Wellbridge Capital has created a private equity buyout fund, Wellbridge Capital 1, which aims to capitalize on the growing numbers of baby boomer business owners retiring and deciding w
Wellbridge Capital has created a private equity buyout fund, Wellbridge Capital 1, which aims to capitalize on the growing numbers of baby boomer business owners retiring and deciding what to do with their companies.
‘With over 750,000 baby boomer business owners expected to retire in 2009, WC1 represents an historic opportunity for private equity investors like Wellbridge Capital who have the financial know-how to craft smart deals, and the operational experience to capitalize on this opportunity,’ says Wellbridge Capital co-founder and principal Randy LeTang (pictured).
LeTang says WC1 is a potential win-win for investors and entrepreneurs.
‘For baby boomer business owners looking to retire or for liquidity, Wellbridge Capital can be a partner that will help them build on or benefit from what they’ve created by implementing best practices, cost controls, and providing a clear and scheduled path to exit. For investors, the WC1 fund can provide ‘build-to-suit’ opportunities for their portfolios,’ he says.
Wellbridge Capital is a private equity buyout fund manager focused on investing in the industrial, financial services and defence/government industries, as well as providing financial and operational advisory services.