Daily News: May 8, 2012

Praesidian Exits First Lien Investment in Bridge Capital Solutions


Praesidian Capital, a provider of mezzanine capital for small and mid-sized companies, has successfully exited its first lien investment in Bridge Capital Solutions Corporation, a Long Island-based licensed commercial check casher.

Bridge Capital provides accelerated cash-flow solutions for small businesses by giving business owners immediate access to working capital by fast-tracking the processing of business checks to make funds available instantly.

“We want to acknowledge all that Praesidian did in helping us grow as a company,” said Michel Casalini, president of Bridge Capital. “Jason Drattell along with his colleagues at Praesidian have been strong supporters of our company, and we are glad they have been our partners. We will always be grateful for that. It has been a pleasure working with the Praesidian team, and we are happy that both companies were able to benefit from our success.”