Archives for June 27, 2014

New Head of Global Retail and Consumer Sector at General Atlantic

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Andrew Crawford has joined General Atlantic as a managing director based in New York.  Mr. Crawford will lead General Atlantic’s global investment activity in the retail and consumer sector.

“We are pleased to welcome Andy to our global team and to lead our efforts in the retail and consumer sector,” said William Ford, CEO of General Atlantic. “Andy’s investing acumen, retail and consumer expertise and leadership qualities will be a significant addition to our team.”

Mr. Crawford joins GA from Advent International, where he has been a principal focused on retail and consumer investments. He led or co-led and served on the board of directors of a number of Advent investments including Bojangles, Charlotte Russe, and Five Below. He also worked with lululemon athletica and Shoes For Crews. Mr. Crawford joined Advent in 2003.  Mr. Crawford received a BS from Washington and Lee University and an MBA from Harvard Business School.

“I have long admired General Atlantic and its long-term, value-added approach to building great companies. GA’s global footprint and team of highly experienced professionals will be very attractive for retail and consumer companies looking to expand beyond their native borders into developed as well as emerging economies. I am thrilled to be joining GA’s dynamic team at this exciting time,” said Mr. Crawford.

General Atlantic is focused on providing capital and strategic support to growth companies. The firm was founded in 1980 and manages approximately $18 billion in capital. General Atlantic has more than 90 investment professionals based in New York, Greenwich, Palo Alto, São Paulo, London, Munich, Amsterdam, Beijing, Hong Kong, Mumbai and Singapore (www.generalatlantic.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 6-27-14

Kim Shrum Joins Teakwood as Managing Director of Business Development

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Teakwood Capital has added Kim Shrum to its team as the Managing Director of Business Development.  She will be responsible for developing, nurturing, and sourcing potential opportunities for investment.

Ms. Shrum will be based in Teakwood’s Austin office and will focus her time on finding tech-enabled, profitable businesses with $5 million to $25 million in revenues that are looking for growth capital or a buyout.

Prior to joining Teakwood Capital, Ms. Shrum spent the last 10 years of her career creating and implementing sales strategies for DLA Piper, the largest law firm in the world. As one of their leading business development executives, she developed and maintained an extensive network of entrepreneurs, investors, service providers and executives in the technology industry. Previously, she also spent three years at the Lance Armstrong Foundation, implementing their corporate sponsorships through events.

“Kim has an extraordinary record of achievement in everything she’s done. She has a unique background and set of skills that bring a fresh and entirely new dimension to Teakwood’s deal sourcing strategies. We are very fortunate to have her as part of our team,” said Shawn Kelly, a Managing Director at Teakwood Capital.

“Throughout my career, I’ve been fortunate to be in positions where I can help connect great people with great opportunities. Teakwood presents an even greater opportunity for me to incorporate financing strategies as part of my discussions,” said Ms. Shrum.

Ms. Shrum holds an undergraduate degree in Corporate Communications from the University of Texas at Austin.

Teakwood Capital invests equity capital primarily in technology enabled business-to-business companies with revenues of less than $25 million and EBITDAs from $500,000 to $3 million. The firm focuses on management buyouts as well as control growth equity investments. Teakwood Capital was founded in 2005 and is based in Dallas (www.teakwoodcapital.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 6-27-14

Stellus Receives Approval for SBIC License

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Stellus Capital Investment Corporation has announced that its wholly-owned subsidiary, Stellus Capital SBIC, LP, has received approval for a license from the United States Small Business Administration to operate as a Small Business Investment Company.

The license will allow Stellus SBIC to obtain leverage by issuing SBA-guaranteed debentures, subject to the issuance of a capital commitment by the SBA and customary procedures.

“We are pleased to have obtained approval from the SBA for our initial SBIC license and we look forward to working closely with the SBA in the years ahead,” said Robert Ladd, Chief Executive Officer of the company. “This is a significant milestone for our company and will contribute meaningfully to our long term capital plans.”

Stellus Capital Investment Corporation (NYSE: SCM) investment activities are managed by its investment adviser, Stellus Capital. Stellus Capital invests in private middle-market companies with $5 million to $50 million of EBITDA through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The firm invests across a range of industries with specific interest in the energy, specialty finance, software, general industrial, defense, and business services sectors. Stellus Capital has offices in New York, Washington DC, and Houston (www.stelluscapital.com).

In May 2014, Stellus received its “green light” letter from the U.S. Small Business Administration which allowed the firm to continue its application process to obtain a license to form and operate a Small Business Investment Company subsidiary.

© 2014 PEPD • Private Equity’s Leading News Magazine • 6-27-14

RLMcCall Capital Partners Invests in Case Drilling

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RLMcCall Capital Partners has partnered with Dos Rios Partners to acquire Case Drilling & Pump Service, a provider of fresh water well drilling and maintenance services.

Case Drilling & Pump Service is a provider of fresh water well drilling and maintenance services to contract drilling firms, E&P operators, agri-businesses, residential consumers and municipalities across West Texas. Historically, the company’s service area extended within a 150-mile radius of Stanton, TX and covered Martin, Midland, Howard and Glasscock counties. However, in the last six months, the company has begun to expand its operations into Andrews County, which lies west of Martin County.  The company was founded in 1939 and is based in Stanton, TX (no website found).

“We are excited to be partnering with Case Drilling and Dos Rios,” said Eric Blue, Partner of RLMcCall, “and we look forward to working with Case’s talented and experienced management team to advance the company’s successful strategy.”

RLMcCall Capital Partners invests in both lower middle-market change-of-control transactions and in non-control, growth investments in the oil & gas, general industrials and media & telecommunications sectors. RLMcCall sponsors or co-sponsors transactions involving businesses with enterprise values from $10 million to $50 million with EBITDA of $500,000 to $15 million. The firm is based in New Orleans (www.rlmcall.com).

“We are particularly excited about the expansion of our oil and gas services acquisition platform in the Permian Basin as we believe the Permian has many more years of exploration-, drilling- and logistics-linked growth to come,” said Earl Robinson, an RLMcCall Partner.

RLMcCall is committed to sourcing and executing non-traditional, supply chain-focused transactions that grow the industrial services opportunity set and the skilled labor pool in certain regions of the United States. “Our focus is to partner with management teams to fuel the expansion of niche-focused, lower middle market companies, the growth engine of the US economy,” said RLMcCall Partner Neill Wright.

This transaction underscores not only our commitment to investing in the oil and gas sector, but also our focus on high growth opportunities and regions such as the Permian,” said Hank Torbert, an RLMcCall Partner.

Dos Rios is private equity partnership formed by four Partners: Bo Baskin, Wayne Patterson, Jay Turner and Kevin Benoit. Dos Rios invests from $5 million to $15 million in the junior securities of proven, growing niche businesses with approximately $2 million to $8 million in EBITDA.  Dos Rios can help these small businesses with either control or non-control transactions. The firm is based in Austin with additional offices in San Antonio, Dallas and Houston (www.dosriospartners.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 6-27-14