IXL wraps up Consumer Financial Network financing

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E-business developer iXL Enterprises completed a $130.5 million round of financing for its Consumer Financial Network venture, which iXL intends to become a standalone enterprise. The investment, managed by Goldman Sachs, includes lead iXL investors Kelso and Chase Capital Partners as well as new investors Capital Research, First Union, Hearst-Argyle Television, J.W. Seligman, Royal Bank of Canada, Equifax, Westway Capital, Nevo Investments and several individuals. IXL remains CFN's largest single shareholder.

Copyright March 2000, Crain Communications Inc.

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