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| 5.16.06 |
Signature Capital Partners, LLC Sponsors M&A Conference ‘Keys to Successful Acquisitions for Corporate Growth’ in Milwaukee, WI, May 16, 2006 |
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Conference Brochure.pdf - 2.8 mb |
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| 5.5.06 |
Signature Capital Partners (“Signature”) Successfully Exits its Investment in Agriculture Company |
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Signature Exited its Investment in Watertown, NY-based Chapin Watermatics Through a Sale of the Company to Jain Irrigation Systems, Ltd. Of India
Los Angeles, CA, May 5, 2006 – After acquiring its senior secured bank loans in June 2004, Signature Capital Partners, LLC helped position Chapin Watermatics (“Chapin”), a manufacturer of drip tape as well as field crop and greenhouse/nursery drip irrigation systems founded in 1960, for a sale by restructuring its debt service to mirror the seasonality of its cash flows. On May 3, 2006, Jain Irrigation Systems Ltd, of India acquired 100% of the shares of Chapin Watermatics, Inc. through its wholly owned subsidiary, Jain (Americas), Inc, of Ohio. Jain Irrigation Systems Ltd is a diversified company with sales in excess of $200 million with a product portfolio encompassing Irrigation Products, Plastic Sheets, Dehydrated Foods, Fruit Puree, Pulp and Juices in India and other world markets. |
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| 4.10.06 |
Signature Capital Partners (“Signature”) Partner David McReynolds to Speak at Upcoming Restructuring Conference in Seattle. |
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David McReynolds will be a speaker at the Association of Insolvency and Restructuring Advisors (AIRA – www.airacira.com) 22nd annual Restructuring Conference in Seattle June 7 - 10, 2006. His panel presents Friday June 9th on the pros and cons of purchasing a company via a § 363 sale or a plan purchase. Paul Abromowitz of Special Investments, Inc. will be the panel moderator and fellow panelists include Eric Carlson of Giuliani Capital Advisors, LLC Jay Kornfeld of Bush, Strought & Kornfeld, and David McGovern of Marlin Equity Partners, LLC.
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AIRA_2006_Annual_Brochure.pdf - 692K |
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| 12.30.05 |
Signature Capital Partners, LLC Successfully Exits its Investment in Star Scientific, Inc. (NasdaqNM:STSI) |
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Los Angeles, CA, December 30, 2005 - Signature Capital Partners, LLC received the final scheduled payment pursuant to its equipment leases with Star Scientific, Inc. (NasdaqNM:STSI) a specialty manufacturer of low carcinogen and smokeless tobacco products. The leases were originated by Southern Pacific Leasing, a division of Southern Pacific Bank. Signature acquired the equipment leases in April 2004 from the FDIC acting as receiver for Southern Pacific Bank formerly based in Los Angeles. Subsequent to acquiring the lease, Signature worked with Star to restructure and extend the residual balloon payment incorporated in the original transaction structure to provide Star with a more flexible debt service that allowed this payment obligation to be amortized over a longer time period.
Based in Chester, Virginia, Star manufactures and develops very low-nitrosamine smokeless tobacco products and develops and licenses scientific technology for the curing of tobacco so as to prevent the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines. |
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| 12.7.05 |
Signature Capital Partners Successfully Exits its Investment in Mold and Tool Manufacturer |
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Los Angeles, CA, December 7, 2005 - Accede Mold and Tool, Inc successfully completed a recapitalization and refinanced interim financing provided by Signature Capital Partners, LLC the senior secured lender to Accede since August 2005. Signature worked with the company providing an extension of the maturity to facilitate the refinancing. |
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| 12.7.05 |
Signature Capital Partners, LLC Participates on Bank Debt Panel at Distressed Investing Conference in NYC |
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David McReynolds, Principal at Signature Capital Partners, was a speaker on the “Profitably Evaluating and Trading Bank Debt” panel at the 12th annual Distressed Investing “Maximizing Profits in the Distressed Debt Markets” conference in New York City, November 28-29, 2005. The panel discussed the structure of the bank debt market, diligence, and portfolio management. Fellow panelists included, Deborah Hicks Midanek of the Solon Group, Inc., Patrick Flynn of GE Commercial Financial, and Larry Kotler of Duane Morris, LLP. Conference keynote speaker Wilbur L. Ross addressed the audience on “Successfully Managing Unions and Pensions in Troubled Legacy Industries.” |
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Conference Brochure-2.pdf - 592K |
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| 11.17.05 |
Signature Capital Partners provided financing to DFP Acquisition, LLC |
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Signature Capital Partners, LLC, a private investment partnership providing structured financing solutions for turnarounds and other special situation opportunities, provided financing to DFP Acquisition, LLC for the acquisition of the assets of Diversified Flock Products, Inc., a leading provider of specialty coated textiles. Simultaneous with the financing, Signature acquired the real estate mortgage of RISH, Ltd., Diversified’s landlord. Diversified Flock Products had been operating as a debtor in possession in Chapter 11 since August, 2004.
DFP Acquisition was formed by Steve Russo, the CEO and principal shareholder of Adhesive Specialists, a leading provider of adhesive bonding materials. Signature worked with Mr. Russo, the debtor, and the company’s prepetition lenders to structure a transaction that resolved the party’s competing interests and allowed the company to emerge from bankruptcy positioned for success as a going concern. In conjunction with the transaction, Signature received warrants to acquire a significant minority interest in the equity of Diversified.
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| 11.8.05 |
Signature Capital Partners Article Appearing in Crain’s Chicago Business October 18, 2005: Financing When a Lender Wants Out |
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crain's_article.pdf - 24K |
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5.1.05
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Signature Capital Partners (“Signature”) Successfully Exits its Investment in Foundry Company
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Signature refinances its investment in the senior secured bank debt of T & B Foundry Company / International Engineering and Trading Corp. (“T & B” and “IETC”)
Los Angeles, CA, May 1, 2005 – Signature Capital Partners, LLC completed a recapitalization of its portfolio investments in T & B Foundry Co. and IETC, affiliated companies engaged in the cast iron foundry industry. After acquiring the loans of T & B and IETC in September, 2004. Signature worked with management to address liquidity needs, thereby allowing the existing ownership time to complete a comprehensive recapitalization that included an infusion of equity as well as a new line of credit to refinance Signature and provide ongoing working capital.
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12.12.04
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Announcing the formation of Signature Industrial Realty LLC.
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Sale-Leaseback Transactions
Structured Real Estate Financing
Special Situation Opportunities
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