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Private Equity
cvfcapitalpartners.com

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Investments

18

Portfolio Exits

4

About CVF Capital Partners

CVF Capital Partners is a California-based investment firm that provides the capital and resources needed to help small and medium-sized businesses thrive.

CVF Capital Partners Headquarter Location

1590 Drew Avenue Suite 110

El Macero, California, 95618,

United States

530-757-7004

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Latest CVF Capital Partners News

CVF Buys Gary Platt Manufacturing

Dec 13, 2019

CVF Buys Gary Platt Manufacturing December 13, 2019 CVF Capital Partners has acquired Gary Platt Manufacturing, a maker of seating used in the gaming industry, in partnership with the company’s management team. Gary Platt’s products are used by casinos for their slots, table games, poker, bar-top, sportsbook, bingo, and hospitality seating needs. The company’s chairs are in virtually every casino in the US and its customers include International Game Technology, Bally, Aristocrat, WMS Gaming, Multimedia Games, Aruze and Konami. The Reno, Nevada-based company, led by CEO Joe Esposito, was founded in 1996 on the concept that high quality, comfortable chairs would increase player’s “time on device” and as a result, casino revenues. According to CVF Capital Partners, the casino and gaming industries have benefited from several recent legal changes and looks to be a growing sector. In May 2018, the U.S. Supreme Court ruled that the Professional and Amateur Sports Protection Act of 1992 was unconstitutional, freeing states to decide for themselves whether to legalize sports betting. As a result, residents in fourteen states are now able to place a legal sports wager, with more states expected to join them in 2020. With expanding legalization has come new business opportunities through the expansion of sports betting. As a result, the commercial casino gaming sector logged its fourth consecutive year of gaming revenue growth in 2018 – rising nearly 3.5 percent to $41.7 billion, a new historic high. New commercial casinos opened in Colorado, Massachusetts, New Jersey and New York, and voters in Arkansas have approved a constitutional amendment, making it the 25th state to legalize commercial casino gaming (and the 41st state overall with legal casino gaming, including tribal casino operations). “The changes in the U.S. gaming industry at the federal and state levels provide a great opportunity to invest in a rapidly growing segment where consumers are looking for new and innovative entertainment and hospitality options,” said Stefan Okhuysen, a principal at CVF Capital Partners. CVF Capital Partners makes majority and minority equity investments of $3 million to $15 million in Western US-based companies that have revenues of $10 million to $100 million and at least $1 million of cash flow. Sectors of interest include business services, transportation and logistics, niche manufacturing, value-added distribution, food, beverage, and agriculture. “The outlook for the casino and gaming industry is bright as more states introduce new gaming options including new casinos and sport betting venues,” said Mr. Esposito. “We look forward to the opportunity to partner with CVF in the years to go come. Their long experience in manufacturing and teaming up with management teams successfully will further help propel Gary Platt forward”. CVF Capital Partners was founded in 2005 and is headquartered near Sacramento in Davis, California, with additional offices in Fresno and San Diego. © 2019 Private Equity Professional | December 13, 2019

CVF Capital Partners Investments

18 Investments

CVF Capital Partners has made 18 investments. Their latest investment was in Vege Labs as part of their Private Equity on April 4, 2021.

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CVF Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/9/2021

Private Equity

Vege Labs

Yes

1

2/8/2021

PIPE

Gemini Therapeutics

$95M

Yes

5

1/28/2021

Private Equity

Recreation Resource Management

Yes

1

4/20/2020

Series C - IV

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$99M

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10

12/26/2019

Series F

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$99M

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10

Date

4/9/2021

2/8/2021

1/28/2021

4/20/2020

12/26/2019

Round

Private Equity

PIPE

Private Equity

Series C - IV

Series F

Company

Vege Labs

Gemini Therapeutics

Recreation Resource Management

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Amount

$95M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

5

1

10

10

CVF Capital Partners Portfolio Exits

4 Portfolio Exits

CVF Capital Partners has 4 portfolio exits. Their latest portfolio exit was LightRiver Software on April 05, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/5/2022

Acq - Fin

$99M

1

10/29/2021

IPO

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$99M

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10

1/13/2020

Acquired

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$99M

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0

1/13/2020

Acquired

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$99M

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10

Date

4/5/2022

10/29/2021

1/13/2020

1/13/2020

Exit

Acq - Fin

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

0

10

CVF Capital Partners Acquisitions

2 Acquisitions

CVF Capital Partners acquired 2 companies. Their latest acquisition was Gary Platt Manufacturing on December 13, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/13/2019

Debt

$99M

$1.5M

Acq - Fin

1

2/11/2019

Debt

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$99M

$99M

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10

Date

12/13/2019

2/11/2019

Investment Stage

Debt

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$1.5M

$99M

Note

Acq - Fin

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Sources

1

10

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