Growth Capital
Partners, L.P. announces that JAG flocomponents
n.a. has executed a Majority Recapitalization
with HSBC Capital (Canada), Inc. and Bear Growth
Capital Partners, L.P.
HOUSTON, TX, April 23, 2007– Growth Capital
Partners, L.P. (“GCP”) a Houston-based
investment and merchant banking firm, is pleased
to announce that JAG flocomponents n.a. (“JAG”)
has executed a majority recapitalization with HSBC
Capital (Canada), Inc. and Bear Growth Capital
Partners, L.P. Terms of the transaction were
not disclosed. GCP served as exclusive financial
advisor to JAG and co-invested in the transaction.
About JAG flocomponenets n.a.
JAG flocomponents
n.a., based in Edmonton, Alberta, is a leading
manufacturer and distributor of industrial valves
used to service the North American oil and gas
markets. JAG’s diverse suite
of products include floating ball valves, trunnion
mounted ball valves, NPT ball valves, rubber-seated
gate valves, pigging ball valves, high pressure
small diameter ball valves and triple offset
butterfly valves. The Company has modern, highly
efficient manufacturing and warehouse facilities
in Canada, China, and the United States.
About HSBC Capital (Canada), Inc.
HSBC
Capital (Canada), Inc. provides equity capital,
mezzanine debt and bridge debt to the mid- market
to support management buyouts, acquisitions,
going private transactions, leveraged buyouts,
corporate growth, financial restructurings and
project/property financings.
About Bear Growth Capital Partners,
L.P.
Bear Growth Capital Partners is
a private equity initiative financed by The
Bear Stearns Companies, Inc. focused on making
equity investments in middle-market companies. Investments
have included recapitalizations, buyouts, divestitures
and growth financings.
About Growth Capital Partners, L.P.
Founded in
1992, GCP is an investment and merchant banking
firm that provides financial advisory services
to both private and public middle-market companies,
with a specialty practice devoted specifically
to the energy industry. GCP
also focuses extensively on the private equity
marketplace. Since its inception, GCP has
completed in excess of 250 transactions, raised
more than $1 billion of institutional capital
(through private placements of equity, subordinated,
and senior debt), and completed M&A transactions
with an aggregate value in excess of $3.0 billion.
For additional information, please contact:
Growth Capital Partners, L.P.
Steven M. Cowan
281-445-6611
scowan@growth-capital.com
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