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Transactions Sekits Capital has been highly successful at quickly attaining a client base with diverse investment banking requirements. The firm will continue to emphasize its expertise and relationships with financial services, financial technology and consumer product companies. Closed Transactions: In March 2002, sekits Capital was retained to advise on the formation, strategy development and initial funding of The Advice Hotline. Advice Hotline provides personal advice to consumers over the telephone through a network of Company Advisors. Advice Hotline advertises its services through television media to capitalize on demonstrated consumer buying behavior. In May 2002, we successfully raised the first round of financing from several private investors. The funding will allow the company to run a series of media tests to determine the service’s viability.
As of December 2001, we are pleased to announce the formation of Causeway Capital Management, LLC and its initial funding by Evercore Partners. Sekits Capital advised Causeway in this transaction. Causeway is rapidly building an exceptional asset management business that defines itself by its distinguished track record investing in international equities. Sarah Ketterer and Harry Hartford, the investment team formerly with Merrill Lynch and Hotchkis and Wiley, founded Causeway in June 2001. At Merrill Lynch, they managed over $3.5 billion in international equities. Causeway will focus on managing international equities for large institutional investors in addition to managing the Causeway International Value Fund which offers both institutional as well as retail investor shares. For more information please go to: www.causewayfunds.com
In July 2000, eCloser, Inc. announced a $15.0 million second round of venture financing with capital provided by Dorset Partners, Friedman Billings and Coqui Capital. The first round of financing was provided by Silvergate Capital Corporation in a transaction initiated by sekits Capital. eCloser http://www.eCloser.com/ is an application service provider (ASP) of hosted solutions for financial service firms engaged in consumer and mortgage lending. eCloser provides rapidly deployable solutions that serve multiple channels of business and methods of communication. eCloser's XML based solutions support consumer direct, traditional retail and wholesale/broker based lending activities through one common interface. eCloser and Silvergate Capital Corporation retained sekits Capital to advise on its second round of financing.
In February 2000, LoanTrader, Inc. announced a $17.6 million venture financing with capital provided by Capital Z Partners, Goldman Sachs, LendingTree and a number of angel investors. LoanTrader is an Internet technology business that specializes in providing Internet applications for financial service companies. LoanTrader.com is the premier residential mortgage exchange for mortgage brokers and lenders. As of January 25, 2000, LoanTrader.com’s marketplace consisted of 2,500 brokerages and 30 lenders which transmitted more than $375 million in loans in the past quarter. In addition to LoanTrader.com, the Company also provides a turnkey technology platform for private-label use by brokers and lenders. LoanTrader retained sekits Capital to assist in business plan development and to assist with identifying venture capital sources. Our close working relationship with LoanTrader also included identifying customers and strategic partners in our role as its external corporate development team. Sekits Capital initiated this financing transaction and represented LoanTrader. In September 1999, Silvergate Capital Corporation announced the acquisition of Altus Mortgage dba eCloser. Silvergate Bank is a California thrift and loan specializing in commercial lending and offers nationwide retail deposits. eCloser is one of the premier Internet mortgage companies, having entered the online mortgage origination business in 1997. E-Closer is an ASP lending solution for multiple asset classes. eCloser has developed and tested one of the industry's most advanced online loan origination, processing and rate-quoting systems. Through this unique combination of an FDIC chartered institution and an Internet technology company, eCloser is now providing private label, web-enabled processing and loan fulfillment to banks and other lenders. sekits Capital initiated this transaction and represented Silvergate. |
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