Bloomfield Hills, MI: Nov 15, 20111: HV Capital Investors (HVCI) announces it closed three search fund investments during the third quarter of 2011. The search fund investments include Back Country Capital, High Park Capital, and Mont Vista Partners. The investments were made through HVCI’s affiliate, RHV Capital (RHV).
A search fund is a pool of capital raised to financially support the efforts of an entrepreneur, or a team of entrepreneurs, to locate a privately held company for acquisition.
About the Search Funds
BackCountry Capital (Denver, CO) is an entrepreneurial investment firm focusing on middle market business acquisitions. http://backcountrycapital.com/
High Park Capital Partners (Toronto, Canada) targets small to medium size services business with operations based in Canada. The team positions itself as a long-term capital provider for the next stage of growth for firms with $4 to $30 million in enterprise value http://www.highparkcapital.com/
Mont Vista Partners (Toronto, Canada) focuses on Canadian and U.S. acquisition candidates with a stable recurring revenue base, strong growth potential, a high return on invested capital, and an existing sustainable competitive position http://www.montvistapartners.com
RHV was formed in 2008 to focus on search fund investments. It has completed 29 search fund investments since its formation.
Notes Paul Rogers, Managing Director for RHV. “Identifying acquisition targets and analyzing investments for upside potential is critical to search fund success. Each one of these search funds has the necessary training and expertise to execute on those priorities. HVCI focuses on the lower middle-market and looks for companies with recurring service revenues. Search funds use similar investment criteria, so our search fund investing is a natural extension of our overall strategy.”
About HV Capital Investors (HVCI), HV Capital Investors, LLC (http://www.hvcapitalinvestors.com) is a private investment company that provides debt and equity financing to companies that have the capacity to generate predictable cash flow from operations. The firm provides both senior and subordinated debt, and it makes non-control equity investments through an affiliate. HVCI was formed in 2003 and is headquartered in Bloomfield Hills, Michigan.
About RHV Capital (RHV), RHV Capital, LLC (http://www.hvcapitalinvestors.com) is an affiliate of HVCI that provides equity to search funds and makes minority investments in operating companies in conjunction with other institutional investors and private equity firms. RHV has invested in 25 search funds and has seven active minority equity investments in operating companies. RHV was formed in 2008 and is headquartered in Bloomfield Hills, Michigan.
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