HV Capital Investors (HVCI) recently announced its investment in the search fund Vierville Capital in conjunction with the acquisition of Pyott-Boone Electronics.
Pyott-Boone is a leading developer, manufacturer, and marketer of safety, communication and monitoring products for underground mining and tunneling. The company is a dominant supplier of these products to the U.S. coal industry through its extensive network of distributors and relationships with major coal producers.
The investment was made through HVCI’s affiliate, RHV Capital (RHV). RHV was formed in 2008 to focus on search fund investments. It has completed 24 search fund investments since its formation.
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.
“We’re very excited to have RHV as an investor,” stated Stuart Champion de Crespigny, Managing Director of Vierville Capital. “RHV’s team has strong investment and operational experience and their investment in this venture is validation of our approach.”
Champion de Crespigny will take over as Pyott-Boone’s CEO. Prior to founding Vierville Capital, he worked in investment banking for the Macquarie Group in Sydney, Australia and London, United Kingdom.
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 24 search funds and has seven active minority equity investments in operating companies. RHV was formed in 2008 and is headquartered in Bloomfield Hills, Michigan.
About Vierville Capital,
Composed of a host of successful entrepreneurs, operators, and investors, Vierville Capital (http://www.viervillecapital.com) is a private investment group with extensive resource industry expertise, which was founded to identify, acquire and operate a growth business. Vierville Capital is headquartered in San Francisco, California.