Auction Ends: Jul 12, 2004 12:00 PM EDT
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Banking

Eric Von Hendrix, President, MWV Pinnacle Management Co.

Item Number
70
Estimated Value
Priceless
Sold
$100 to lynnie g. Powell
Number of Bids
1  -  Bid History

Item Description

(Eric Von Hendrix is donating one hour of his time to the winning bidder)

Eric Von Hendrix, is the President, MWV Pinnacle Management Co., a newly formed investment group is looking throughout Ohio for minority businesses with high potential and a strong desire to grow. MWV Pinnacle Capital Fund recently began operations after 24 corporations and individuals pledged a total of $21 million to provide debt, mezzanine and equity portfolio investments in promising businesses that are owned, controlled or managed by minorities. Additional investors are expected to be added later this year to enable the fund to reach its goal of $25 million. "Our primary objective is to help established minority businesses grow to a size and scale where they can not only be competitive and have a positive impact on their communities but also nurture additional minority businesses," said Eric Von Hendrix, fund manager. "We will also selectively consider leveraged buyout transactions that will provide opportunities for minority management." Each investment by the fund is likely to be between $750,000 and $3 million, said Von Hendrix, who added that he is currently reviewing several potential opportunities.

Before coming to Cleveland, Eric was the Regional Vice President of GE Capital Small Business Finance and the Director & General Manager of GE Capital Community Small Business Finance in Stanford, CT. At GE Capital he was responsible for creating GE Capital's Minority & Inner City financing initiative.

Prior to joining GE Capital, Eric was an Attorney with the Baltimore law firm of Venable where he practiced Corporate and Tax Law. He holds a MBA Degree from Indiana University. He also earned a Juris Doctor's Degree and Bachelor's Degree in Marketing from the University of Maryland.

Special Instructions

(Eric Von Hendrix is donating one hour of his time to the winning bidder)

The executives will meet with the winning bidders at a time convenient to both parties, on or before December 1, 2004. We accept Mastercard and Visa(not American Express) payments and cash payments. All money is due by Friday, July 16.

The executives will meet with the winning bidders at a time convenient to both parties, on or before December 1, 2004.

Donated By:

Von Hendrix, Eric