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Bench Strength and a New Investment for Spara Merchant Capital Corp / The Spark Fund
March 2010 – Spara Merchant Capital Corp is very pleased to announce the addition of
Michael Wolfe to the Spara team and its fourth investment, the first under The Spark Fund in ResQ Mobile Solutions.
Michael Wolfe Joins Spara Merchant Capital as Managing Director
Spara Merchant Capital Corp. ("SMCC"), part of the Spara Group of Companies, is pleased to announce that Michael
Wolfe has joined the firm as Managing Director.
Michael will be responsible for managing the firm’s private equity investing activities. SMCC targets investments
in emerging growth companies through The Spark Fund. The Spark Fund is a dedicated fund committed to "spark"ing the
growth and development of early stage, privately owned Canadian companies by providing the necessary capital and
operational experience to transition to the next level. The Spark Fund provides growth capital on a minority interest
basis to private Canadian businesses with revenues and enterprise values under $10 million.
Michael has 17 years of private equity investing, business valuation and accounting experience, working primarily
with mid-market companies. Prior to joining SMCC, Michael was General Partner at VenGrowth Private Equity Partners
Inc. He was responsible for sourcing and managing subordinated debt and equity investments. Michael was an active
member on the Board of Directors for several VenGrowth investee companies and was a member of VenGrowth’s investment
committee and valuation committee.
"Michael's extensive private equity experience in the Canadian mid-market makes him an ideal partner for our firm.
There is limited equity capital available for smaller transactions and there are a large number of quality emerging
growth companies that require both equity capital and operational support to transition to the next level. Adding
Michael to the team enhances SMCC’s ability to capitalize on the opportunity in the market place", states Jason
Sparaga, President of Spara Capital Partners.
"I am looking forward to working with the team at Spara Capital and further developing SMCC’s investing activity",
states Michael. "Spara, through The Spark Fund is focusing on an undercapitalized and under-serviced market. I believe
that we can add tremendous value, from both a human and financial capital standpoint to help emerging companies achieve
real and significant value."
Michael can be contacted at (905) 829-5757 ext.31 or mwolfe@sparacapital.com.
The Spark Fund Completes Investment in ResQ Mobile Solutions
Spara Merchant Capital Corp ("SMCC") completed its fourth investment in February 2010. This is the first investment
made under SMCC’s recently formed The Spark Fund. The Spark Fund made an equity investment in ResQ Mobile Services ("ResQ").
ResQ is a Mobile Solutions Provider that creates customized GPS tracking solutions used for asset tracking and management.
The Spark Fund invested capital to help ResQ achieve its growth objectives. In addition, Spark principals are working
closely with ResQ management to help establish internal infrastructure, financial controls and processes to support the
business as it grows.
"We are very excited to invest in and partner with ResQ to achieve the vision and growth objectives of Chad Hughes,
the founding shareholder" states Eric Waxman, Managing Director. "ResQ is pursuing an emerging, yet competitive market in
a unique way that we feel will be very successful when combined with our capital as well as our strategic, financial and
operational support."
Chad Hughes is excited about the partnership. "I was looking for more than just money to help grow my business. Spara
brings an element of expertise and professionalism that I would not have access to at this stage in the development of my
business. To be successful, I need to surround myself with good people. The Spark team supports this view and their
investment will help facilitate this, but as important is that their involvement is allowing me to focus on growing the
business while having the comfort there is a sound infrastructure being put in place to support the growth."
Further information about ResQ can be found at www.resqgps.com
About the Spara Group of Companies
Spara is a boutique investment and merchant banking firm that provides customized solutions to entrepreneurial businesses.
Via Spara Capital Partners, the firm provides corporate finance and mergers and acquisitions advisory services to private
and micro-cap public businesses with revenues in the range of $10 to $150 million. Via Spara Merchant Capital Corp/The Spark
Fund, the firm invests in small, privately owned businesses with revenues and enterprise values of less than $10 million.
For additional information on Spara Capital Partners and its affiliated companies, please visit
www.sparacapital.com.
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