Money Buzz 7/01
Available help if you're having trouble closing a financial deal, repeal pending for Depression-era bank law and investing in the bond market
In Need Of CPR? Despite a tough market, untimely demise isn't the only possible fate for sound companies facing financial trouble. To avoid a sudden end, they can find resuscitative help in the "Emergency Room," a service recently launched by NVST Inc., a firm that provides research data, deal-making assistance and technology to private equity players and helps investors and entrepreneurs hook up via an online network.
The "E.R." was born as a response to requests from entrepreneurs who were having trouble closing financial deals, says NVST President and COO Samantha Wilkinson. Entrepreneurs-and only owners of established, revenue-producing companies need apply-can register for free at the NVST site, where they can explain their crises and why their companies are worth saving. NVST then matches them with investors who've reviewed the information and want in on the deal. "Many are viable companies," she says of the E.R. patients. "They have a good shot with a little help. So we said, 'Let's try to save as many as we can.' "
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