Entrepreneurship & Venture Capital in Florida

Venture Capital sources in Florida include both local “Angel” or early-round investors and Venture Capital firms that invest in the state. Many of the latter are located in Florida but many others are located outside the state but have shown an interest in investing in the life sciences in Florida.

All investors focus on certain types of business and specific geographies, and they clearly state their investment focus on their website, so you should investigate that before contacting them.

 

Onion Crunch received equity financing from strategic investors

 

  • Background: Headquartered in New York, NY, Onion Crunch is an all-natural and Kosher crispy, crunchy, fried onion topping in the United States. Onion Crunch is a consumer product goods company specializing in building a brand in the foods industry.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
    • Identified and introduced strategic investors
  • Challenges:
    • Introduction of international product into U.S. market under a new brand
    • Novelty food products in a highly-focused segment
  • Outcome: In January 2013, Onion Crunch received equity financing from strategic investors.

Wolper Sale Dec 2012

Dever Sale Dec 2012

Wolper Subscription Services has been acquired by LM Information Delivery

 

  • Background: Headquartered in Easton, PA, Wolper is a full-service information management resource, providing customized solutions for subscription management and related resources including print and electronic, foreign and domestic magazine and journal subscriptions, as well as books and e-books, databases, site licenses, and state-of-the-art information management tools.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
  • Challenges:
    • Family business needing larger platform to continue to compete with growing U.S. competitors
    • Significant cultural differences with purchaser created many deal obstacles
  • Outcome: In December 2012, Wolper Subscription Services, Inc. was sold to LM Information Delivery, a competitor of the Company, with headquarters in Finland.

Dever has been acquired by Von Allmen Capital Partners

 

  • Background: Headquartered in Easton, PA, Wolper is a full-service information management resource, providing customized solutions for subscription management and related resources including print and electronic, foreign and domestic magazine and journal subscriptions, as well as books and e-books, databases, site licenses, and state-of-the-art information management tools.
  • Cassel Salpeter:
    • Served as financial advisor to the Company
  • Challenges:
    • Family business needing larger platform to continue to compete with growing U.S. competitors
    • Significant cultural differences with purchaser created many deal obstacles
  • Outcome: In December 2012, Wolper Subscription Services, Inc. was sold to LM Information Delivery, a competitor of the Company, with headquarters in Finland.

Bluegreen Sale Nov 2012

New website images

[nggallery id=1]

Avanti has been acquired by the Avanti Management Team and Gen Cap America

  • Background:  Headquartered in Miami, FL, Avanti is an innovative leader in the consumer appliances industry, targeting the niche compact home appliances sector and offering consumers a complete line of products, including microwaves, gas and electric ranges, dishwashers, portable laundry machines, water dispensers, upright and chest freezers, and compact and mini-kitchens.
  • Cassel Salpeter:
    • Served as financial advisor to The Mackle Company, Inc. (owner of Avanti Products)
    • Ran a competitive sales process, identifying and contacting over 80 financial parties
  • Challenges:
    • Achieve significant price for family owner, while transitioning Avanti management team to minority ownership with private equity partners
    • Low growth business in a competitive space
  • Outcome: In November 2012, Avanti was sold to the Avanti Management Team and Gen Cap America, Inc., a private equity firm based in Nashville, TN.

Haggen Solvency July 2012