Southridge Capital is a financial services company that serves the diverse needs of its clients by providing them with innovative financial solutions. It has financed over 250 public companies and provides many services under the advisory umbrella as well as other services to companies who work with it.
One of the advisory services that Southridge Capital offers is Financial Analysis, which involves providing the company it is advising with projected financial statements based on the company’s current financial operations. It also offers Balance Sheet Optimization, through which a balance between debt and equity is managed. It also offers Restructuring Analysis, which is focused on helping a company restructure its assets as necessary, and Bankruptcy Advice, which includes negotiations and restructuring in order to keep a company it is advising from going bankrupt. Southridge Capital focuses on thinking outside of the box in its restructuring efforts and collaborates directly with the creditors of the company it works with in addition to offering monetization of the company’s assets.
Southridge Financial’s management team is made up of five individuals – Stephen M. Hicks, founder and CEO, Narine Persaud, CFO and Controller, Laurence J. Ditkoff as CPA and Director of Research, Henry B. Sargent as COO and General Counsel, and Linda Carlsen with Portfolio Management. Check out scribd.com to know more.
In addition to thinking outside the box when it comes to asset management, Southridge Capital also thinks outside the box in terms of philanthropy. Along with his wife, CEO Stephen Hicks founded the Daystar Foundation, a philanthropic organization that supports organizations such as the Bradford Peterson Memorial Scholarship Fund, the Ridgefield Community Center and the Save a Child’s Heart Foundation.
Southridge Capital was founded in 1996 and is based in Ridgefield, Connecticut. In addition to their advisory roles at many companies, it has helped fund Raft International’s Venture Round as a lead investor in 2005 and Fakespace Systems’ Venture Round in 2001. It has invested over $1.8 billion into companies all over the world since its launch and in 2015 it entered into a $5 million equity purchase agreement with Elite Data Services, a company based in Dallas, Texas.