CHB Capital Partners

Current Newsletter

Spring 2008

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Winter 1997

As this newsletter goes out the National Western Stock Show has concluded. It is an annual event that provides a close up view (nothing like sharing a narrow hallway with a twelve year old girl and her "pet" 2000 lb. Brahma bull to focus the mind) at a way of life unknown to those of us that grew up in the East. As the graphic shows, we now know that there is at least one more exciting way to earn a living than private equity investing.

We continue to come across a wide variety of opportunities within our niche -- family owned and closely held businesses that are looking for a partner to provide capital for ownership transition and growth. At the moment we are finalizing financing commitments for an investment that we will hopefully be able to discuss in more detail in our next newsletter. Other situations that we are looking at now include a growth equity investment in a closely held manufacturer of intelligent lighting systems, a management buyout of a telecommunications equipment manufacturer and a management buyout of an automotive parts distributor.

Trussway Ltd., our first investment, continues to perform well. Recently, we have been working with management to evaluate several interesting acquisition opportunities. Trussway wishes both to expand its presence in the single family market and to increase its geographic coverage of the multifamily market. Let us know if you have an interesting potential candidate.

We have also continued speaking on issues related to financing alternatives for private businesses undergoing transitions. Tad attempted and mostly succeeded in keeping 30 or so attorneys awake on a Friday afternoon during a Continuing Legal Education seminar in Denver. He also spoke at the Attorneys for Family Held Enterprises conference (which we helped to sponsor) in Dallas in November. John develops the presentations, while Tad gives them -- it's a toss-up as to who has the better end of the deal.

We encourage you to call us with interesting investment opportunities within the closely held and family owned business market. We look for transactions where we can invest $2 million to $10 million in equity capital in established companies with $25 million or more in revenue in industries that are not overly volatile. Should you call, we guarantee you a thoughtful and timely response.

Best regards,
Tad Kelly & John Flanigan


511 Sixteenth Street, Suite 600 Denver, CO 80202
Telephone: (303) 571-0100 Facsimile: (303) 571-0114