Bank Street Holdings Launches Principal Investment Business
STAMFORD, Conn., Jan. 20, 2011 /PRNewswire via COMTEX/ --
Bank Street Holdings, the parent company of Bank Street Group, a boutique investment banking firm, is pleased to announce the formation of Bank Street Capital Partners (BSCP). BSCP is focused on investment opportunities in growth sectors of the economy, most notably in the Communications, Media and Technology sectors in the US and abroad. BSCP will be led by Ted Mocarski, who brings 17 years of private equity experience as a senior investment professional, having invested in over 30 companies during his successful career.
Previously, Ted was a co-founder and Managing Director of Key Venture Partners. Prior to Key, Ted was a Managing Director of Nautic Partners where he was responsible for spearheading the firm's investment efforts in the Communication and Internet Services sectors. During his career, Ted has invested through numerous economic cycles, generating substantial returns for his partners and investors in portfolio companies such as 365 Main, Dobson Communications, MJD Communications, Exodus, Integra Telecom, Interxion, OpSource, Optasite, and PrairieWave. Ted currently sits on the boards of Espial, a Canadian IPTV company, and Stelera Wireless, a wireless broadband operator in the United States.
"I'm very pleased to partner with Bank Street on this new principal investment initiative," said Ted Mocarski, Senior Managing Director of BSCP. "We see highly compelling investment opportunities in our sectors of focus today, particularly in business models with strong organic growth, a unique operating franchise position and high operating leverage. Representative opportunities include data centers in underserved markets, fiber networks at choke points for traffic patterns, international broadband operators in less competitive geographies, traditional and new media players with 'must have' content, wireless towers and other infrastructure plays serving growth in broadband, cloud computing companies enabling scalable services offering to businesses, and SaaS and managed service companies providing next generation packages of services to their customers," Mocarski continued.
Bank Street Capital Partners will seek investment opportunities in small-to-mid-size companies with proven business models and positive EBITDA that require capital to fund organic growth, strategic acquisitions or to provide shareholder liquidity. This segment represents an under-served market with compelling investment opportunities and attractive competitive dynamics. BSCP will leverage its extensive relationships with senior executives and other financial sponsors across its target sectors to source and screen opportunities and will work in each transaction to build value through active governance and involvement in organic and strategic growth initiatives.
"The formation of a principal business is a natural extension of our advisory practice that will leverage the deep sector expertise and transactional capabilities of our team," said Richard Lukaj, Senior Managing Director of Bank Street. "We see a significant amount of deal flow with attractive companies that are simply not on the radar screen of many larger private equity firms and we believe that BSCP will be positioned to deliver strong returns to our limited partners through proprietary deal flow and in partnership with other financial sponsors. We also believe that Bank Street will be well positioned to optimize the results of our investments in their ultimate exits as a result of our transactional capabilities and relationships with a broad array of strategic and financial parties from over $500 billion of transactions executed in this arena," Lukaj continued.
About Bank Street Capital Partners
Bank Street Capital Partners is a private equity fund focused on growth equity, acquisition finance, and special situations for small and mid-size growth companies in the Communications, Media and Technology sectors. Bank Street Capital Partners is led by a senior investment team that has originated, structured, and executed more than 1,000 financial and strategic transactions during the course of their careers. Bank Street Capital Partners leverages the extensive resources of the Bank Street Group
About Bank Street Group
Bank Street Group is an independent investment banking firm providing a comprehensive array of financial advisory services to middle-market companies. Our senior professionals have originated, structured and executed more than $500 billion of financial and strategic transactions and are dedicated to bringing the breadth and depth of this experience to bear to the benefit of our clients. With a portfolio of capabilities that include Financial Advisory, Mergers & Acquisitions, Private Placements of Debt & Equity, Restructuring & Turnaround Advisory, Valuation and Fairness Opinions, Bank Street offers one-stop shopping for our clients seeking sophisticated financial services. Bank Street is a member of FINRA and SIPC. Visit www.bankstreet.com for more information on the firm.
SOURCE Bank Street Holdings
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