Praesidian Capital is committed to partnering with leading companies
to execute the following investment strategies:
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$4 million debt investment to support growth
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| Bridge Capital Solutions Corporation is Long Island’s premier licensed commercial check casher. Bridge Capital provides liquidity to local Long Island businesses to fund working capital needs. The Company offers a highly desirable service to businesses by bridging the gap between customers’ payments and the availability of those funds.
In December 2009, Praesidian invested $4 million of senior secured debt in Bridge Capital to support growth.
www.bridgecapitalsolutionscorp.com |
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$10 million of senior secured debt invested in EmpireCLS Worldwide Chauffeured Services
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 | EmpireCLS is one of the largest chauffeured transportation companies in the world, operating in more than 650 cities around the globe. More than transportation from point A to point B, EmpireCLS has built a reputation for providing a luxurious and comfortable transportation experience beyond the ride. This experience encompasses not only the physical transportation, but also the myriad tools and services that make client interactions with EmpireCLS simple, effortless, secure, comfortable and consistent.
www.EmpireCLS.com |
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$11 million debt investment to support company’s growth plans read more
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Lucky Strike is the defining brand in the upscale bowling category. The Company has successfully established its own niche in retail entertainment by offering a unique mix of bowling, lounge, restaurant, bar and party experiences in a cozy and artistic atmosphere. Each of the Company’s 16 locations features modern décor, 12 to 26 bowling lanes, a full menu of quality food and beverages, a lounge area, separate areas for private parties and a centrally-located multi-media bar. In April 2009, Praesidian invested $11 million of senior secured debt in Lucky Strike for growth and expansion plans in the retail entertainment industry.
www.bowlluckystrike.com |
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$16.5 million debt investment to support recapitalization by DFW Capital Partners and management read more
 | Headquartered in New York City, Venio is a leading provider of asset recovery services, specializing in uniting heirs with unclaimed assets held by banks, corporations and mutual fund companies. The Company is retained by these institutions to locate owners of dormant accounts and return unclaimed assets, which would have otherwise been escheated to state governments, to their rightful heirs. Venio is composed of three separate operating companies, Jaisan LLC, SMS Group, LLC and SMS-VISS, LLC and services over 400 banks, individual companies, transfer agents and mutual fund companies. Praesidian provided $16.5 million of debt to support the recapitalization of Venio, LLC by DFW Capital Partners and management.
www.venio.com |
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$12 million of senior subordinated debt to assist in the acquisitions of Q1 Production Technologies Inc. and Ed and Ted’s Excellent Lighting, Inc. by H.I.G. Capital read more
 | Epic Production Technologies is the product of the combination of Q1 Production Technologies, Inc. and Ed and Ted’s Excellent Lighting, Inc., two leading providers of lighting systems for concert tours, theatrical productions and corporate and special events throughout North America. Q1 Production Technologies, Inc. provides a comprehensive range of lighting and rigging for rentals and production, as well as a wide selection of lighting, rigging, audio, staging and soft goods for sales and integration. Ed & Ted’s Excellent Lighting, also a provider of lighting and rigging rental and production services, has particular expertise in the concert lighting industry. Epic was formed with the support of H.I.G. Capital, LLC. In September 2008, Praesidian invested $12 million of senior subordinated debt to assist in the acquisitions of Q1 Production Technologies Inc. and Ed and Ted’s Excellent Lighting, Inc. In November 2009, Praesidian invested an additional $1.5 million in subordinated debt to support the combined company’s continued growth.
www.epicpt.com |
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$16 million subordinated debt investment to support the acquisition of
The Shirt Factory read more
 | Life is Good, Inc. ("LIG") designs, develops, sources, and licenses apparel, accessories, and beach products that spread a fresh outlook on life through its optimistic cultural hero, Jake®, on the Life is good® brand.
