GROWTH CAPITAL PARTNERS, L.P. ANNOUNCES THAT
THE SOUTHWEST MEZZANINE INVESTMENTS II, L.P.
HAS ADDED A FOURTH PORTFOLIO COMPANY TO ITS
$65 MILLION FUND
Houston, TX, September 3, 2007 – Growth
Capital Partners, L.P. (“GCP”) a
Houston-based investment and merchant firm, today
announced that Southwest Mezzanine Investments
II, L.P. (“SMI II”) has now added
a fourth portfolio company to its $65 million
fund.
SMI II provided $5,000,000 senior subordinated
debt with warrants to Adea International, Inc.,
an information technology (IT) consulting services
firm positioned as a global solutions provider
for IT and business process outsourcing (BPO)
services with offices in Dallas, Europe and India.
The Company focuses primarily on three industry
verticals: government, retail and telecom. Use
of proceeds were for corporate and debt restructuring.
About Southwest Mezzanine Investments II (SMI
II) - SMI II was formed to make $2 to $6 million
subordinated debt investments in middle-market
companies seeking capital to accelerate growth
or finance add-on acquisitions.
In evaluating potential investments, SMI II
is interested in companies with enterprise values
in excess of $10 million, a history of profitable
operations and possessing meaningful competitive
advantages. SMI II seeks to make investments
in companies with or without an equity sponsor.
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