Southridge Capital: A Major Player in Financial Services


Southridge Capital offers advisory and structured finance for public companies. It is dedicated to helping its diverse group of clients meet their needs by providing a full spectrum of innovative financial solutions.

Southridge Capital prides itself on its core executive team that has a deep and intuitive understanding of the marketplace as well as its expertise in curating as well as tirelessly and unfailingly executing financing plans for clients. It has directly invested a total of $1.8 billion into growth companies globally since 1996. Having financed over 250 public companies, Southridge Capital is aware of the concerns that every growing company faces, and the team has the skills and expertise to consult on most corporate issues starting from becoming a public company, to individualized financing techniques to optimized balance sheet management.

Under the advisory umbrella, Southridge Capital offers services that cover all the bases. This includes Financial Analysis, whereby the company designs highly detailed, projected financial statements that are in line with financial and operational assumptions. The firm also offers Balance Sheet Optimization, which is based on helping companies maintain an appropriate balance between debt and equity as well as access to mechanisms that will yield desired results. Southridge’s services in regards to Mergers and Acquisitions procedures entail access to merger candidates whose business models are aligned well with an existing portfolio client. In terms of Restructuring Analysis, Southridge Capital helps their companies take the best actions for the best restructuring outcomes. Bankruptcy Advice entails negotiations as well as structuring to help companies emerge from bankruptcy. Finally, Southridge’s Legal Settlement services are focused on helping with settling litigation by clearly defining all of the legal requirements and minimizing both time and expenses incurred by its clients.

Southridge Capital’s structured finance aspect of services entails Securitization, Credit Enhancing, and Financing Solutions. The team at Southridge is aware of the fact that companies that are in need of financing do not take advantage of all of the opportunities they may have. As part of its “outside the box” thinking, one of the Securitization solutions that Southridge offers is monetization of a company’s existing asset base via loans against insider shares, capital or an array of other assets. Furthermore, Southridge collaborates with companies’ creditors directly in order to eliminate debt in favor of common stock and as such helps companies increase their creditworthiness. The Southridge structure is implemented based on the existing level of liquidity in the company’s stock, without the need of a registration statement and minimal market impact – this benefits companies. Southridge also takes care of its portfolio companies when it comes to fiscal issues, buy curating solutions in accordance with the contexts. Southridge also offers their Equity Purchase Agreement (EPA) that enables companies to raise capital based on their wishes and desires alone, regardless of the market conditions. Loans against common stock, convertible debentures and convertible preferred stock are some of the other products that Southridge offers its clients.

The management team of Southridge Capital is composed of five individuals, with Stephen M. Hicks as the Founder and CEO, Narine Persaud as the Controller and CFO, Laurence J. Ditkoff, CFA, CPA as the Director of Research, Henry B. Sargent, JD, CFA as the COO and General Counsel, and Linda Carlsen as a member of the portfolio management team.

Southridge Capital is cognizant of and nurtures its social responsibility, which the team demonstrates via both formal and informal philanthropy. Southridge promotes volunteer work, community leadership and giving as the team believes those to be ways to improve, strengthen the firm and to have a positive impact not just on communities but also society at large. As such, the company focuses on endeavors that provide support and strength for fellow citizens as well as enhance efforts carried out by non-profit organization and faith-based charities nationwide. Together with his wife Mary, Stephen Hicks began the Daystar Foundation that supports several charitable organizations. By committing time and monetary resources to the improvement of our society, the two seek to make a direct impact and difference in the lives of those in need.

Together with the Daystar Foundation, Southridge Capital has provided financial support for several organizations including the LounsBury House, the Ridgefield Fountain Landmark, Bradford Peterson Memorial Scholarship Fund, Eric B. Huss Memorial Scholarship Fund, the Ridgefield Community Center, Western Connecticut Health Network Foundation/Danbury Hospital, the Ridgefield Visiting Nurses Association, Save a Child’s Heart Foundation, Walnut Community Hill Church, Christ and St. Stephen’s Episcopal Church (NYC), the Bridgeport Rescue Mission, Beit Issie Shapiro Organization and the Ridgefield Sunrise Cottage, to name just a few. According to Hicks, “Through the Daystar Foundation, Southridge Capital has been committed to charitable giving for decades. Supporting meaningful causes is not only a personal mission that we find extremely fulfilling, but also a corporate and social responsibility. We hope to make a significant impact in people’s lives and offer an example of what giving back can accomplish.”


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