

Capital Markets

Company Overview of Oak Investment Partners XII, L.P.

Company Overview

Oak Investment Partners XII, L.P. focuses on investments in mature companies. It invests in start-ups right from their formation as well as invests in growth and late stage rounds. The fund typically invests in technology companies with a focus on enterprise software, storage infrastructure, communications, semiconductors, and Internet. It also invests in life sciences focusing in biopharmaceuticals and healthcare information and services. The fund will seek ownership levels of at least 15 percent with some positions greater than 50 percent. It invests between $15 million and $100 million.

Three Pickwick Plaza

Suite 302

Greenwich, CT 06830

United States

Founded in 2006





Key Executives for Oak Investment Partners XII, L.P.

Managing Partner and Co-Founder
Age: 72
Managing Partner and Chairman
Age: 54
Managing Partner
Age: 52
Managing Partner
Age: 57
General Partner and Chief Operating Officer
Compensation as of Fiscal Year 2014.

Oak Investment Partners XII, L.P. Key Developments

VisionChina Media Inc., Vision Best Limited, Oak Investment Partners XII, Limited Partnership, Gobi Partners, Inc., Gobi Ventures, Inc., Gobi Fund, Inc. and Gobi Fund II, L.P. and Shareholder Representative Services, LLC and Thomas GaiTei Tsao Announces Proposal of Settlement of Pending Litigation with Selling Shareholder of Digital Media Group

VisionChina Media Inc. and its affiliate Vision Best Limited along with Oak Investment Partners XII, Limited Partnership ("Oak"), Gobi Partners Inc. n/k/a Gobi Ventures Inc., Gobi Fund Inc. and Gobi Fund II, L.P. and Shareholder Representative Services, LLC and Thomas GaiTei Tsao announced that they have reached a confidential settlement of related lawsuits filed in the New York State Supreme Court and the Grand Court of the Cayman Islands, Financial Services Division, arising out of the 2009 acquisition by VisionChina from the Selling Shareholders of Digital Media Group Ltd. The Settlement agreement is expected to be signed and executed in the second quarter of 2014, subject to approval by VisionChina Media's shareholders and other customary closing conditions. The proposed settlement was reached through good faith efforts of all parties to resolve all proceedings and claims, including all claims by the Selling Shareholders against VisionChina for breach of contract with respect to post-closing consideration for the acquisition. Under the terms of the settlement, VisionChina would pay the Selling Shareholders $70 million, consisting of $12 million in cash and $58 million in six-year term convertible promissory notes issued by VisionChina, in addition to certain other consideration. Under the terms of the proposed settlement, the closing of the Settlement Agreement is subject to approval by VisionChina Media shareholders. The Company plans to hold an Extraordinary General Meeting on April 24, 2014 and to publish a notice of the meeting soon. Having thoroughly analyzed the Settlement Agreement and other alternatives available, the Board of Directors of the Company was in the opinion that the settlement is in the best interest of the Company's shareholders. The Directors have decided to enter into the Settlement Agreement and recommend that VisionChina shareholders vote to confirm and approve the Settlement Agreement with the Selling Shareholders.

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