LIG was founded in 1995 by Bert and John Jacobs. In March 2005 Praesidian Capital agented a $16 million Subordinated Debt investment in LIG to support the acquisition of
The Shirt Factory, a t-shirt finishing and distribution company which had been operating under a license agreement with LIG.
www.lifeisgood.com |
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$7.2 million in Senior Notes to aid a buy-back of the agency from an investment group. read more
 | BenefitPort is a general insurance agency specializing in health care benefits for small and medium-sized companies in the New York, New Jersey, and Pennsylvania markets. On April 13, 2005 Praesidian Capital provided $7.2 million in Senior Notes to help the Company's founder buy it back from an investment group controlled by Marsh McLennan.
www.mybpma.com |
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$10 million senior subordinated debt investment to support
management-led recapitalization
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 | Resolution Economics is one of the nation's premier labor economics and statistical consulting firms, providing sophisticated economic and statistical analysis, as well as information collection and data management services, in support of various litigation and non-litigation matters. The firm's clients include major law firms, Fortune 500 Companies, government agencies and insurance companies, as well as smaller companies and single plaintiffs.
In March 2008, Praesidian provided $10 million in senior subordinated debt to support the
management-led recapitalization of Resolution Economics.
www.resecon.com |
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$9.75 million in mezzanine debt to support the recapitalization of
Pro-Motion by DBI Capital and EFM Capital Partners
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 | Pro-Motion Distributing has been the leader of distributing aftermarket automotive performance parts in the sport compact car market since it was founded in 1989 by Eugene Inose and Jeffrey Louie. With over 4,000 accounts across North America, South America, Japan, Mexico, Europe, and Australia, Pro-Motion is known throughout its industry for its leadership in carrying quality products and providing premier customer service.
In April of 2006, Praesidian provided $9.75 million in mezzanine debt to support the recapitalization of Pro-Motion by DBI Capital and EFM Capital Partners.
www.pmdistributing.com |
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Financing provided to aid the acquisition of GE Instrument
Services.
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 | Davis is a leading distributor, calibrator and manufacturer of test, measurement, and control instruments. Davis has successfully acquired and integrated 10 companies since 2000. The acquisition of GE Instrument Services in July gives the Company a national presence and guarantees a significant portion of revenues for five years by General Electric Company.
www.davis.com |
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$5 million in subordinated debt to support the recapitalization of CODi by Milestone Partners and management
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 | CODi is a provider of notebook computer carrying cases and information technology accessories such as security locks, wireless mice, port replicators and power adaptors, to Fortune 500 companies. Tim Hoagland and Steve Dayton founded CODi in 1992 and continue to lead the Company, which has secured a significant competitive advantage by using its direct sales force to become a one-stop, custom, turnkey procurement solution for its customers in a market in which purchasing through distributors and value-added resellers is the norm.
In July 2005 Praesidian provided $5.0 million in subordinated debt to support the recapitalization of CODi by Milestone Partners and management.
www.codidirect.com |
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$7.2 million in subordinated debt to support the acquisition of
Nutritional Laboratories International, Inc. by management and RedDiamond Capital
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 | Nutritional Laboratories International, Inc. is one of the nation's leading manufacturers of
nutritional and dietary supplements. The Company develops manufactures, and packages custom vitamin and mineral formulations, botanical, weight loss and other functional formula supplements for recognized branded product marketing companies.
Praesidian Capital provided $7.2 million in Subordinated Debt to support the acquisition of Nutritional Laboratories International, Inc. by management and RedDiamond Capital, in February of 2005.
www.nutritionallabs.com |
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$9.3 million in mezzanine financing to develop new locations in Chicago
& Miami
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David Barton Gym, the premier boutique gym group, operates fashionable gyms and provides industry-leading innovative personal training services in New York, Miami and Chicago. The gyms blend David Barton Gym's substantial proprietary exercise-science knowledge-base and exceptional yet easygoing service with stylish settings that embrace design and attitude reflective of distinct neighborhoods and the affluent and trendsetter clienteles.
