Privatus Group LLC Launches Investment Banking and Management Consulting Services; South Florida Companies Gain a Financing Partner.Business Editors/Technology & Finance Writers FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 26, 2002 Privatus Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced the launch of its new investment banking and management consulting services for small and mid-market companies, giving South Florida fast-track business executives greater access to financing sources and strategic partnerships in today's tight marketplace. Privatus Group founding partners are Steven P. Leone, a former KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP LLP - Lower Layer Protocol Partner; Robert S. Kelner, a seasoned veteran of public and private business turnarounds; and William E. Tessaro, a technology executive with experience from Citrix, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Together the Privatus team brings years of senior level experience and valuable industry contacts to South Florida companies striving to attain higher levels of financial performance. "The Privatus strategy is to `partner for success' with the executive management team," emphasized Steven P. Leone, Privatus Managing Partner. "We deliver solid Fortune 500 experience to supplement the frequently strained executive resources of a business undergoing explosive growth. Privatus hits the ground running with substantial public and private company experience in the technology, financial services, healthcare, manufacturing, retail and distribution industries." "Privatus partners rolled up their sleeves and got right to work for us in seeking capital sources and strategic partners," said Michael Bowman of ASEVA ASEVA Asociación Española del Vacío y Sus Aplicaciones (Spanish Association for Vacuum and Its Applications) Teleservices. "They enabled us to maintain focus on business development and operations while also addressing the time-consuming process of raising funds." Target markets for Privatus include companies with three to five years of on-going operations and a pattern of solid growth. The ideal corporate candidate will have an existing revenue stream, although pre-revenue companies are considered if an initial round of funding is already in place. Current clients include TevixMD, Interfuse interfuse Verb [-fusing, -fused] 1. to mix or become mixed 2. to blend or fuse together interfusion n Technology Corporation and ASEVA Teleservices. Privatus Group LLC works through two affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Privatus Capital LLC assists clients with debt and equity financing needs. Privatus Consulting LLC provides management consulting services to supplement executive team expertise during accelerated growth periods. About Privatus Group: Privatus Group LLC is an investment banking and management consulting firm headquartered in Fort Lauderdale, Fla. The Privatus strategy is to "partner for success" with a company's management team in preparing for capital infusions, mergers and acquisitions, and business process re-engineering See reengineering. (business) Business Process Re-engineering - (BPR) Any radical change in the way in which an organisation performs its business activities. BPR involves a fundamental re-think of the business processes followed by a redesign of business activities to . The term "privatus" translates to "lead a private business to greater levels of performance." The founding partners - Steven P. Leone, Robert S. Kelner and William E. Tessaro - are seasoned executives with years of experience from leading U.S. companies like KPMG LLP, Citrix, IBM and EDS. Additional details are available at http://www.privatusgroup.com. |
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