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January 12, 2005
FOR IMMEDIATE RELEASE
DCA Capital Partners Completes Initial Close Region’s First Private Equity Firm to Invest in Mid to Late–Stage Businesses in "Traditional" Industries
[Roseville, CA] DCA Capital Partners announced today that it has completed the initial close of its private equity fund. DCA Capital provides expansion, recapitalization, and buyout capital to traditional businesses in a broad range of industry sectors which are looking to accelerate their growth, strengthen their balance sheet, or provide partial shareholder liquidity.
“We are very pleased and grateful for the tremendous support we have received from the local investment community, particularly our advisory board, in allowing us to achieve this goal in such a short time,” says Curtis Rocca, one of the Fund’s General Partners.
“I am confident that no other fund in this region has ever been formed with such a dynamic, experienced, and well–rounded board of advisors as ours” says Steve Mills, another General Partner. “We continue to believe that this advisory board, 90% of whom are also investors, will provide significant value to our portfolio companies,” Mills contends. “This is value–add that you simply cannot get from most private equity firms.”
| This Advisory Board includes: | |
| Name | Relevant Experience |
| Mike Teel | Raley’s |
| Mark Cooper | H&D Electric |
| Jim Yasso | Intel |
| Marilyn Edling | Hewlett–Packard |
| Tom Weborg | Java City |
| Gary Cino | Step Ahead Investments |
| Derrick Fong | Mikuni Restaurants |
| Frank Washington | FCC, Systems Integrators |
| Art Savage | Sacramento RiverCats |
| Karole Morgan–Prager | McClatchy Publishing |
| Dan Brunner | First Health |
| Ray Pingle | Sutter Health; Magellan Health Services |
| Larry Kelley | Stanford Ranch; McClellan Park |
| Steve Kircher | International DisplayWorks |
| Ron Chaisson | TASQ Technologies |
| Craig Nagler | Granite Bay Capital Group |
| Roopal Shah | American Driving Records |
| Mike Campbell | SureWest |
| Mike Stodden | Buzz Oates Enterprises; Five Star Bank |
| Bryon Axt | Varian |
“We’re looking to invest in exceptional management, proven business models, and compelling growth opportunities, and we believe that our region will provide significant opportunity to do so,” says DCA General Partner Jeremy Wolfe, who previously made similar types of investments for ABS Capital in San Francisco. “Because the Fund is structured as a co–investment fund, we can leverage our $10 million of initial capital into over $100 million in total investment through our institutional co–investment partners,” Wolfe concludes.
| DCA’s typical investment profile is: | |
| Industry | Generalist (cross–sector) |
| Geography | Underserved markets in Northern and Central California, as well as in adjacent Western states such as Nevada and Arizona |
| Size | $10 – $100 MM in revenue |
| Profitability | Cash flow positive, or with near–term profitability (within a couple quarters) |
| Use of Capital | Expansion/growth, recapitalization, buyout |
| Investment Size | $5 – 15 MM |
| Investment Life | 3 – 5 years |
| Management | Experienced, talented, and honest |
The Company expects to make its first investment sometime during the second quarter of the year, and hopes to invest in several local companies by the end of the year.
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