Geneva Glen Capital Establishes New Fund in Partnership with Wanxiang America Corporation
FOR IMMEDIATE RELEASE
Chicago, September 21, 2010 – Jeff Gonyo and Adam Schecter are pleased to announce that Geneva Glen Capital, LLC ("GGC"), a private equity firm headquartered in Chicago, Illinois, has moved onto its new chapter in connection with Wanxiang America Corporation. In addition to securing significant committed capital, Adam has joined Jeff to co-lead the fund. GGC will invest in lower middle-market companies (generally under $100 million enterprise value) in the United States and Canada, partnering with successful management teams to acquire proven private companies with leading market positions, significant growth potential and stable cash flows.
Wanxiang America Corporation (www.wanxiang.com) has provided the committed capital for GGC to target companies with EBITDA between $3 million and $20 million. GGC invests up to $40 million of equity per company in order to acquire businesses, provide growth capital, or partner with industry executives who are looking to purchase a company and need a value-added sponsor to execute on their strategy. Wanxiang, whose USA headquarters are based in Elgin, Illinois, is a privately-owned company with approximately $10 billion in worldwide revenues across many industries and geographies. GGC will be able to leverage Wanxiang’s extensive resources across the globe to assist its portfolio companies with a range of strategic initiatives, including new market and customer penetration and supply chain optimization.
Jeff and Adam (the principals of GGC) each have over 20 years of investment and transactional experience across a wide variety of industries, transaction types and economic cycles. Adam was previously a Managing Partner with WHI Capital Partners and Jeff spent over ten years as a Partner with Wind Point Partners prior to GGC. This experience, coupled with a unique investment philosophy and flexibility (both in terms of structuring investments and hold period), will create a powerful formula for value creation within GGC’s portfolio companies.
GGC will focus on the following industries: business and consumer services; consumer products and food; environmental services; for-profit education and training; healthcare; niche industrial manufacturing; publishing, media and information services; specialty insurance and value-added distribution.
GGC is now actively pursuing investment opportunities. Feel free to contact any member of the team.
About Geneva Glen Capital, LLC
Geneva Glen Capital is a Chicago-based private equity firm that invests in proven private companies with leading market positions, significant growth potential, and stable cash flows. GGC will consider control buyout transactions as well as minority growth capital investments and targets companies headquartered in the U.S. or Canada with EBITDA between $3 million and $20 million. The firm works closely with management teams to establish and execute on a clearly defined value creation and growth plan. The principals of GGC have extensive private equity experience and a family office-oriented fund structure which provide the ability to be flexible, creative and, if appropriate, long-term investors.
Geneva Glen Capital, LLC
123 North Wacker Drive, Suite 820 Chicago, IL 60606