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| Press Releases |
FOR IMMEDIATE RELEASE
Carter Morse & Mathias Raises Capital for Management Buyout of WorldBusiness Capital SOUTHPORT, Connecticut, October 15, 2007 -- Carter Morse & Mathias today announced that the management of WorldBusiness Capital, Inc. (“WBC”), headquartered in Hartford, Connecticut, has purchased the majority ownership of the company from its institutional investors. WBC provides debt financing for small business projects involving international emerging markets. Carter Morse & Mathias was WBC’s exclusive financial advisor in the transaction and arranged the financing for the buyout. WBC’s primary business is making loans up to $10 million to finance small and midsize companies investing in targeted high growth markets though out Latin America, Eastern Europe and Asia. These loans are backed by U.S. government guarantees. WBC was originally funded in 2003 by WBC’s CEO and founder, Brett Silvers, along with a private equity firm and a Fortune 500 company. Carter Morse & Mathias was WBC’s advisor on the 2003 transaction. “I would like to thank our prior investors for their support in helping us launch WBC”, said Silvers, “and to welcome our new lead financial partner, Hunting Dog Capital LLC of San Francisco, California, who is an experienced specialty finance investor.” He added, “Carter Morse & Mathias came through again for us. The new round of financing provided sufficient financing for the buyout with minimal equity dilution.” ************************************************* Carter Morse & Mathias is a regional investment banking firm, founded in 1987 and headquartered in Southport, Connecticut. It specializes in merger and acquisition advisory activities, raising private capital from institutional investors, venture development services, and business valuations for entrepreneurial companies in New England. For more information about Carter Morse & Mathias, please visit. www.cartermorse.com. For more information, contact Michael Carter, Managing Director, (203) 254-3333, x222.
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