Mr. Lovett and Mr. Miller collectively have served since 1991 as general partners of three Lovett Miller partnerships and two prior general partnerships that provided capital to privately held companies. These funds have generated returns which have provided a significant premium to the public markets over the same time period. Companies that the firm has exited have generated over $4.0 billion in shareholder value and have completed 11 public offerings of equity and debt with leading underwriters such as BT Alex Brown, Morgan Stanley, Dean Witter, Donaldson Lufkin & Jenrette, J.C. Bradford & Co., and The Robinson Humphrey Company, LLC. Representative successful exits where Mr. Lovett and/or Mr. Miller played a principal investment role are as follows:
Sold to SBA
Sold to Bedford Funding
SIGMA International General Medical Apparatus, LLC
Recapitalization by Baxter International, Inc. (NYSE:BAX)
Sold to a private company
Cypress Care, Inc.
Recapitalization by Brazos Private Equity Partners, LLC
Sold to Automatic Data Processing (NYSE: ADP)
Sold to Oracle Corporation (NASDAQ: ORCL)
Proxima Therapeutics, Inc.
Sold to Cytyc Corporation (NASDAQ: CYTC)
Sold to Rental System Holding, Inc.
Go Software, Inc.
IPO: DRW, Piper Jaffrrey, Soundview, Wit Capital
Secondary: JP Morgan, CIBC, Pain Weber, Piper Jaffrey
Sold to Pinnacle Towers Inc., now Global Signal, Inc. (NYSE: GSL)
Southcoast Boca Associates
Main Bank Corporation
Sold to Prosperity Bancshares, Inc. (NASDAQ: PRSP)
Secondary (Multiple): Morgan Stanley & Co.
Sold to VoiceStream Wireless, now Deutsche Telekom (NYSE: DT)
Centennial Healthcare Corporation
IPO: Alex Brown, Morgan Stanley, Equitable, DLJ
United Dental Care, Inc.
IPO: Alex Brown & Sons, Cowen & Company
Secondary: Alex Brown, Cowen, Volpe
Sold to Protective Life Corporation (NYSE: PL)
Sold to an Affilate of Hicks, Muse, Tate & Furst Equity Fund III, L.P.
Cybex Computer Products Corporation
IPO: Morgan Keegan, J.C. Bradford & Co.
Sold to Avocent Corporation (NASDAQ: AVCT)
K & G Men's Centers, Inc.
IPO: Robinson-Humphrey, JC Bradford
Secondary: Robinson-Humphrey, JC Bradford, IJL
Secondary: Nationsbanc Montgomery Securities
Sold to The Men's Wearhouse, Inc. (NYSE: MW)
Southeast Healthplan, Inc.
Sold to Physician Corporation America