123 Lumpsum Holdings and GCP Capital Partners Solidify Investment Partnership
GCP and 123 Lumpsum partnership.
- Miami, FL (1888PressRelease) May 10, 2013 - Specialty finance company 123 LumpSum Holdings, LLC, a leading purchaser of secondary structured settlement transactions, announced today that it has closed an investment partnership with GCP Capital Partners ("GCP"). Bryant Park Capital Securities Inc. acted as the exclusive advisor to the company in connection with the transaction.
GCP's investment will support 123 LumpSum's marketing initiatives and growth plans.
"We are extremely pleased to have the support of GCP to elevate 123 LumpSum to the top of the structured settlement marketplace", says Andrew Savysky, President. "Our mission is always to better serve our customer and with such a strong partner, we are thrilled to rollout many new exciting initiatives!"
"123 LumpSum has already paid out over $200 million dollars to structured settlement recipients and now we expect that number to grow considerably as a result of the new financial partnerships we have established", says Michael Asseff, CEO.
Robert Niehaus, Chairman and Founder of GCP Capital, said "Michael Asseff and Andrew Savysky have demonstrated their effectiveness by maintaining a strong presence in the industry and providing quality service to their customers. Our goal is to support their continued growth in structured settlements."
About 123 LumpSum - Located in Hallandale Beach FL., 123 LumpSum is a leading originator of secondary structured settlement transactions. By applying institutional financing, underwriting and legal expertise for future cash flow from individuals whose life circumstances have changed, the company continues to help thousands receive cash for their payments to meet their immediate financial needs. For more information about 123 LumpSum, please visit www.123lumpsum.com
About GCP Capital Partners
GCP Capital Partners manages the Greenhill Capital Partners private equity fund totaling $1.9 billion in committed capital. GCP has a successful track record of investing $1.4 billion in over 50 portfolio companies. GCP has made both control and growth equity investments in a number of industries including: financial services, business services, energy, insurance, education and telecommunications. For more information about GCP Capital Partners please visit www.gcpcapital.com
About Bryant Park Capital
Bryant Park Capital ("BPC") is an investment bank providing mergers and acquisitions and corporate finance advisory services to its clients. BPC has extensive experience in the financial industry, specifically the specialty lending and financial services industries. For more information about Bryant Park Capital visit www.bryantparkcapital.com
Contact: Valerie Bleus
Office: 954-455-6060
Valerie ( @ ) 123lumpsum dot com
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