LWBJ Financial Retained by Petra Capital Partners as Strategic Advisor
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
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