Teakwood Capital has realised its minority investment in Global Acceptance Credit Company, a provider in the non-performing and distressed consumer receivables market. At the time of exit, the company owned and managed over a billion dollars in assets.
Teakwood Capital, a Dallas, Texas private equity firm, announces the successful exit of its minority investment in Global Acceptance Credit Company (GACC) Inc., a leading provider in the non-performing and distressed consumer receivables market.
Teakwood Capital’s growth equity investment helped GACC expand into new markets and grow its operations, while providing partial liquidity to its founders and shareholders. The company’s assets grew 45% compounded annually (CAGR) since Teakwood’s investment. GACC was ranked as a Top 15 consumer debt purchaser in the US by the Nilson Report in 2011. At the time of exit, the company owned and managed over a billion dollars in assets.
“Teakwood Capital and GACC developed a strong partnership, taking the company in new strategic directions and successfully navigating the tectonic shifts in the financial and regulatory climate,” said Dan Shimer, Managing Director of Teakwood Capital. “Teakwood offered us ideas and different perspectives on our business, that weren’t readily apparent to us from inside looking out. They ensured the success of both the principals and the company,” added Mike Varrichio, Founder and CEO of GACC.
About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm, that provides comprehensive equity financing in support of management teams aspiring to buy and grow companies. The firm’s Managing Directors bring over 160 years of combined operational and financial expertise to assist companies in reaching their full potential. Teakwood invests primarily in profitable businesses in Texas and neighboring states, with revenues under $25 Million.