| Atlanta, GA, December 8, 2006 | |||||||||||||||||||||
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| Caymus Partners LLC Provides Financial Advisory Services to HSS Group, Inc. | |||||||||||||||||||||
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About HSS Group, Inc. HSS and its subsidiary, Hospitality Staffing Solutions, LLC, is a leading outsourcer of full-time personnel and cleaning services to the hotel, resort and casino industries. The Company is a rapidly growing business that offers full-time employees who perform specialty services such as housekeeping, stewarding, kitchen, banquet, and laundry. The Company’s clients include industry-leading, high-end, full service properties owned or franchised by blue-chip lodging companies, in addition to high-end hotel management companies. Since 1999, the Company has grown its client base to over 230 properties in more than 20 of the most attractive markets in the U.S. HSS employs more than 2,500 people nationwide. In 2005 and 2006, the Atlanta Business Chronicle profiled HSS among the state’s 10 fastest-growing companies.About Caymus Partners With offices in Atlanta and New York, Caymus Partners is a leading middle-market investment banking firm, providing merger and acquisition advisory services, private placements and other financial advisory services. Combined, the firm's senior bankers have more than 65 years of experience and have closed over 250 transactions. More information can be found at www.caymuspartners.com. |
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Caymus Partners LLC (“Caymus Partners”) is pleased to announce that HSS Group, Inc. and its subsidiary, Hospitality Staffing Solutions, LLC, (“HSS” or the “Company”) have successfully completed a recapitalization by Caltius Mezzanine and CIT Commercial Credit. Caymus Partners successfully completed the private placement of approximately $21.0 million, consisting of a senior credit facility, senior notes and senior subordinated notes which will be used to fund working capital needs as well as a shareholder distribution. Caymus Partners served as the exclusive financial advisor to HSS in the transaction. Caymus Partners contacted 78 senior lenders and mezzanine investors and received numerous expressions of interest resulting in very attractive terms for the Company.3490 Piedmont Rd NE, Suite 1040
Atlanta, GA 30305
(404) 995-8300
17th Floor
New York, NY 10022
(212) 755-3600
© Caymus Partners LLC
Securities Offered through Caymus Securities LLC, Member FINRA/SIPC
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