Validus Group Agrees to Buy Back Broker-Dealer Affiliate

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The transaction re-establishes Validus Strategic Capital Partners as a premier provider of alternative investment solutions to the broker-dealer marketplace.

We believe this transaction re-establishes SC as a premier provider of alternative investment solutions to the broker-dealer marketplace and positions them to take advantage of a number of exciting growth opportunities going forward.

Validus Group Partners, Ltd., a Tampa-based investment firm, announced today that it has signed a letter of intent to repurchase Validus Strategic Capital Partners (VSCP), now known as Strategic Capital Management Holdings, LLC, from RCS Capital Corporation (NYSE: RCAP). The purchase price announced today is $5 million.

“We are extremely pleased to be able to bring Validus Strategic Capital Partners back into our portfolio,” said Mario Garcia, Jr., CEO and Managing Partner of Validus Group. “We believe VSCP is a fantastic business with tremendous upside potential.”

VSCP consists of SC Distributors (SCD), a provider of alternative investment solutions for financial advisors and their clients, together with Strategic Capital Advisory Services, LLC, a provider of advisory and operational services to non-exchange traded alternative investment vehicles (collectively “Strategic Capital” or “SC”).

“We believe this transaction re-establishes SC as a premier provider of alternative investment solutions to the broker-dealer marketplace and positions them to take advantage of a number of exciting growth opportunities going forward,” said Garcia. “We are excited to reaffirm our commitment to SC and build on our strategic relationship.”

SC’s management team, including Patrick Miller, President and co-founder of SC, Michael McDaniel, National Sales Manager and co-founder of SC and Kenneth Jaffe, President and co-founder of SC, will continue to operate Strategic Capital. The management team has been in place since 2010 and remained in place during RCAP’s ownership Strategic Capital.

This transaction not only benefits SC but also continues to position Validus Group as a leading real estate investment firm. Validus affiliates include the respective external advisors to Carter Validus Mission Critical REIT, Inc. and Carter Validus Mission Critical REIT II, Inc.

The transaction is subject to certain regulatory approvals and other required approvals, consents and filings and other customary closing conditions. It is expected to close in early 2016.

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About Validus Group
Validus Group is an investment firm based in Tampa, Florida that develops, owns and manages real estate and real estate related businesses. Other affiliates of Validus Group include Carter/Validus REIT Investment Management Company, LLC, Carter Validus REIT Management Company II, LLC, and Validus Senior Living. Validus Group also serves as the lead investor in Gulfshore Bank, a Tampa Bay area community bank focused on serving small to medium sized companies. Since inception in 2004, Validus Group and its affiliates have formed, acquired or managed companies with assets that have grown to more than $3 billion. The company, through its subsidiary company, Validus Group Properties, currently owns a portfolio of over 620,000 square-feet of flex, office, and retail space across the Southeast. They are actively seeking future investment opportunities in the $5-$15 million range. CEO and Managing Partner Mario Garcia Jr. was born and raised in Tampa and founded Validus Group in 2004. He is also the Chairman and Founder of EMSI, a national medical device company which he established in 1995 as a start-up business.

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Darren Richards
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