Southridge Capital CEO Stephen Hicks Is Optimistic about Economy in Coming Months

Jul 14, 2015, 09:00 ET from Southridge Capital

RIDGEFIELD, Conn., July 14, 2015 /PRNewswire/ -- Stephen Hicks, Founder and CEO of Southridge Capital, a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies, has released a statement saying he is optimistic about growth in the U.S. economy in the coming months.

Hicks says, "Merger and acquisition activity has finally bounced back to pre-recession levels and has shown no sign of abating. While buyouts in the technology sector may be slowing down somewhat, the number of M&As of traditional companies has been skyrocketing of late."

Hicks points to the usually stodgy insurance sector, where Aetna is purchasing Humana and Anthem and Cigna are merging. "The two factors which account for this are deleveraged balance sheets, which make candidates attractive and low interest rates which allow potential suitors to more easily borrow to fund potential transactions."

According to Hicks, on the international front, a surprising number of mergers have been announced or completed in the Middle East as these economies are wisely diversifying from oil into new sectors. And finally with the newly announced Greek rescue package, Hicks believes there should be some stability in Europe, leading to more acquisitions.

"All signs point to continuing growth in this regard," Hicks adds.

In the midst of recovery in the markets, Southridge Capital is proud to announce that it has entered into several agreements in the second quarter of 2015. The company will fund and advise Conexus Cattle Corp. (OTC PINK: CNXS) and Harrison, Vickers & Waterman, Inc. (OTCBB: HVCW). The company has also signed an Equity Purchase Agreement with Iconic Brands, a beverage company to provide an Equity facility to the company. When registered, the agreement will allow Iconic to draw upon equity capital at their discretion.

About Southridge Capital: Southridge Capital is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996 the structured finance team has made direct investment of over $1.7b into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail. For more information, visit: www.southridge.com

RUBENSTEIN PUBLIC RELATIONS
CONTACT: ANU KHER 212-843-9240
AKHER@RUBENSTEINPR.COM

 

SOURCE Southridge Capital



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