WEST DES MOINES, Iowa--(Business Wire)--
LWBJ Financial announced today that its LWBJ Capital Advisors
division has been retained by Petra Capital Partners of Nashville,
Tenn., as strategic advisor for Iowa and the Midwest.
Paul Juffer, LWBJ Financial Senior Partner, states, "LWBJ is
committed to providing funding sources to companies in Iowa and the
Midwest. We are excited to be a part of bringing financing
alternatives to these companies."
"With LWBJ's assistance, Petra will continue to focus our
investment activity in the healthcare, business and information
services sector," commented Mike Blackburn, Managing Partner of Petra
Capital. "In order for a company to meet our risk profile, it must be
beyond its start-up phase and well into its growth phase of
development. Our capital is used to fuel growth through a sale, public
offering or recapitalization," Blackburn added.
Both Petra and LWBJ are privately held. Terms of the agreement
were not disclosed.
LWBJ Financial is a leading financial services firm serving the
needs of companies, families and individuals. The firm offers
traditional CPA services, business consulting, financial strategies
and capital solutions, benefits and executive compensation consulting,
comprehensive wealth planning and various proprietary financial
products through three divisions: CPAs and Business Advisors, Premier
Wealth and Capital Advisors. For more information, visit the Web site:
www.lwbj.com.
Petra Capital Partners (www.petracapital.com) is a private equity
firm engaged in providing expansion capital for high-growth companies
located throughout the United States. Petra is actively investing its
second SBIC fund, Petra Growth Fund II, which has $160 million of
available capital to invest. Its previous funds under management total
$130 million. Petra provides subordinated debt and/or preferred stock
to high growth companies for expansion, acquisition, buyout or
recapitalization in partnership with the founding management team.
Petra will invest up to $10 million per company and can arrange
greater amounts through its limited partners and network of
co-investors. Petra seeks companies with at least $10 million in
revenue and positive EBITDA at the time of investment.
LWBJ Financial
Michele Scaglione
Marketing Director
515-419-8357 mobile
515-224-7856 direct dial
mscaglione@lwbj.com
Copyright Business Wire 2008
