SVOBODA CAPITAL PARTNERS, LLC SELLS ITS STAKE IN WORLD DATA PRODUCTS
Chicago, IL —August 6, 2010: World Data Products, Inc. (“WDP”) has successfully completed a recapitalization led by Prospect Partners, a leading lower middle-market private equity firm based in Chicago, IL. Svoboda Capital Partners, LLC (“SC”) and Bank of America Merrill Lynch Legacy Investments (“BAML”) sold all of their interests to Prospect Partners and WDP management. Mr. Neil Vill, CEO of WDP, and the rest of the management team will continue forward with the Company. SC originally invested in WDP in October 2000 through its first fund.
“SC has enjoyed a great relationship with WDP and we will miss the outstanding partnership with Neil Vill and the WDP team,” said John Svoboda. “Prospect Partners has a strong track record and it has invested in a solid company with an excellent management team that will drive strong results.”
“Our partnership with SC and BAML has been extremely positive,” Mr. Vill said. “We are excited about the opportunity to work with Prospect Partners, which specializes in partnering with niche companies of our size. Prospect Partners’ investment team has an impressive history of helping portfolio companies pursue smart expansion strategies that achieve strong results.”
Founded in 1987, World Data Products is one of the largest independent resellers of refurbished server, storage, and networking equipment to more than 4,000 corporate end user customers and broker/dealers throughout the United States. The Company’s product offering ranges from complete systems to individual parts, and is complemented by technical services such as repair, systems management, network management, consulting and training.
Cleary Gull acted as WDP’s exclusive investment banking advisor in connection with the transaction.
About Svoboda Capital Partners, LLC
Svoboda Capital Partners is a Chicago-based private equity firm that invests in and helps build leading value-added distribution, consumer and business services companies in the lower middle-market. Founded in 1998, SC has $250 million of capital under management. For more information, please visit www.svoco.com.
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