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Asset/Investment Management
equuscap.com

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Investments

33

Portfolio Exits

13

Funds

4

Partners & Customers

2

About EQUUS Total Return

Equus Total Return Inc is a public Investment/General Brokerage afirm located in Houston, TX.

EQUUS Total Return Headquarters Location

2727 Allen Parkway

Houston, Texas, 77019-2163,

United States

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Latest EQUUS Total Return News

Equus Total Return : Shareholders Grant Authorization To Withdraw BDC Election and Increase Authorized Shares

Jan 20, 2021

01/04 01/20/2021 | 06:28am EST Message : Authorization Prepares Company for Potential Transformative Transaction HOUSTON, TX - January 20, 2021 - Equus Total Return, Inc. (NYSE: EQS) ("Equus" or the "Company") today announced that the majority of its shareholders have authorized the Company's Board of Directors (hereinafter, the "Board") to: (i) cause the Company's withdrawal of its election to be classifed as a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act") as part of a potential strategic transformation of Equus into an operating company; and (ii) increase the Company's authorized shares of common and preferred stock from 50 million to 100 million shares, and from 5 million to 10 million shares, respectively. Over the past several years, the Company has examined a number of potential transactions in a variety of sectors , including energy, natural resources, containers and packaging, real estate, media, technology, and telecommunications. These reviews have included consideration of potential strategic transactions to maximize value to shareholders as an operating company not subject to the 1940 Act. The authorization granted by the Company's stockholders allows the Board to: (i) withdraw the Company's BDC authorization on or prior to August 31, 2021 as part of a potential strategic transformation of Equus into an operating company and, (ii) increase the number of authorized shares of common and preferred stock to enable the Company to have greater flexibility to consider a wider range of potential acquisition targets and associated financing options. Although Equus has been authorized to withdraw and terminate the Company's BDC election under the 1940 Act, it will not submit any such withdrawal unless and until Equus has entered into a definitive agreement to acquire an operating company. Risks and Uncertainties The outbreak of Covid-19 in the United States in February 2020 and its subsequent resurgence in 2021 has presented a number of challenges to achieving the Company's operational and strategic objectives. Government travel bans, border closures and directives on social distancing and shelter-in-place mandates have made it difficult to conduct in-person due diligence examinations, negotiations, and other functions which are endemic to the interpersonal nature of private equity investing in addition to the mergers and acquisitions process. Should these disruptions and restrictions on travel continue throughout 2021 as a result of Covid-19, the Company cannot, therefore, give assurance that its endeavors to pursue a transformative transaction will not be materially adversely affected thereby. The transformation of Equus into an operating company is subject to various conditions, risks, and uncertainties. Such risks should be considered in addition to the items identified as "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 30, 2020. Potential Advantages An operating company structure, in lieu of a closed-end fund structure, could be advantageous to Equus and its shareholders in various ways, including: (i) a greater number of growth opportunities through merger with and acquisition of other operating companies, (ii) a valuation of Equus based on typical operating criteria such as earnings, revenue, and gross profit, instead of net asset value, (iii) lower proportional compliance costs due to Equus not being regulated under the 1940 Act, and (iv) greater flexibility to issue common and preferred equity, as well as other types of securities as consideration for acquisitions and growth of the Company. Even if the Company utilizes its shares to acquire investment assets and remains a BDC, the Company believes that it could gain cost efficiencies in managing a greater number of assets such that Company expenses as a percentage of assets under management would decrease. In recent years, Company management has made significant efforts to decrease overall costs and costs relative to its net asset value including, for example, reductions in staff and in the number of members of the Company's Board. Forward-Looking Statements This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the performance of the Company, including our ability to achieve our expected financial and business objectives, our ability to execute our reorganization under the Plan and complete the transactions contemplated thereby, the other risks and uncertainties described herein, as well as those contained in the Company's filings with the SEC. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material. Contacts: 2 This is an excerpt of the original content. To continue reading it, access the original document here . Attachments

EQUUS Total Return Investments

33 Investments

EQUUS Total Return has made 33 investments. Their latest investment was in Infinia as part of their Debt - II on May 5, 2013.

