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FirstNews
... news, announcements ...
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The Community Development Venture Capital Alliance
The Community Development Venture Capital Alliance (CDVCA) is a network for the rapidly growing field of community development venture capital (CDVC) investing. CDVC funds provide equity capital to businesses in underinvested markets, seeking market-rate financial returns, as well as the creation of good jobs, wealth, and entrepreneurial capacity. CDVCA was formed in 1993 and incorporated as a not-for-profit in 1995, CDVCA promotes use of the tools of venture capital to create jobs, entrepreneurial capacity and wealth to advance the livelihoods of low-income people and the economies of distressed communities.
CDVCA is working on many fronts to build, strengthen, and support the community development venture capital (CDVC) field. CDVCA promotes the field by combining advocacy, education, communications, and best-practice dissemination through conferences and workshops. CDVCA makes its expertise available to CDVC funds by providing consulting services and technical assistance. Contact: info@cdvca.org
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The National Association of Government Guaranteed Lenders (NAGGL)
The SBA 7(a) program fills an important gap in access to capital for small businesses and allows lenders to build relationships by meeting borrowers' needs. NAGGL provides technical assistance, news, training programs, networking opportunities and more.
NAGGL members have access to a wealth of helpful resources such as commonly needed forms, compensation surveys, Authorization Wizards and Boilerplate, secondary market bid sheets, and much more.
For additional information contact NAGGL: www.naggl.org or Tel.: 405.377.4022
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Amvest Financial Group Advises Blackbird Capital Partners On the Acquisition of the Assets of Sabin Robbins
Kansas City, July 22, 2008. Amvest, a leading middle-market investment bank announced that it advised Blackbird Capital Partners in the acquisition of the assets of the job lot paper division of the former Sabin Robbins Paper Company.
Blackbird Capital Partners, an affiliate of Blackbird Capital Group (www.blackbirdcap.com), has acquired the job lot paper division of the former Sabin Robbins Paper Company of Cincinnati, Ohio. Blackbird acquired the operating assets of the $75 million division through a secured party sale. The new entity will be known as Sabin Robbins, LLC (www.sabinrobbins.com). Amvest Financial Group, Inc. indentified the acquisition and advised Blackbird Capital Group.
Blackbird has appointed Ron Litton as President and CEO of Sabin Robbins, LLC. Senior debt financing was provided by Chase Business Credit, a division of JPMorgan Chase & Co. Equity was provided by Blackbird and a group of local investors.
About the new Sabin Robbins:
The former Sabin Robbins Paper Company has been a leading provider of job lot and first line paper to the commercial printing industry since 1884. The new entity will provide some first line but mainly job lot paper, in addition to offering new products and services to its customers. In addition to its corporate offices in Cincinnati, the company has converting operations in Mansfield, Ohio, and sales and distribution facilities in Cleveland, Atlanta, and Chicago.
About Blackbird Capital Partners:
Blackbird Capital Group is a private investment firm that provides capital to and acquires distressed businesses. We quickly assess difficult situations and deliver creative solutions for our portfolio companies and opportunities to our investors.
In addition to providing liquidity and flexibility, Blackbird reduces costs and streamlines operations to recover corporate value and to position the company for long term growth and success.
About Amvest Financial Group:
Amvest Financial Group, Inc. is a middle-market investment bank based in Kansas City, Missouri. Founded in 1976, Amvest Financials Group specializes in mergers, acquisitions, divestitures and corporate finance services to business owners, managers and private equity groups throughout the United States. Services include acquisition searches, strategic advisory, turnarounds, etc.
Amvest professionals have unique experience as investment banking professionals by having acquired, operated and sold their own companies. This experience gives them the ability to truly understand our client’s needs. Visit our web site at www.amvest.com.
Contacts:
Sabin Robbins, LLC please contact Ron Litton at 513.874.5270.
Blackbird, please contact John Vota at 513.762.7890 or go to www.blackbirdcap.com.
Amvest Financial Group please contact Charles Oppenheimer 816.461.3312 x301 www.amvest.com
Charles K. Oppenheimer
President & CEO
AMVEST FINANCIAL GROUP, INC. SM
Post Office Box 1590
Independence, MO 64055
816 461-3312 Ext. 301
Fax 816 461-4644
coppenheimer@amvest.com
www.amvest.com
Investment Bankers Since 1976
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The Community Development Venture Capital Alliance
The Community Development Venture Capital Alliance (CDVCA) is a network for the rapidly growing field of community development venture capital (CDVC) investing. CDVC funds provide equity capital to businesses in underinvested markets, seeking market-rate financial returns, as well as the creation of good jobs, wealth, and entrepreneurial capacity. CDVCA was formed in 1993 and incorporated as a not-for-profit in 1995, CDVCA promotes use of the tools of venture capital to create jobs, entrepreneurial capacity and wealth to advance the livelihoods of low-income people and the economies of distressed communities.
CDVCA is working on many fronts to build, strengthen, and support the community development venture capital (CDVC) field. CDVCA promotes the field by combining advocacy, education, communications, and best-practice dissemination through conferences and workshops. CDVCA makes its expertise available to CDVC funds by providing consulting services and technical assistance. Contact: info@cdvca.org
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