12May/05

Cave Creek Capital Management LLC Completes $5 Million Investment in Integro

Cave Creek Capital is pleased to announce its recent investment in Integro Ltd., an insurance brokerage and risk management firm launched by Robert Clements, Pete Garvey, and Robert Egan and other senior executives from Marsh & McLennan Companies. The Integro team has a long track record of creating wealth in the insurance industry, generating over $12 billion of capital gains on $2 billion of investment in their previous ventures; including ACE, XL, MidOcean and Arch Capital.

Robert Clements, who stepped down as chairman of Arch Capital Group Ltd. last month, has secured more than $300 million in backing from insurance executives, private equity firms and other institutions to launch an insurance brokerage, Integro Ltd., to target large corporate accounts. The company hopes to benefit from the conflict-of-interest scandals in the insurance industry, offering brokerage services exclusively.

Cave Creek Capital was joined by several major buyout firms; including DLJ Merchant Banking Partners, Weston Presidio Capital and Century Capital Management LLC plus the pension trust unit of General Electric Co., hedge fund Highfields Capital Management LP and holding company Leucadia National Corp.

Cave Creek Capital Contact:
Patricia Attridge, Administrator
Phone: (480) 659-4699
admin@cavecreekcapital.com

12Mar/05

Cave Creek Capital Management LLC Closes VMC Buy-Out

Cave Creek Capital completed the management buyout of Vibration Mountings & Control (“VMC”), a division of Aeroflex, Inc (NASD: ARXX). Cave Creek Capital Management LLC invested in the Equity Securities alongside Management and served as their Financial Advisor in raising the Senior Debt and Mezzanine Securities.

VMC is a leader in the design and manufacture of vibration isolation, shock and seismic restraint systems, providing engineered solutions for the commercial, industrial and military markets. Headquartered in Bloomingdale, NJ, the Company sells to the following primary markets; (i) building mechanical/HVAC contractors; (ii) OEM’s for the transportation, heavy equipment and power generation sectors and; (iii) mounting systems for defense electronics and weapons systems. Systems to reduce shock and vibration are critical in many applications and markets and are often mandated by law. VMC’s management team has achieved a worldwide reputation in this area and brings over 80 years of collective experience in this market.

PNC Business Credit provided a senior bank facility of $9.2 million and Management, Cave Creek Capital and Hill Street Capital provided Equity and Subordinated Capital of $4 million.

Cave Creek Capital Contact:
Patricia Attridge, Administrator
Phone: (480) 659-4699
admin@cavecreekcapital.com