September 2, 2014 (Tampa, Fla.) – Tampa-based boutique investment firm Validus Group announced today that it has closed the sale of Validus Strategic Capital Partners (“VSCP”), which owns SC Distributors, LLC, a multi-product alternative investment distribution organization and Strategic Capital Advisory Services, a provider of advisory and operational services to non-exchange traded alternative investment vehicles (collectively “Strategic Capital”), to RCS Capital Corporation (“RCAP”), a market leader in financial advisory services and the leading distributor of direct investment programs in the United States for an initial purchase price of $80 million, and additional, potential consideration to be determined pursuant to an earn-out mechanism.
“I am very excited by the closing of this transaction and hope to realize significant upside through the earnout,” said Mario Garcia, Jr., CEO and Managing Partner of Validus Group.
With the closing of the sale, Garcia says Validus Group will now make more investments in Validus Senior Living – an expanding portfolio of multi-family properties for seniors in Florida.
“Validus Senior Living is a tremendous growth opportunity as Americans get older,” added Garcia. “We’re constantly looking for ways to better serve our senior demographic.”
In addition to Validus Senior Living, Garcia says Validus Group will also make investments in current affiliates, and continue to look for other strong investment opportunities.
Validus Group is a Tampa, Florida based boutique investment firm controlled by Mario Garcia, Jr., that develops, owns and manages real estate and real estate related businesses. Other affiliates of Validus Group include GulfShore Bank, Carter/Validus REIT Investment Management Company, LLC, a significant commercial real estate portfolio, and Validus Senior Living.
Mario Garcia Jr. was born and raised in Tampa and founded Validus Group in 2004. He is also the President and Chief Executive Officer of EMSI, a national medical device company which he established in 1995 as a start-up business.
More than 300 people work at Validus Group and its affiliates, mostly in Florida. To learn more, visit www.vgres.com/affiliates. To learn more about Validus Senior Living, visit www.validusseniorliving.com.