News
July 31, 2014
Archbrook Capital Management LLC partners with Denver-based Argus Cos., an event staffing firm, and appoints new CEO to take over leadership at Argus. Download Press Release
October 21, 2013
DrugDev, an interactive network and data sharing platform for over 80,000 clinical trial doctors in 93 countries, announced its acquisition of CFS Clinical (CFS), the leading specialty provider focused on the business and financial management activities for clinical trials. Download Press Release
March 4, 2010
Archbrook Capital Management LLC (“Archbrook”) joined Falfurrias Capital Partners, of Charlotte, NC, in providing Commercial Credit Group its fifth round of long-term financing. Archbrook has participated in every round of financing offered by the Company since Archbrook’s founding investment in 2004. In addition to its equity investment in this financing, Archbrook also purchased senior subordinated notes of the Company.
The transaction totaled approximately $20,000,000 and included the purchase of preferred stock. The proceeds of the transaction will be used to fund the Company’s continue growth in providing equipment financing to small businesses throughout the United States.
August 31, 2009
Archbrook Capital Management, LLC (“Archbrook”) renewed its $6 million senior secured revolving credit facility with Clinical Financial Services, a company focused exclusively on providing the financial management of clinical trials. The facility will be used to fund the on-going working capital needs of the Company.
September 25, 2009
TPC Partners, LLC, an affiliate of Archbrook Capital Management, LLC today announced it had acquired a majority interest in Tray-Pak Corporation, one of the leading manufacturers of custom thermoformed plastic packaging products. Tray-Pak serves a national customer base and employs 275 people. The acquisition marks the first major ownership transition of the company since David M. Bestwick founded it in 1975. Download Press Release
July 31, 2009
Archbrook Capital Management, LLC purchased its pro-rata share of a Series B round of Preferred Stock for Alexin LLC, a state-of-the-art aluminum billet casting facility formed to support aluminum extrusion facilities in the Midwest. Archbrook joined other institutional investors to fund a the Series B round to support the continued growth of the Company. Construction of the Alexin’s 100,000 square foot remelt facility was completed in October 2008.
March 14, 2008
Affiliates of Archbrook Capital Management, LLC (”Archbrook”) purchased the majority of the Series A-1 Convertible Preferred Stock issued by FactorTrust, Inc. of Atlanta, GA. The proceeds will be used by the Company to fund the rapid growth of its innovative financial services product offering both in the US and selected international markets.
January 31, 2008
Archbrook Capital Management, LLC (“Archbrook”) satisfied its commitment to purchase Class B2 shares of Heritage Union, LLC, a recently formed life insurance company focused on providing affordable life insurance to the middle-market.
October 31, 2007
Archbrook Capital Management, LLC (“Archbrook”) purchased a total of $1.5 million in Series A Senior Preferred units of Alexin LLC, a green-field, state-of-the-art aluminum billet casting facility formed to support aluminum extrusion facilities in the Midwest. Archbrook joined other institutional investors to fund a total of $13 million of Preferred units along with Senior Secured debt to support the construction of the 100,000 square foot remelt facility.
August 9, 2007
SpinedMedica, Inc. announced today that it was acquired by MiMedx, Inc., a development-stage company focused on biomaterials for soft tissue repair, such as tendons, ligaments and cartilage, as well as other biomaterial-based products for other medical applications. The combined companies create a broad-based orthopedics implant provider with a focus on motion-preserving spine technologies, soft-tissue repair, and extremity (small bone and joint) implants.
Archbrook Capital Management, LLC (“Archbrook”) exchanged all its Preferred Stock in SpineMedica, Inc., for new shares of Preferred Stock in MiMedx, plus warrants to purchase shares of common Stock of Mimedx.
August 7, 2007
Archbrook Capital Management, LLC (“Archbrook”) committed to purchase a total of $2 million in Class B2 shares of Heritage Union, LLC, a recently formed life insurance company focused on providing affordable life insurance to the middle-market. Archbrook joined existing investors in the Company to purchase a total of $20 million of Class B2 shares to fund the continue development of this Richmond, VA based company.
June 30, 2007
Affiliates of Archbrook Capital Management, LLC (“Archbrook”) purchased $500,000 of Senior Convertible Preferred Stock to fund the continued development of this early stage financial services company based in Atlanta, GA. The company raised a total of $1.1 million in the Series A round.
