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Farlie Turner's Special Situations Group Advises on Acquisition of Largest Franchisee of Lady of America Fitness Centers

By: - Date: 12/17/2009

Fort Lauderdale, Fla.-based investment banking firm Farlie Turner & Co. has announced that its Special Situations Group served as the exclusive financial advisor to HCOA, LLC (“HCOA”) on its acquisition of 20 Lady of America and Health Club of America franchises from the estate of the prior owner under Section 363 of the Bankruptcy Code. Following the acquisition, HCOA is now the largest franchisee in the Lady of America system with 5 fitness centers in Florida and 15 in Puerto Rico. HCOA is an affiliate of TG Capital Corp.


 


Johnathan Robertson, a Managing Director with TG Capital Corp., commented, “We feel fortunate to have a strong relationship with Farlie Turner and their Special Situations Group. They are keenly aware of opportunities in the marketplace and tremendously value-added in evaluating them.”

Farlie Turner & Co.’s Special Situations Group, which provides investment banking services to under-performing and distressed companies, complements Farlie Turner & Co.'s healthy investment banking practice, which serves growth-oriented middle market companies with enterprise values typically between $30 and $300 million.

Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with the FINRA, provide merger and acquisition, private placement, and financial advisory services. Visit www.farlieturner.com for more information.


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