Chicago, IL (PRWEB) June 6, 2006
Capital H Group, a rapidly expanding human capital consulting and outsourcing firm, announced today that it has closed a $25 million funding commitment from FTVentures, a private equity firm focused on business services and software companies that provide meaningful solutions to the financial services industry. Capital H Group provides a breadth of services that help companies create value -- through their people -- for better business results by focusing on the effectiveness of an organization, its executive team and staff, as well as its operations and sales practices.
“This funding marks a very important milestone on our expansion path,” said Dan Weinfurter, CEO of Capital H Group. “In the two and a half years since our first capital raise, we have grown our team to over 130 professionals in six cities and have consulted on people issues with dozens of top companies in a range of industries.” Greg Silich, Capital H Group COO, said “We’re excited about this capital infusion which will allow us to expand into new cities to further build out our national presence while also aggressively pursuing acquisitions to enhance our existing capabilities and round out our full service offering.”
“Capital H Group’s experienced management team has the vision and the proven operating acumen necessary to capitalize on this significant market opportunity in human resources consulting and outsourcing solutions for corporations,” said Chris Winship, FTVentures Principal. “Issues related to human resources management, including recruiting, retention, and compensation, continue to be an important area of focus for the financial services industry; we believe that Capital H Group’s offering will be highly attractive to the FTVentures Global Partner Network, which includes 38 of the world’s leading financial institutions. Capital H’s customized approach and business results orientation, as well as its status as an independent company, make it an appealing alternative to existing competitors.” Capital H Group’s clients include Bank of America, Merrill Lynch Global Commodities, LaSalle Bank Corporation (member of ABN AMRO Group) and International Truck and Engine.
Capital H Group also announced that Richard Garman, FTVentures Managing Partner, and Winship, have joined the Capital H Group Board of Directors. PPM America Capital Partners, an existing institutional investor in the company, will continue to participate on the Board.
About Capital H Group
Capital H Group (http://www.capitalhgroup.com) is a rapidly growing human capital consulting and outsourcing group, with headquarters in Chicago and operations in Detroit, Houston, Los Angeles, Milwaukee and New York and over 130 professionals recruited from the major firms in the field. Capital H Group helps companies create value – through people – for better business results.
FTVentures provides capital to growth companies to finance organic expansion, recapitalizations, build-ups and buyouts. The firm invests in software and business services companies that derive value from its unmatched Global Partner Network, which includes 38 of the world's leading financial institutions. FTVentures' Global Partner Network provides the firm with a unique vantage point into the business driven IT and operating challenges of the global enterprise. Founded in 1998, FTVentures currently has $624 million under management with offices in San Francisco and New York. For more information, please visit http://www.ftventures.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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