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All of us here at FCP hope you are having an enjoyable summer. We have some exciting news that we would like to share with you highlighted below in our first e-mail newsletter. In addition to closing on our sixth fund in thirteen years, we have added another niche company to our portfolio. With our newly raised capital, we are as hungry as ever to find and close deals. Please keep in touch. |
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FCP Acquires New Portfolio Company. |
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Recaps with FCP Offer Unique Advantages. |
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FCP Hires New Managing Director. |
FCP Closes on its Sixth Fund (FCP VI) at $150,000,000
FCP closed on its sixth fund in thirteen years (FCP VI) on June 12, 2001. FCP VI was fully subscribed at a hard cap of $150,000,000, and includes such investors as Goldman Sachs, the endowments of Northwestern University, the University of Pennsylvania, Georgia Tech, the University of Richmond, Loyola University of Chicago, and some of the nation's wealthiest families. This amount will allow FCP to continue as one of the most active principals in the smaller deal market. FCP VI, similar to its predecessor funds, will continue to seek investments in niche manufacturing, service, and distribution companies earning at least $2.0 million in pre-tax profit. We expect the majority of FCP VI's deal activity to be recapitalizations as well as management buyouts and industry consolidations.
FCP VI Acquires its First Portfolio Company
On March 16, 2001 FCP VI completed its first transaction - a recapitalization of a niche service company located in the Western, US. This niche service company is a leading supplier of security related products to a blue-chip customer base, consisting of numerous fortune 500 companies across the nation. The owner and FCP have elected not to divulge the name and industry SIC code until after we have had the opportunity to make several strategic acquisitions. We will keep you updated as we continue to grow this niche player.
FCP Recaps Offer Unique Advantages
Many company owners struggle with attempting to meet the conflicting goals of generating a measure of personal liquidity, while retaining daily operating control of their company and significant equity to share in the company's growth. For more then thirteen years, FCP has offered business owners the perfect solution for meeting such divergent goals - the FCP Recapitalization. A recap with FCP offers business owners several unique advantages:
| - | Generate personal liquidity. | |
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| - | Eliminate personal guarantees. |
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When given the opportunity, FCP is highly effective at demonstrating to company owners that we are a uniquely attractive partner. Please call us to discuss the FCP advantages.
New Managing Director
FCP is pleased to announce the arrival of our newest Managing Director, Matt Young. Matt has a Masters in industrial engineering, as well as a Darden MBA. He consulted with Booz Allen internationally, and has run three manufacturing companies. Matt improves FCP's ability to find commonality with and add value to the wide range of business owners whom we meet. He has been very well received by the portfolio managers and prospects that he has met with to date.
| Glenn B. Oken GBO@FCPInvestors.com |
David J Malizia DJM@FCPInvestors.com |
Scott J. Heberlein SJH@FCPInvestors.com |
FCP Investors, Inc.
601 N. Ashley Drive, Suite 500
Tampa, FL 33602
Tel 813.222.8000 Fax 813.222.8001
www.FCPInvestors.com E-Mail: postmaster@FCPInvestors.com