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EQUUS Total Return Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/8/2013

Debt - II

Infinia

$8.32M

No

3

9/6/2012

Series D - III

Infinia

$14.13M

No

12/6/2011

Series D - II

Infinia

$4M

No

5/20/2008

Unattributed VC

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$99M

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0

2/19/2008

Unattributed VC - II

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$99M

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0

Date

5/8/2013

9/6/2012

12/6/2011

5/20/2008

2/19/2008

Round

Debt - II

Series D - III

Series D - II

Unattributed VC

Unattributed VC - II

Company

Infinia

Infinia

Infinia

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Amount

$8.32M

$14.13M

$4M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

3

0

0

EQUUS Total Return Portfolio Exits

13 Portfolio Exits

EQUUS Total Return has 13 portfolio exits. Their latest portfolio exit was PalletOne on December 10, 2020.

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

12/10/2020

Acquired

$99M

3

6/26/2015

Acquired

$99M

1

11/22/2013

Acquired

$99M

1

7/3/2013

Acquired

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$99M

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10

5/14/2007

Acq - Fin

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$99M

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0

Date

12/10/2020

6/26/2015

11/22/2013

7/3/2013

5/14/2007

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

1

10

0

EQUUS Total Return Acquisitions

4 Acquisitions

EQUUS Total Return acquired 4 companies. Their latest acquisition was Doane Pet Care Enterprises on October 18, 2005.

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

10/18/2005

$99M

Acquired

6/19/2000

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$99M

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0

6/16/2000

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$99M

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0

3/11/1994

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$99M

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10

Date

10/18/2005

6/19/2000

6/16/2000

3/11/1994

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

0

0

10

EQUUS Total Return Fund History

4 Fund Histories

EQUUS Total Return has 4 funds, including Equus Investments I LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/31/2008

Equus Investments I LP

Buyouts & Acquisitions

Closed

1

12/31/1993

Equus Total Return, Inc.

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$99M

10

12/31/1992

Equus Equity Appreciation Fund LP

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$99M

10

12/31/1990

Equus Capital Partners LP

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$99M

10

Closing Date

8/31/2008

12/31/1993

12/31/1992

12/31/1990

Fund

Equus Investments I LP

Equus Total Return, Inc.

Equus Equity Appreciation Fund LP

Equus Capital Partners LP

Fund Type

Buyouts & Acquisitions

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Status

Closed

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Amount

$99M

$99M

$99M

Sources

1

10

10

10

EQUUS Total Return Partners & Customers

2 Partners and customers

EQUUS Total Return has 2 strategic partners and customers. EQUUS Total Return recently partnered with Autotask on May 5, 2011.

Date

Type

Business Partner

Country

News Snippet

Sources

5/20/2011

Partner

United States

Minnetonka, MN (PRWEB) May 20, 2011. Equus Deals a Full House of Managed Services to the Channel.

As part of its partnership with Autotask , Equus is committed to providing product/service integration , education , and solutions to enhance the Autotask community .

1

10/17/2008

Vendor

United States

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10

Date

5/20/2011

10/17/2008

Type

Partner

Vendor

Business Partner

Country

United States

United States

News Snippet

Minnetonka, MN (PRWEB) May 20, 2011. Equus Deals a Full House of Managed Services to the Channel.

As part of its partnership with Autotask , Equus is committed to providing product/service integration , education , and solutions to enhance the Autotask community .

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Sources

1

10

EQUUS Total Return Team

8 Team Members

EQUUS Total Return has 8 team members, including current Chief Executive Officer, Bertrand Des Pallieres.

Name

Work History

Title

Status

Henry W. Hankinson

Founder

Current

Bertrand Des Pallieres

Chief Executive Officer

Current

John A. Hardy

Chief Financial Officer

Current

L'Sheryl Hudson

Chief Financial Officer

Current

Gary L Forbes

Senior Vice President

Current

Name

Henry W. Hankinson

Bertrand Des Pallieres

John A. Hardy

L'Sheryl Hudson

Gary L Forbes

Work History

Title

Founder

Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Senior Vice President

Status

Current

Current

Current

Current

Current

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