Contact Information: Contact: Vicente Capital Partners (310) 826-2255 www.vicentecapital.com
Vicente Capital Partners Has Final Closing on $165 Million Growth Equity Fund, Invests in MedBridge Healthcare
Fund Managed by Los Angeles-Based Investment Firm Makes Second Investment
| Source: Vicente Capital Partners
LOS ANGELES, CA--(Marketwire - March 17, 2009) - Vicente Capital Partners, a Los
Angeles-based private equity firm, today announced the final closing of its
Growth Equity Fund. The fund exceeded its targeted raise of $150 million
with Credit Suisse and the State of Connecticut joining the fund's list of
premier institutional investors.
Vicente Capital Partners, which specializes in both non-control and control
investments, also announced its investment in MedBridge Healthcare.
MedBridge is a provider of sleep diagnostic and respiratory therapy
services that serves the growing market for sleep apnea diagnosis and
treatment. Headquartered in Greenville, SC, the company operates over 40
locations throughout the United States. Roy Myers, founder of American
Sleep Diagnostics, has joined the company as CEO alongside Matt Mellott,
who will continue to serve as President and COO.
Klaus Koch and Nicholas Memmo, Managing Partners at Vicente Capital
Partners, will join MedBridge's board of directors.
"We were fortunate to identify a growing business with strong existing
management," stated Klaus Koch. "By adding Roy Myers to the team, we have a
great platform for future expansion."
About Vicente Capital Partners
Vicente Capital Partners makes non-control and control equity investments
of $5 million to $15 million in growth businesses with revenue of $5
million to $25 million. Sample industry sectors include: Business Services
(outsourced services, Internet services, telecom services); Consumer
Services (healthcare services, residential delivery, education); and
Specialty Manufacturing (aerospace & defense, environmental products,
networking/telecom equipment).
Investors in Vicente Capital Partners' private equity fund include some of
the nation's premier institutional investors, including CalPERS, Credit
Suisse, Fairview Capital, JP Morgan Asset Mgmt. & Affiliates, LACERS, LA
Fire and Police Pensions, New Mexico ERB, New Mexico State Investment
Council, New York Common, State of Connecticut and Teachers' Retirement
System (IL). For more information about Vicente Capital Partners, please
visit www.vicentecapital.com or call (310) 826-2255.