Since August 2005, Praesidian has provided $9.3 million in mezzanine financing, helping David Barton Gym develop distinctive new locations in Chicago and Miami.
www.davidbartongym.com |
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$6 million in mezzanine financing provided to aid Stonebridge Partners in a $28.5 million recapitalization
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Founded in 1949 and Headquartered in Pulaski, Virginia, BondCote has evolved from a cut and sew manufacturer of plastic, waterproof fabrics into a leading provider of high performance coated and laminated fabrics. As the BondCote reputation for quality has spread within the industry, the Company has expanded its design services and technical capabilities. Today, BondCote provides coated and laminated fabrics and materials to two primary markets: Government/Military and Commercial/Industrial accounting for approximately 75% and 25%, respectively, of total revenue.
Praesidian provided $6,000,000 in mezzanine financing to aid Stonebridge Partners in a $28.5 million recapitalization of BondCote.
www.bondcote.com |
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Financing provided to support the company’s growth and
acquisition plans.
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RAI Insurance Agency LLC was formed to originate life insurance policies, manage the policies, finance premiums and loan accounts, and ultimately sell specific premium financed policies into the secondary market. In addition to commissions and the interest and fees associated with the loans, RAI may benefit from the sale of the policies into the secondary market after 27 months, often at a significant premium, which is shared with the insured.
www.raigroup.com |
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$8.5 million in senior subordinated debt and $250 thousand of equity provided to support the recapitalization of AMI
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Headquartered in Pacoima, California, Arc Machines, Inc. ("AMI") is the leading designer, manufacturer and distributor worldwide of a broad range of automated orbital welding equipment which is sold to a “blue-chip” client list — in a wide variety of industries — aerospace, semiconductor, bio-pharmaceutical, nuclear, power generation, shipbuilding, defense, dairy/food processing, oil & gas installations and petrochemical.
In January 2008, Praesidian provided $8.5 million in senior subordinated debt and $250 thousand of equity to support the recapitalization of AMI by Marwit Capital and AMI Management.
www.arcmachines.com |
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$6.5 million in subordinated debt and redeemable preferred equity provided to support the acquisition of Eateries by Cordova, Smart & Williams, LLC, Waterview Capital and management
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Founded in 1984 and headquartered in Edmond, Oklahoma, Eateries is the parent company of two fast-growing casual dining concepts: Garfield's Restaurant & Pub and Garcia's Mexican Restaurant. Located in 23 states in the eastern U.S., Garfield's offers guests a wide variety of American menu selections. Primarily located in Phoenix, Arizona, Garcia's Mexican Restaurant offers a traditional menu of fresh, high-quality Mexican food.
In January 2007, Praesidian provided approximately $6.5 million in subordinated debt and redeemable preferred equity to support the acquisition of Eateries by Cordova, Smart & Williams, LLC, Waterview Capital and management.
www.eats-inc.com |
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$10 million in senior subordinated debt to support the acquisition of Granite Seed Company by Marwit Capital Partners.
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Founded in 1988, Granite Seed specializes in the supply of seed and erosion control products and services for land reclamation and erosion prevention associated with a variety of natural and man-made disturbances. The Company is a “one-stop” shop for seed and erosion control solutions in the western United States. PCI invested $10,000,000 of senior subordinated debt and $250,000 of preferred stock to support the acquisition of Granite Seed Company by Marwit Capital Partners.
www.graniteseed.com |
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$6.5 million provided for the recapitalization of SBR.
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SBR, headquartered in Bedford, NH, is the leading owner and operator of premium coin-operated massage chairs in the United States. The Company's 2,400 installed massage chairs are custom designed for a premium look and feel with the durability for extended use in public venues — over 350 retail malls across the country.
