HV Capital Investors Gives Green Light to SHR Capital Partners Investment
Bloomfield Hills, MI (News4us.com) May 19, 2011
HV Capital Investors (HVCI) recently announced its investment in SHR Capital Partners, a search fund headquartered in Greenwich, Connecticut. The investment was made through HVCI’s affiliate, RHV Capital (RHV).
“Capital is available to those with sound business plans,” said Glenn Healey, Managing Director of HVCI. “The team at SHR Capital has a strong background and their approach to investing is complementary to our own.”
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. SHR seeks acquisition candidates in the business services, consumer services, and health care services industries.
RHV was formed in 2008 to focus on search fund investments. It has completed 24 search fund investments since its formation.
“We’re very excited to have RHV as an investor,” states Haas Ragab, founder of SHR. “RHV has a reputation for backing innovative strategies paired with strong business fundamentals. Their investment is a validation of our overall approach.”
“HVCI focuses on the lower middle-market and looks for companies with recurring service revenues,” said Healey. “Search funds are using similar investment criteria, so forming RHV to make search fund investments was a natural extension of our investment strategy. That extension has worked out very well and led to several good follow-on equity investments.”
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 SHR Capital Partners (SHR),
SHR Capital Partners (http://www.shrcap.com) is a lower middle-market investment firm that seeks acquisitions in the business services, consumer services, and health care services industries. SHR was founded in 2010 and is headquartered in Greenwich, Connecticut.
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