Investment Summary

Praesidian Capital and Bison Capital Asset Management Invest In EmpireCLS Worldwide Chauffeured Services

On March 3, 2005, mezzanine finance firm Praesidian Capital and asset manager Bison Capital Asset Management invested in transportation company EmpireCLS Worldwide Chauffeured Services

Investment Highlights
  • This is Praesidian Capital’s 1st and Bison Capital Asset Management’s 2nd transaction in the Transportation sector.
  • This is Praesidian Capital’s 3rd and Bison Capital Asset Management’s 4th transaction in the United States.
  • This is Praesidian Capital’s 1st and Bison Capital Asset Management’s 1st transaction in New Jersey.

Investment Summary

Date 2005-03-03
Target EmpireCLS Worldwide Chauffeured Services
Sector Transportation
Investor(s) Praesidian Capital
Bison Capital Asset Management
Deal Type Growth Capital

Target

EmpireCLS Worldwide Chauffeured Services

Secaucus, New Jersey, United States
EmpireCLS Worldwide Chauffeured Services provides chauffeured transportation services in the United States and internationally. EmpireCLS offers a luxurious and comfortable transportation experience beyond the ride. This experience encompasses not only the physical transportation, but also the myriad tools and services that make client interactions with EmpireCLS simple, effortless, secure, comfortable and consistent. EmpireCLS Worldwide Chauffeured Services was founded in 1981 and is based in Secaucus, New Jersey.

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Investor(S) 2

Investor

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 3 of 51
Sector (Transportation) 1 of 2
Type (Growth Capital) 3 of 19
State (New Jersey) 1 of 5
Country (United States) 3 of 48
Year (2005) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Nutritional Laboratories International

Missoula, Montana, United States

Nutritional Laboratories International, Inc. is one of the manufacturers of nutritional and dietary supplements. The Company develops manufactures, and packages custom vitamin and mineral formulations, botanical, weight loss and other functional formula supplements for recognized branded product marketing companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-23 Life is Good

Boston, Massachusetts, United States

Life is Good, Inc. is a designer, manufacturer, and sells apparel and accessories for men, women, boys, and girls in the United States. Life is Good was founded in 1994 and is based in Boston, Massachusetts.

Buy -
Investor

Bison Capital Asset Management

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 10.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bison Capital is a private equity firm which makes non-control investments in middle-market companies with revenue of $20 to $500 million and at least $5 million of EBITDA. Bison Capital invests in businesses to finance their growth, balance sheet restructurings, recapitalizations, and to fund buyouts. Bison looks to invest between $10 and $30 million per transaction. Bison Capital was formed in 2001 and is based in Los Angeles, California with an additional office in Charlotte, North Carolina.


DEAL STATS #
Overall 4 of 32
Sector (Transportation) 2 of 3
Type (Growth Capital) 2 of 17
State (New Jersey) 1 of 4
Country (United States) 4 of 29
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-19 Twin Med

Santa Fe Springs, California, United States

Twin Med LLC is a provider of non-pharmaceutical medical supplies to the long-term care industry. Twin Med offers a broad range of disposable medical supplies such as incontinence products, nursing, diabetic and respiratory supplies, non-prescription medicines, linens, enterals, durable medical equipment and janitorial supplies to skilled nursing facility operators throughout the United States. Twin Med was founded in 1998 and is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-31 Metagenics

Aliso Viejo, California, United States

Metagenics is a provider of medical foods and nutraceuticals to medical practitioners worldwide. Metagenics was founded in 1983 and is based in Aliso Viejo, California.

Buy -