Metavesco, Inc. (MVCO) Research
Waterside Capital Corporation is no longer actively investing. This firm operated as a venture capital and private equity entity, primarily focused on supplying mezzanine debt. Its funding was directed towards various corporate objectives, including growth initiatives, management buyouts, leveraged buyouts, recapitalizations, acquisitions, and working capital needs. The firm also provided bridge financing solutions. Waterside sought to invest in small private and public enterprises, as well as small to mid-market companies. However, it explicitly avoided funding early-stage startups, distressed turnaround situations, oil or gas exploration projects, real estate development, and direct lending operations. Geographically, the firm's preference centered on the Mid-Atlantic region. It specifically targeted small businesses located in Richmond, Hampton Roads (Virginia), Washington D.C., North Carolina, and Maryland. Financially, Waterside preferred to offer subordinate loans ranging from $500,000 to $3 million, typically characterized by terms exceeding five years and flexible amortization schedules. It also extended senior debt financing up to $3 million. A key criterion for potential investments was an annual revenue surpassing $5 million. For larger investment opportunities, co-investments were considered. The firm's preferred investment structures involved either debt instruments paired with warrants on common stock, or straightforward senior debt. When providing subordinate loans, equity participation was favored, whereas senior debt financing usually required asset collateral. Waterside Capital Corporation, established in 1993, maintained its headquarters in Virginia Beach, Virginia.
Market snapshot
- Symbol
- MVCO
- Price
- $0.00
- Day change
- 0.00%
- Market cap
- $2.0M
- P/E ratio
- 7.21x
- 52-week range
- 0.0004-0.0019
- Sector
- Financial Services
- Industry
- Shell Companies
Peer companies
Recent insider activity
- AGRON GARY A — M-Exempt (10000 shares) on 2005-09-07
- AGRON GARY A — M-Exempt (10000 shares) on 2005-09-07
- AGRON GARY A — S-Sale (10000 shares) on 2005-09-07
- AGRON GARY A — J-Other (15000 shares) on 2003-11-19
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