Investment Summary

Nancy Creek Capital Management Invests In Vsion Condominiums

On December 8, 2006, mezzanine finance firm Nancy Creek Capital Management invested in construction company Vsion Condominiums for 4M USD

Investment Highlights
  • This is Nancy Creek Capital Management’s 1st transaction in the Construction sector.
  • This is Nancy Creek Capital Management’s largest (disclosed) transaction.
  • This is Nancy Creek Capital Management’s 4th transaction in the United States.
  • This is Nancy Creek Capital Management’s 1st transaction in District of Columbia.

Investment Summary
Date 2006-12-08
Target Vsion Condominiums
Sector Construction
Investor(s) Nancy Creek Capital Management
Deal Type Stake Purchase
Deal Value 4M USD

Target

Vsion Condominiums

Washington, District of Columbia, United States
Vsion Condominiums will be a 10-story, 116-unit development in downtown Columbia, South Carolina. The project is located in the central business district and within blocks of the state capitol, the University of South Carolina and the Vista entertainment and shopping district. Vsion will provide a high-end living experience at value prices. Highlights of the project include floor-to-ceiling glass, nine-foot-plus ceiling heights, a swimming pool, secured lobby and parking, granite countertops and much more.

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Investor(S) 1

Investor

Nancy Creek Capital Management

Atlanta, Georgia, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 138M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Nancy Creek Capital (NCP) is a provider of equity and mezzanine capital to small and medium-sized companies throughout the Southeast US. NCP focuses profitable businesses with experienced management teams. The Firm targets companies with $10 to $100 million in sales and at least $1 million in EBITDA. NCP looks to invest $1 to $5 million per transaction (up to $10 million with co-investors). Areas of interest include manufacturing, healthcare, distribution, services, and technology. In addition to funding businesses, NCP also provides financing for real estate opportunities, including commercial, industrial, office, single and multi-family residential projects. The Firm will not invest in startups or turnaround situations. Nancy Creek Capital is a unit of The Branch-Shelton Company LLC. The Firm was formed in 2005 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 13
Sector (Construction) 1 of 1
Type (Stake Purchase) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 4 of 13
Year (2006) 4 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-03 S&S Industries

Yonkers, New York, United States

S&S Industries, Inc. is a manufacturer of brassiere underwire. The company operates manufacturing facilities in Central America and Asia to supply its customers’ global operations. S&S drives innovation in the industry by designing products that enhance the wearability, style, and durability of underwire bras. S&S Industries was founded in 1947 and is based in Yonkers, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-16 One Point Financial

Alpharetta, Georgia, United States

One Point Financia LLC provides construction free-standing, drive-up/walk-up ATM facilities in high traffic areas such as shopping centers and leases these facilities to banks and other financial institutions to be branded as part of the financial institution’s ATM network. One Point Financial is based in Alpharetta, Georgia.

Buy -
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