May 29, 2007
Archbrook Capital Management, LLC (“Archbrook”) provided Commercial Credit Group of Charlotte, NC with its fourth round of financing through ACM’s purchase of $2.5 million of Series D Preferred Stock. Allied Capital Corp. and management also purchased the Series D Preferred, providing CCG with a total of $6 million of equity capital to continue to grow its portfolio of middle market finance and leasing business.
December 10, 2006
Archbrook Capital Management, LLC (“Archbrook”) purchased $300,000 of Common Shares in Clinical Financial Services, a company focused exclusively on providing financial administrative business processing outsourcing to the clinical trials industry. The proceeds from this investment, along with an additional $500,000 from individual investors and management, were used to repay subordinated debt and provide working capital for the Company.
August 11, 2006
Archbrook Capital Management, LLC (“Archbrook”) purchased $1.5M Series A Senior Preferred Stock in Home Care Delivered, Inc. based in Glen Allen, Virginia. The company delivers diabetic and incontinence products directly to consumers’ homes. A dominant player in the Virginia market, HCD will use the proceeds from the offering to expand its model to selected states. HCD raised a total of $5.5 million in the preferred stock offering.
February 23, 2006
Commercial Credit Group completed its third round of long-term capital financing. Proceeds were provided by Allied Capital Corporation (NYSE:ALD) based in Washington, D.C. The transaction totaled $13.9 million and included the purchase of preferred stock and senior subordinated notes. Allied joined CCG existing equity and subordinated debt holders: Archbrook Capital Management, LLC and Envest Ventures, LLC.
September 28, 2005
Archbrook Capital Management, LLC (“Archbrook”) purchased $1.1 million of Series A Senior Preferred Stock in SpineMedica, Inc., an Atlanta, GA company involved in developing an artificial disc replacement using a patented biomaterial that mimics the qualities of an actual spinal disc. Archbrook was one of three institutional investors in this first round of financing.
August 11, 2005
Archbrook Capital Management, LLC (“Archbrook”) purchased $500,000 of Common Shares in Clinical Financial Services, a company focused exclusively on providing financial administrative business processing outsourcing to the clinical trials industry. The funds were used to purchase shares from a founding shareholder of the company.
October 20, 2004
Archbrook Capital Management, LLC (“Archbrook”) committed to purchase $2 million of Senior Convertible Preferred Stock in Commercial Credit Group a middle market commercial equipment leasing and finance company with a primary focus of transactions in the construction, fleet transportation and waste industries. Archbrook’s investment along with an additional $5 million of Preferred Stock purchased by other investors and management will be used to fund the start-up of this Charlotte, NC based company. In addition, CCG secured a $20 million senior secured debt facility from Wells-Fargo Foothill.
August 25, 2004
Archbrook Capital Management, LLC (“Archbrook”) purchased a $1.5 million of Series B Preferred Stock in Commercial Credit Group, Inc, a equipment leasing and financing company based in Charlotte, North Carolina. The proceeds from the purchase were used to fund the growth in the Company’s portfolio and provide incremental senior debt capacity. Envest Ventures, based in Virginia Beach, VA, also purchased $1.5 million of the Series B Preferred Stock.
February 13, 2004
Archbrook Capital Management, LLC (“Archbrook”) established a $6 million senior secured revolving credit facility with Clinical Financial Services, a company focused exclusively on providing financial administrative business processing outsourcing to the clinical trials industry. The facility was used to (a) repay certain outstanding senior debt from
CapitalSource, Inc., and (b) provide debt capacity to fund growth in the Company’s factoring business.
June 10, 2003
Archbrook Capital Management, LLC (“Archbrook”) closed on a $6 million Master Participation Agreement for the purchase of short-term consumer loans originated by First Bank of Delaware.
May 29, 2003
Archbrook Capital Management, LLC (“Archbrook”) provided an $8 million Senior Collateralized Loan to Dollar Financial Group, a leading international financial services company serving under-banked consumers for working capital purposes. The loan is secured by the Company’s UK consumer loan receivables.
June 20, 2002
Archbrook Capital Management, LLC (“Archbrook”) structured and executed a $10 million Master Participation Agreement to purchase short-term consumer loans originated by the County Bank of Delaware (the first such facility in this sector).