Versa Capital Opens Chicago, LA Offices

Versa Capital Management, a Philadelphia-based turnaround firm, has opened offices in Chicago and Los Angeles. The Chicago office will be led by Suzanne Yoon, a former senior vice president of CIT’s national restructuring group. The LA office will be led by David McReynolds, a former principal with American Capital.

PRESS RELEASE

Special situation private equity fund Versa Capital Management, Inc. announced today that it has opened offices in Chicago and Los Angeles with the addition of industry veterans Suzanne Yoon and David McReynolds.

Ms. Yoon joins Versa as Director – Midwest U.S., based in Chicago. Prior to joining Versa, Ms. Yoon was a Senior Vice President of CIT’s National Restructuring Group. Previously, she co-founded LaSalle Business Credit/ABNAMRO’s Corporate Restructuring Group. Her career has included positions in distressed loan portfolio management and turnaround advisory at LaSalle Bank N.A. and Ernst and Young’s Restructuring Advisory Group, respectively. Yoon was formerly the co-chair of the American Bankruptcy Institute’s Finance Committee, and is an active member of the Turnaround Management Association and International Women’s Insolvency and Restructuring Confederation. She holds a BBA in Economics from University of Iowa.

Mr. McReynolds joins Versa as Director – Western U.S., based in Los Angeles. He was previously a Principal at American Capital, Ltd., where he headed West Coast operations for the Special Situations Group. He was formerly a founding partner and principal at Signature Capital Partners, an investment firm focused on special situation lending and distressed debt acquisition. His career has included positions in leveraged lending, M&A advisory, and corporate finance at Republic Financial Corp, Murphy Noel Capital, John Nuveen & Co, respectively. McReynolds currently serves as President of the Southern California Chapter of Turnaround Management Association (TMA) and Co-Chair of the 2010 TMA Distressed Investing Conference. He is an AIRA Certified Insolvency & Restructuring Advisor (CIRA) and a member of the Milken Institute Young Leaders Circle. Mr. McReynolds received his MBA from the University of Chicago’s Booth School of Business.

About Versa Capital Management, Inc.

Versa is a private equity firm with $950 million in committed capital focused on executing a ‘special situations’ investment strategy involving assets or businesses including those undergoing recapitalization, divestiture, or other transition. The firm invests in all facets of a company’s capital structure. For more information, please visit www.versa.com.