In today's environment we believe there are many opportunities for
astute capital providers, particularly in the MBO arena and other "event-based" financings. We see an
increased need for flexible capital to fund ownership
transfer and company
expansion so that management can compete in today's
demanding business environment.
The overall
strategy of the Second City Capital Partners (“the
Fund”) is to emulate the historical investment
style of its sister company, Gibralt Capital
Corporation. Gibralt Capital is an investment
company formed by Sam Belzberg in 1992. Gibralt Capital
was established to fund
(often with partners) investments in both private and
public middle market companies
and in certain real estate assets in Canada and the
United States. Still
operating, Gibralt Capital
Corporation handles all legacy investments, real estate
investments and any other investments outside the
mandate of the Fund. For more information, please
visit
www.gibralt.com.
Since February 2004,
all investments falling within the mandate of
Second City Capital Partners will be undertaken by the
Fund. Investments are typically made
in the form of equity or equity-like instruments,
mezzanine loan, bridge loans, or a combination thereof.
Second City Capital
Partners
investment strategy will follow these general
guidelines:
-
Investments will generally be made in companies falling into the “middle market” segment of the economy.
-
Geographical
focus will be on companies domiciled in Canada or the
Western and Mid-Western United States. Our belief is that
these areas are relatively under-serviced by private equity
funds.
-
Companies should
have revenues of more than $15m, positive cash flow and an
enterprise value of $20m plus.
-
$5m to $15m
per transaction, but have the capacity to invest more if
required through our extensive limited partner network.
-
Investments are medium term with defined exit strategies.
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