WSCC - Waterside Capital Corporation

Other OTC - Other OTC Delayed Price. Currency in USD

Waterside Capital Corporation

Rose Hall Common
3092 Brickhouse Road
Virginia Beach, VA 23452
United States
757-626-1111

SectorIndustrials
IndustryConglomerates
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Franklin P. EarleyPres & CEON/AN/A1947
Amounts are as of December 31, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Waterside Capital Corporation is no longer investing. It is a venture capital, and private equity firm specializing in investments in mezzanine debt for growth expansion; management buyouts; recapitalizations; leveraged buyouts; acquisitions; and working capital. The firm also provides bridge financing. It seeks to invest in small private and public companies and small middle market companies. The firm does not invest in start-ups, turnaround situations, oil or gas exploration, real estate development, and direct lending businesses. The firm prefers to invest in companies based in the Mid-Atlantic region and also invests in small businesses based in Richmond, Hampton Roads, Virginia, Washington D.C., North Carolina, and Maryland. The firm prefers to provide, with a more than five year term with flexible amortization, between $500,000 and $3 million as subordinate loans and between $1 million and $3 million as senior debt financing. It prefers to invest in companies that have annual revenues greater than $5 million. The firm co-invests in case of large investments and prefers to structure its investments as debt with attached warrants on common stock or as senior debts. The firm prefers equity participation when it provides subordinate loans and a collateral of assets while providing senior debt financing. Westside Capital Corporation was founded in 1993 and is based in Virginia Beach, Virginia.

Corporate Governance

Waterside Capital Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.