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Counsel RB Capital Expands and Diversifies Capital Solutions Capabilities with Acquisition of Boutique Investment Banker, Equit

^{Published on 2011-06-23 09:55:35 - Market Wire}
 

WHITE PLAINS, N.Y. & EASTON, Md. & TORONTO--([ BUSINESS WIRE ])--Counsel RB Capital Inc. (OTCBB: CRBN) (the aCompanya), a leader in distressed capital asset transactions, today announced the acquisition of the business of EP USA, LLC (d/b/a Equity Partners), a boutique investment banking firm and leading provider of financial solutions for distressed businesses and properties.

"As leaders in their niche of providing customized financial solutions to distressed businesses and properties, we are very excited about adding the talented and seasoned executive team at Equity Partners to our growing organization"

Founded in 1988, Equity Partners works with financially distressed companies and properties to arrange new funding in the form of debt/refinancing or equity investments, to create joint venture relationships, or to organize going concern sales of the business or property. Its services are intended to allow distressed businesses to remain intact in order to maintain their going-concern value, which is typically significantly higher than their liquidation value.

Serving a broad range of industries and asset classes, Equity Partners has completed over 400 transactions in 44 US states, since inception. Its typical small- to mid-market clients have revenues ranging from several million dollars up to and occasionally exceeding $500 million and hard asset values of as much as $50 million, or more.

aAs leaders in their niche of providing customized financial solutions to distressed businesses and properties, we are very excited about adding the talented and seasoned executive team at Equity Partners to our growing organization,a said Jonathan Reich, Co-CEO of Counsel RB Capital Inc. aWe foresee great synergies and added value between our two operations as we also serve a variety of clients in different stages of the distressed business and surplus asset continuum. This transaction is consistent with Counsel RBa™s strategy to significantly expand and diversify our service offerings.a

Ken Mann, Managing Partner of Equity Partners, added aWe have worked very well with Counsel RB Capital and their management team in the past and are confident that our combined capabilities will provide additional beneficial options for our clients. We look forward to contributing to the growth and success of Counsel RB Capital and believe the transaction process will be a seamless transition for both organizations.a

About Counsel RB Capital ([ www.counselrb.com ])

Counsel RB Capital Inc. (CRBN) is a value-driven, innovative leader in distressed and surplus capital assets transactions. The Company focuses on identifying, acquiring and monetizing distressed and surplus capital assets. It specializes in acquiring turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios and related intellectual property.

Forward-Looking Statements

The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address the Company's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of the factors listed herein, as well as other factors beyond the Company's control, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to, obtaining necessary approvals and other risks detailed from time to time in the Company's securities and other regulatory filings.