Insights

29 January 2019

CID Capital Seeking Investment Team Associate

CID Capital is an Indianapolis-based private equity firm that focuses on control investments in lower-middle market shareholder recapitalization transactions. We are expanding our investment team to include qualified associates seeking significant responsibility in transaction analysis and investment support.

CID Capital

Private Equity Investment Associate

Job Description

CID Capital is an Indianapolis-based private equity firm that focuses on control investments in lower-middle market shareholder recapitalization transactions.  We are expanding our investment team to include qualified associates seeking significant responsibility in transaction analysis and investment support.  Successful candidates will be assigned to transaction teams and work in an entrepreneurial environment and have constant interaction with the senior members of the firm.

Primary Responsibilities   

I. Deal diligence and execution (70% of time)

  • Involvement with all areas of transaction execution, from confidentiality agreement to deal closing
  • Extensive leveraged buy-out modeling and financial analysis
  • Manage data room analysis, third-party diligence, and internal investment review

II. Build value in portfolio companies (20% of time)

  • Work with portfolio company executives to execute growth and value creation plans
  • Participate in targeted portfolio level projects including add-on acquisitions

III. Support outbound marketing and deal generation program (10% of time)

  • Participate in outbound calling efforts
  • Support business development team with visits to deal sources
  • Ongoing outreach responsibilities with sourcing networks

 Qualifications

  • Education: Strong academic credentials
  • High positive energy, motivation, and entrepreneurial spirit
  • Excellent analytical skills and attention to detail
  • Ability to work independently
  • Demonstrated initiative, follow-through, leadership, and communication skills
  • Extensive financial modeling skills and deep knowledge of Excel
  • Previous private equity, investment banking, or accounting experience preferred

Compensation

Competitive salary based on position and experience with annual bonus based on performance

Timing

Summer 2019

Please contact Eric Derheimer at ericd@cidcap.com or (317) 708-4860 with further inquiries and interest.

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28 January 2019

CID Capital Partners With Corvette America

CID Capital is proud to announce that it has partnered with Corvette America.

CID Capital is proud to announce that it has partnered with Corvette America.  Founded in 1977 and headquartered in Reedsville, PA, Corvette America is a leading manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. 

CID worked closely with the management team to achieve their goals. Orion Super, CEO of Corvette America, stated, “CID Capital is an ideal partner that shares Corvette America’s passion for product quality, customer service and driving shareholder value.  Our new alliance will fuel Corvette America’s vision and accelerate growth, providing customers with superior product offerings in restoration, style and performance across all generations of the iconic brands we service.”
“Corvette America is a market leader in the Corvette restoration market and has a growing presence in the Mustang restoration market. The company’s management team, leading product quality, strong customer service and broad line card were just a few of the strong attributes that attracted us to Corvette America.” stated Eric Bruun, Managing Director at CID Capital. “We are excited to partner with the entire Corvette America team.”
In support of the transaction, First Merchants Bank provided the senior financing and Aldine Capital Partners provided the subordinated debt financing. 
CID is actively looking for add-on opportunities for Corvette America. Please contact Adam or Ryan with potential investment ideas or questions regarding the Company. 

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22 January 2019

CID Capital Partners with Giftcraft

CID Capital is pleased to announce the recent completion of a recapitalization and new investment with Giftcraft Ltd. in conjunction with ongoing succession planning and to assist the Company’s future plans. 

Giftcraft is a Toronto-based lifestyle industry leader with over a 75-year history. Today, the Company services a diverse network of decor and giftware retailers in North America and internationally. Giftcraft’s innovative design and development of decorative and functional lifestyle products aims to meet both the needs of today’s savviest retailers and consumers. 

  

CID partnered with Giftcraft’s CEO, Trevor Cohen, and Executive Vice President, Gary Polan, on the transaction. Both Trevor and Gary will remain in their current roles to lead the company over the next several years.

According to Trevor Cohen, “partnering with CID will provide Giftcraft with the necessary financial, advisory and support resources to take full advantage of the Company’s considerable growth opportunities over the next several years – both organically and through strategic acquisitions. This partnership also allows Giftcraft to leverage CID’s considerable experience in consumer products and digital marketing to both retailers and end consumers.  We are looking forward to the next phase of growth for Giftcraft and future successes with our new partners.”

Steve Cobb, Managing Director at CID Capital added, “Giftcraft is an exciting opportunity for CID as this investment aligns perfectly with our goal of partnering with great teams to accelerate the growth of proven consumer businesses. Giftcraft’s diverse and high-quality product line, combined with a strong leadership team makes us very optimistic about building long-term value. We are ecstatic to partner with Trevor and the Giftcraft team.”

HSBC and Orix Mezzanine & Private Equity supported CID in the recapitalization, while Piper Jaffray provided advisory work on behalf of Giftcraft. 

CID is actively looking for add-on opportunities for Giftcraft. Please contact Adam or Ryan  with potential investment ideas or questions regarding the Company.

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