Daily News: July 19, 2012

Versa Capital Receives Turnaround Private Equity Firm of the Year

Versa Capital Management, LLC was named Private Equity Turnaround Firm of the Year at the recent Turnaround Atlas Awards, which honors excellence from the corporate restructuring and turnaround communities worldwide. This year’s awards ceremony, organized by Global M&A Network, was held on June 26, 2012, at the University of Chicago in Illinois.

Versa also received the Private Equity Turnaround Deal of the Year for its Chapter 11 reorganization and acquisition of American Laser Skincare, LLC. Based near Detroit, American Laser Skincare is a provider of laser hair removal and medical aesthetic services in the U.S.

“We are extremely appreciative of this recognition for our work over the past year,” stated Gregory L. Segall, CEO of Versa. “Even more importantly, our numerous acquisitions and investments in the past year resulted in the preservation of thousands of jobs while providing new opportunities for these businesses to reorganize for the future. These achievements are shared by the entire Versa team, which is an outstanding group of financial and management professionals.”

Philadelphia-based Versa Capital Management, LLC is a private equity investment firm focused on control investments in distressed and special situations involving North American middle-market companies.