In September 2006, Praesidian provided subordinated debt financing in the amount of $6.5 million for the recapitalization of SBR.
www.sitbackrelax.com |
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$3 million subordinated debt financing provided to support Planet Fitness' acquisition of World Gym International, a franchisor of 268 health and fitness centers in more than 30 states and 20 countries.
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Planet Fitness, founded in 1992, is the leading value health club chain in the United States. The Company owns and operates company-owned fitness facilities and is a master franchiser of Planet Fitness facilities across the country. Planet Fitness has nine company-owned fitness facilities, six in New Hampshire, one in Massachusetts and two in Chicago. The Company also has an additional 77 franchised locations currently open across 19 states.
In November 2006, Praesidian provided subordinated debt financing in the amount of $3 million to support Planet Fitness' acquisition of World Gym International, a franchisor of 268 health and fitness centers in more than 30 states and 20 countries.
www.planetfitness.com |
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$4.5 million in subordinated debt provided to assist in the acquisitions of DisplayWorks and Marketcraft by JPB Enterprises, Inc.
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DisplayWorks and Marketcraft are premier producers of exhibits and branded environments around the world. They specialize in face-to-face marketing using the innovative design of physical environments to communicate and build integrated brand platforms. Their extensive portfolios include the design of museums, interpretive and visitors' centers, exhibitions and trade shows, entertainment venues, theme parks, retail and other interior architectural programs, as well as major themed events and strategic communications solutions.
In March 2008, Praesidian provided $4.5 million in subordinated debt to assist in the acquisitions of DisplayWorks and Marketcraft by JPB Enterprises, Inc.
www.displayworks.com | www.marketcraft.com |
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Senior secured debt provided to support the equity and growth
capital investments in NTP by Palladian Capital Partners and NTP Management.
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NTP is the largest independent used heavy duty truck inspection and warranty provider in North America. Headquartered in Carlstadt, NJ, NTP provides used truck buyers including owner-operators, fleet owners and dealerships with a "one-stop shop" for warranties and is the only provider to offer "wear-out" protection for working parts (parts contributing to oil consumption) and performance complaints, while providing uncapped mileage and repair payouts. NTP also owns Dover Diesel Service, Inc., a provider of repair, inspection and rebuilding services for diesel engines.
In April 2007, Praesidian provided senior secured debt to support the equity and growth capital investments in NTP by Palladian Capital Partners and NTP Management.
www.nationaltruckprot.com |
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Mezzanine capital invested to help facilitate the company's
growth plan.
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Solatube is the premier developer, manufacturer and marketer of state-of-the-art high performance daylighting systems for use in a wide range of residential, commercial, institutional and industrial buildings. The Company uses a patented advanced optics technology to significantly improve the way daylight is captured, transferred and delivered into buildings, allowing natural lighting to be introduced where historically it has not been an option.
Solatube is ideally positioned to capitalize on the emerging sustainable design initiatives worldwide, and in August 2007, Praesidian invested mezzanine capital to help facilitate the company's growth plan.
www.solatube.com |
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$6.5 million in senior subordinated debt financing provided to support the acquisition of the publicly held shares of Tzell's parent, CNG Travel Group PLC (CTV), an Irish public limited company, by an investor group comprised mainly of Tzell's senior management team.
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Tzell is a top ten business travel company that serves as a support and aggregation entity for independent travel agencies with established client bases. >Tzell's> agents and affiliates serve value-added niches such as finance, luxury goods, fashion, sports and entertainment. By aggregating the purchasing power of multiple organizations, the Company acts as an umbrella organization for mid-sized travel agencies which, in return, benefit from Tzell'scentrally negotiated contracts, central back office support and office space, while retaining their independence to run their own businesses.
In August 2007, Praesidian provided $6.5 million in senior subordinated debt financing to support the acquisition of the publicly held shares of Tzell's parent, CNG Travel Group PLC (CTV), an Irish public limited company, by an investor group comprised mainly of Tzell's senior management team.
www.tzell.com |
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