San Diego, California-based private equity and consulting company Aero Financial has agreed to buy a 65% stake in Sycamore Ventures, Inc. (Pink Sheets: SYVN), a holding company incubator that acquires and develops health, nutrition and education companies.
As stated by CEO James Price, with the acquisition Aero aims to augment its capabilities as a strategic advisor and to enhance its overall portfolio. “This investment is an initial step that will not only enable us to build overall value for Aero, but it will allow us to provide flexible financing and growth strategies to Sycamore’s current and prospective partner companies, build value in their business, and ultimately realize that value through a well-timed exit”, he said.
Park City, Utah-based Sycamore will continue to target companies with proven business models and strong leadership and will continue to be managed day-to-day by President, Don Tolman and his team.
Founded in 1992, Aero has advanced into a Diversified Holding Company with equity ownership in a wide array of companies participating in several market segments and sectors.
FinSMEs
13/02/2012