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Firm making growth equity investments in healthcare IT and service companies that are well positioned to support the post-healthcare reform landscape may now proceed toward the application process for licensure of its private equity fund as a Small Business Investment Corporation
BOSTON–(BUSINESS WIRE)–April 22, 2014–
Mansa Capital Management, LLC, a private equity firm focused on the $2.5 trillion US healthcare market, has received a Green Light letter from the U.S. Small Business Administration (SBA) to continue its application process to obtain a license to form and operate a Small Business Investment Company (SBIC). The Green Light letter enables the firm to move toward application for licensure of a fund it manages as a Small Business Investment Corporation. The receipt of a Green Light letter does not, however, obligate the SBA to issue a Small Business Investment Corporation license.
Mansa Capital Principals (L to R): Jason P. Torres, Ruben King-Shaw Jr. and James Renna (Photo: Business Wire)
“While there are certainly no assurances, being Green-Lighted has some immediate advantages,” said Mansa Capital Managing Partner and Chief Investment Officer, Ruben J. King-Shaw Jr.
Mansa Capital will be added to the SBA’s Green Light list, which is broadly distributed nationally and internationally. Inclusion on the Green Light list verifies that Mansa Capital has successfully completed the first phase of the SBA’s rigorous due-diligence process.
“We hope to leverage this heightened profile to become more visible among a broader range of prospective portfolio companies with which we might share our healthcare industry and policy expertise,” said Mansa Partner & COO, Jason Torres.
Mansa Capital invests in high-growth companies with proven management teams, sound business franchises, and substantial unrealized potential. The principals are primarily interested in private businesses in the healthcare services and healthcare technology sectors. The firm also considers government-sponsored privatizations. The team aims to develop companies that deliver advances in cost-effective care (to new and existing populations), demonstrate potential for strong organic revenue growth, and exhibit both attractive margins and high returns on capital. The most important investment criterion for Mansa Capital is an appropriate business model including an exceptional management team with which the firm closely partners to grow and operate a business for the long-term.
“As we continue to pursue licensure, the SBA’s Green Light verifies for interested parties that we have met the Federal Government’s rigorous standards set for the fund’s management team, investment strategy, track record, administrative capabilities and prospects for long-term success. We’re pleased to have cleared the first hurdle and look forward to completing the rest of the application process in the next few months,” said James (Jim) Renna, a Mansa Partner who also leads the firm’s operations and advisory group.
About Mansa Capital
Headquartered in Boston, MA, with local offices in New York City, Miami and Dallas, Mansa Capital is a private equity firm focused on the $2.5 trillion healthcare sector in the US including Puerto Rico, the US Virgin Islands. The firm uses its expertise in healthcare policy and economics to help management teams grow top line revenues and develop new products that build exceptional value. Mansa Capital’s principals bring to the firm extensive expertise in healthcare operations, marketing and finance including senior-level experience in healthcare compliance, regulation and reimbursement. The team has distinctive knowledge in the early identification of innovative business models that enable patients and providers to thrive in the post-healthcare reform environment. The firm also has special insights in the largely untapped Hispanic healthcare market. www.MansaCapital.com
Forward Looking Statements
Statements included herein may contain “forward-looking statements”, which relate to our future operations, future performance or our financial condition. Forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and outcomes may differ materially from those anticipated in the forward-looking statements as a result of a variety of factors, including those described from time to time in our filings with the Securities and Exchange Commission or factors that are beyond our control. Mansa Capital undertakes no obligation to publicly update or revise any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release.
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Mansa Capital Management, LLC
Tisha Dore, 760-505-9676