January 22, 2017 4:25 PM ET

Capital Markets

Company Overview of Versa Capital Management, Inc.

Company Overview

Versa Capital Management, Inc. is a private equity firm specializing in direct and indirect investments in leveraged and management buyouts, distressed, bridge and mezzanine financing, going-private transactions (PIPEs), spin-offs, divestures, restructurings, reorganizations, liquidations, recapitalizations, chapter 11 or out-of-court restructurings, rescue, DIP, exit financings or cash alternatives, origination/secondary purchase, excess/legacy obligations, and transition. The firm prefers to invest in complex, distressed and special situations, turnarounds, middle market and matures companies. It invests primarily, in companies that have failed strategies or execution; defaulting, maturing...

Cira Centre

2929 Arch Street

27th floor

Suite 1800

Philadelphia, PA 19104-7324

United States

Founded in 2004





Key Executives for Versa Capital Management, Inc.

Chief Executive Officer, Chairman, Chairman of Investment Committee, Chairman of Portfolio Committee, and Chairman of Management Committee
Managing Director of Investments and Member of Management Committee
Managing Director of Transaction Execution and Senior Counsel
Managing Director of Investments
Managing Director of Research and Analysis and Member of Management Committee
Compensation as of Fiscal Year 2016.

Versa Capital Management, Inc. Key Developments

Wet Seal Said To Consider Sale Or Bankruptcy

Seal123, Inc. (Wet Seal Inc.), owned by Versa Capital Management, Inc., is considering a sale or bankruptcy after struggling to turn around the business, according to people with knowledge of the situation. A decision could come as soon as next week, said the people, who asked not to be identified because the matter isn’t public. The company would prefer an out-of-court deal, according to the people. A representative for Wet Seal didn’t immediately respond to a request for comment, Bloomberg reported.

Aéropostale Discusses Sale To Versa

Aéropostale, Inc. (OTCPK:AROP.Q) Inc has been negotiating a potential sale to Versa Capital Management, Inc., according to a court filing. Versa would pay an undisclosed amount of cash for Aeropostale's inventory and take on over 500 of the chain's leases, located mostly in malls across the United States, according to the filing made late on August 5, 2016. Versa's offer would be a potential stalking horse bid in a bankruptcy auction for the retailer scheduled for later this month, setting the minimum price for other potential buyers. Other bids are due Aug. 18, 2016. Spokespeople for Aeropostale and Versa declined to comment.

Versa Capital Sets Up New Entity for Restructuring of Eastern Mountain Sports, Bob's Stores

Versa Capital Management has formed a new corporate parent, Eastern Outfitters, to oversee the restructured operations of its Eastern Mountain Sports (EMS) and Bob’s Stores. EMS and Bob’s will operate as business units of Eastern Outfitters, which will be headquartered in Meriden, Connecticut, US and has over $400 million in annual multi-channel revenue. Eastern Outfitters’ brands will continue to focus on strengthening business in the Eastern and Mid-Atlantic regions.

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