November 2011 Update

Our team remains active in the lower middle market as we head into the concluding months of 2011.  HVCI continues to focus on providing senior term loans to companies with recurring/repeating revenues and Ebitda of $2 million to $7 million.

Senior Debt
HVCI provides debt capital beyond the amount that is available in the senior debt market.  In addition, we offer flexible terms to support the company’s business strategy.  Our pricing is in the range of 10.5% to 12.5%.  HVCI’s loan size is $3 million to $20 million.
Activity Updates HVCI has made two new loans and advanced additional funding in one existing loan so far in 2011. See our complete portfolio here.

 

  • Pneumatic Control Technologies – provider of an alternating leg pressure pneumatic pump and related disposal leg garments that are used for the prevention of Deep Venous Thrombosis. HVCI provided $14.5 million in senior debt to support the buyout of the company.
  • eCampus –  an on-line seller of textbooks to students at colleges and private high schools. HVCI provided an $8 million senior debt facility to support the company’s expansion into textbook rental.
  • POU Partners – the service company rents, installs, and provides maintenance services for on-premise water purification systems to commercial users. HVCI provided a $4 million senior debt facility to a new entity formed to acquire POU Partners, and additional advances of $2.3 million.

 

HVCI currently has $75 million invested in ten loans.  We have available capital and are continuing to look for new investments.

New Principal Named

HVCI recently named Zachary G. Urban, CFA as Principal of the company. In the role, Mr. Urban will manage deal sourcing and execution, investment portfolio oversight and interaction with the firm’s partners.

 

Prior to joining HVCI,  Mr. Urban spent ten years at Donnelly Penman & Partners (DP&P), a regional investment bank.  He brings significant experience in investment analysis, transaction valuation, leveraged buyout, capital structure analysis, forecasting and other critical areas.  Read the full announcement here.

 

 

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