Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recently completed $32.5 million capital raise for Vology Data Systems, a Tampa, Florida-based leading value added-reseller of new and pre-owned networking and telecommunications equipment. The capital raised was a combination of equity capital, mezzanine debt and senior bank debt. The growth equity investment was led by LLM Capital Partners, LLC, a Boston-based private investment firm. Banyan Fund, L.P. and Harbert Mezzanine Partners II, L.P. provided funding in the form of subordinated debt. Bank of America renewed the Company’s existing senior revolver facility. Hyde Park Capital served as the investment banker and exclusive financial advisor to Vology for these transactions and sourced the new capital for the Company. The transaction substantially improves the Company’s liquidity, credit ratios, and financial position and provides additional working capital to fund growth initiatives including potential acquisition opportunities. Akerman Setterfit, the largest law firm in Florida and ranked among the top 100 law firms in the U.S. in 2010 based on the number of lawyers, represented the Company.
About Vology Data Systems
Ranked in the Inc. 5000 list of fastest growing private companies in the US for five consecutive years, Vology Data Systems is a leading global technology solutions provider that serves tens of thousands of customers across 80 countries. Vology has one of the industry’s largest inventories of top quality new and pre-owned manufacturer products, including Juniper (Elite Partner) Cisco, Extreme Networks, Avaya, HP, Brocade, ShoreTel and Force10 solutions. Vology provides same-day and next-day shipping on most items as well as flexible purchasing and leasing terms. The company offers total IT asset lifecycle management expertise to help customers power their enterprises as their technology requirements evolve. Vology is headquartered in Tampa Bay, Florida with offices in Atlanta, Syracuse, Denver, Sacramento and Santa Barbara. For further information, please visit www.vds.com.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and private capital raises and serving the corporate finance needs of middle market public and private companies. Our principals have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt. As one of the most active investment banking firms in Florida and the Southeast, our professionals have advised on more than 300 corporate investment banking transactions totaling more than $10 billion in transaction value. We are headquartered in Tampa, Florida and are a member of FINRA and SIPC. For additional information about Hyde Park Capital, visit www.hydeparkcapital.com or call (813) 383-0202.
