|
|
GREENBERG ADVISORS STRUCTURES EXCLUSIVE PARTNERSHIP BETWEEN SENIOR ARM EXECUTIVE AND PRIVATE EQUITY FIRM IN CREATION OF REPRISE MANAGEMENT GROUP
Washington, DC – April 21, 2009 – Greenberg Advisors, LLC announced today the formation of a financial and strategic partnership between Timothy Bauer and private investment firm, H.I.G. Capital, LLC ("H.I.G."), in the creation of the Reprise Management Group ("Reprise"), a diversified Accounts Receivable Management (ARM) firm. The parties will focus initial efforts on acquiring a platform firm, followed by the acquisition of targeted add-on acquisitions. Greenberg Advisors initiated and negotiated the partnership, and advised Mr. Bauer throughout its formation. Greenberg Advisors has also been retained by the parties to advise and facilitate the ongoing acquisition effort at the newly-formed Reprise. Mr. Bauer, a 25-year veteran of the ARM industry, has held senior operations and sales/marketing positions at top five ARM firms including Outsourcing Solutions, Inc. (now a part of NCO Group, Inc.), Risk Management Alternatives (Atlanta, GA) and was most recently Chief Executive Officer of Academy Collection Services (Philadelphia, PA). According to Bauer, "We believe that H.I.G.’s capital and strategic insights, coupled with my industry experience and relationships, will enable us to build a client-focused ARM firm that offers 1st and 3rd party services to clients in a handful of selected markets, including financial services, telecommunications, and some niche segments. The timing in our industry is very good for this plan, and we believe that our ability to move quickly will be appealing to many shareholders seeking incremental liquidity and growth." Commenting on the role of Greenberg Advisors, Bauer stated, "Brian Greenberg’s extensive knowledge of the market and the investors interested in the ARM industry has been critical to our success thus far. His depth of knowledge in ARM transactions helped us steer clear of tire kickers to focus on the truly interested and qualified parties, which enabled us to save considerable time in establishing our new enterprise. We at Reprise have every confidence that we have aligned ourselves with the best possible financial partner in H.I.G. and fully expect that Greenberg Advisors' guidance and input will continue to serve us very well throughout the growth of our new company." To learn more, or to discuss a potential opportunity, contact Brian Greenberg at Tel. 301-576-4000 or bgreenberg@greenberg-advisors.com, or contact Tim Bauer at 404-386-1878 or bauer_t@bellsouth.net. All inquiries held in strict confidence. About Greenberg Advisors About H.I.G. Capital |