Clovis Point Capital Launches First Fund and Introduces First InvestmentMarch 31, 2015
Houston, TX – March 31, 2015 – Clovis Point Capital has launched its first private equity fund, Clovis Point I, LP. Led by Christopher Joseph and Robert Shuford, the fund will pursue buyout and growth equity investments in U.S. based, lower-middle market companies. The fund will consider investments across all industries, but focuses on low fixed cost, recurring revenue business models earning $500,000-$3,000,000 in EBITDA. Clovis Point Capital is based in Houston, TX.
“Small businesses make up the backbone of our economy,” said Mr. Shuford. “However, business owners and management teams often lack access to capital to pursue various strategic initiatives. Clovis Point provides that solution. With a focus on building relationships, we invest the necessary time and energy into establishing trust and setting common goals with management teams.”
In conjunction with first close, equity interests in a previously closed transaction were contributed to the fund. The company, CPaT Global, LLC, offers distance learning and computer based training for the commercial aviation industry. CPaT’s interactive, device agnostic courseware covers the vast majority of commercial aircraft as well as includes a vast library of general subjects. The company’s customers include some of the world’s largest airlines and type rating training organizations.
“We could not be more excited to partner with the team at CPaT,” stated Mr. Joseph. “The aviation industry is experiencing unparalleled growth, and airlines are looking for efficient ways to train both their existing and new pilots. CPaT’s courseware enables pilots to train more effectively by giving pilots the ability to self-study and drastically reducing time in a training facility. The potential savings for airline customers are in the tens of millions.”
Clovis Point continues to raise funds in Clovis Point I, LP and is actively pursuing new investment opportunities. Please contact email@example.com with any questions.