Dallas, Texas and Irvine, California (November 16, 2011)
Rosewood Private Investments and Renovo Capital are proud to announce that their Renwood Opportunities Fund has acquired the assets of RealtyTrac, Inc. Founded in 1996, RealtyTrac publishes an online database of foreclosure properties, with more than 1.5 million default, auction and bank-owned residential real estate listings from 2,200 U.S. counties, along with detailed property, loan, and home sales data.
Rosewood Private Investments (www.rosewoodpi.com) is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse worldwide operations and investments. Rosewood has a long history of investing in profitable, growing middle-market companies that are the best in their respective industries. With significant financial resources and liquidity, we can expedite acquisitions - without financing contingencies - and can structure transactions to meet the varying needs of sellers. By employing a conservative capital structure and investing with a long-term horizon, Rosewood can provide significant benefits to acquired companies and their management teams.
Renovo Capital, LLC (www.renovocapital.com) is a private equity group who through its Renwood Opportunities Fund, makes control equity investments in troubled and underperforming companies, and invests in other special situation opportunities. Renovo's investment size ranges from $2 million to $15 million with a primary focus on operating turnarounds, backruptcy reorganizations, debt purchases and out-of-court restructurings for companies in the manufacturing, distribution and service industries.