Intelsat, the operator of communications satellites that has major operations in the District, was selected by the African Virtual University to help make fast Internet connections more available to universities in Africa. A consortium of U.S.-based foundations is funding the initiative.
Laurelwood Ventures, which invests in private equity funds, said two of its managing partners, Robert A. Maruszewski and Andrew G. Wert, created Key Bridge Partners. The new entity will focus on buying and growing manufacturing companies with $10 million to $150 million in revenue in partnership with private equity firms.
Fulbright & Jaworski said Irving M. Pollack, a former member of the Securities and Exchange Commission, and Laurence Storch, his law partner since 1981, have joined the firm's District office.
Highland Hospitality of McLean, which owns hotel properties, said it expects $176.5 million in gross proceeds from a secondary offering. The company is selling 10 million shares of common stock at $10.15 a share and 3 million shares of preferred stock at $25 a share.
CompuDyne of Annapolis bought Xanalys Corp. of Waltham, Mass., on terms that were not disclosed. Xanalys makes software used to collect information and solve cases for law enforcement, homeland security and intelligence agencies as well as for financial and insurance companies.
Soil Safe of Columbia, which processes lightly contaminated soil into construction material, has been sold for $114.5 million. The seller was the Halifax Group, a District-based private equity firm. The buyer was an affiliate of American Capital Strategies of Bethesda.