Vancouver, B.C. September 24,
2004 -
Second City Announces Successful Exit in
Computer Access Technology Corp.
Second City Capital Partners, a
leading Canadian private equity fund, successfully
exited another portfolio investment this week with the
sale of Computer Access Technology Corporation (NASDAQ:CATZ)
to LeCroy Corporation NASDAQ:LCRY).
When we invested in the company we
were impressed not only with the technology and the
market but most importantly with managements track
record and ambitious growth plans for the company”, said
Chris Wallace, Managing Partner with Second City
Capital. “We are very pleased with the work the team has
done in driving the business forward as well the sale to
LeCroy. It’s a great deal for us and for all other
shareholders as well”.
CATC provides digital data test
and analysis tools for communication protocols spanning
computing, storage and network markets. The company has
specialized in making advanced protocol analysis expert
systems for established and emerging digital
communication standards such as Bluetooth, IEEE 1394,
PCI Express, Fibre Channel, SCSI, ATA, USB and sells to
all the major storage players. LeCroy is a leading
provider of oscilloscopes, protocol analyzers and
related test and measurement solutions that enable
companies across a wide range of industries to design
and test electronic devices of all types.
Computer Access Technology Group
is an excellent illustration of the Second City Capital
Partners model. Launched in 2004 with $US100 Million in
capital, the fund’s investment mandate is to provide
capital to leading mid market companies. The fund
invests in both private and public companies and
investments are typically made in the form of equity or
equity-like instruments, mezzanine loans, bridge loans,
or a combination thereof.
About Second City Capital
Partners
Second City Capital Partners is a
private equity fund staffed and funded by some of North
America’s leading investors. With $US100 Million in
contributed capital, Second City Capital Partners takes
an opportunity focused, value-oriented approach to
investment with a strong emphasis on management team
strength, financial discipline and market position. The
fund invests across industries with a particular
emphasis on mid market opportunities requiring $2.5 to
$25 Million in capital. Larger amounts can be provided
through a deep Limited Partner and co-investor network.
Second City targets companies based in Canada and the
United States. See
http://www.secondcitycapital.com
For more information:
Please contact Chris Wallace at
604-806-3350 or
cwallace@secondcitycapital.com
or Richard Osborn at 604-806-3350 or
rosborn@secondcitycapital.com
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