HedgeCo.net – JERSEY CITY, NJ\/MILAN, March 13, 2007 – Yorkville Advisors LLC, the
investment advisor to Cornell Capital — a private investment firm that
specializes in structured finance — today announced that they have
entered into a joint venture agreement with bhn S.r.l,(BHN), a
Milan-based boutique investment firm founded by Marco Prete. <\/p>\n
According to the joint venture agreement, BHN will act as the exclusive
agent for sourcing deals for Cornell Capital in Italy. BHN has already
assisted Cornell in two successful financing structures with two
publicly traded Italian companies. <\/p>\n
“We are excited to formalize our relationship with BHN and expand our
growing footprint in Europe,” said Mark Angelo, Portfolio Manager of
Cornell Capital. “Marco and his team have deep contacts and expertise
and we look forward to doing many more transactions in Italy and the
surrounding region.” <\/p>\n
“Cornell has unique and company-friendly financing solutions and we
believe there are immense opportunities in bringing these attractive
options to the Italian marketplace,” said Mr. Prete, BHN Managing
Partner.<\/p>\n
Mr. Prete has been involved in corporate finance for 12 years. Prior
to founding BHN, he was the Head of Corporate Finance at Finanziaria
Canova, an investment advisory firm based in Milan. Before that, Mr.
Prete was Corporate Finance Director at E-Capital Partners, a
Milan-based investment advisory company, and was also formerly Chief
Operating Officer at Poligrafica San Faustino. He is currently a board
member at Ikonysis Inc.<\/p>\n
Based on the success of the joint venture, the two parties will
consider expanding the partnership beyond Italy to other key financial
centers in the European Union. <\/p>\n
About Yorkville Advisors\/Cornell Capital Partners:
Founded in 2001, Yorkville Advisors LLC is the Investment Advisor to
Cornell Capital Partners, L.P., a private investment firm that
specializes in structured finance. According to Knobias Pipe Trac,
Cornell was one of the most active investors in the U.S. in terms of the
number of structured equity financings in 2006. Cornell structured over
$800 million in committed equity capital in over 100 transactions in the
U.S. and around the globe within the last 12 months. Headquartered in
Jersey City, NJ, Yorkville has offices in London, UK, Milan, Italy, San
Diego, CA, and Jupiter, FL.<\/p>\n
About BHN:
Founded in 2001 by Marco Prete, bhn S.r.l is a Milan-based investment
firm that focuses on non-directional alternative financing structures —
managing the fund raising, selection and execution of deals with
small-mid cap listed companies. <\/p>\n
<\/p>\n
Media Contact:<\/p>\n
Armel Leslie<\/p>\n