Tax Credit Co. (TCC) has been recapitalized through an investment by VSS Structured Capital II, an investment fund affiliated with Veronis Suhler Stevenson (VSS). Financial details of this transaction have not been disclosed.
Los Angeles-bassed TCC is a national provider of tax incentive consulting, administration and technology, serving clients from Fortune 100 to small businesses. The company helps clients increase earnings by optimizing the process of obtaining state and federal tax incentives, including state enterprise zone tax credits, state and federal research and development tax credits, national hiring incentives such as the Work Opportunity Tax Credit (WOTC) and other state and federal programs.
VSS is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buy-outs, recapitalization, growth financing and strategic acquisitions to companies and management teams.
Oaklins' team in Los Angeles advised the seller in this transaction, identifying the right partner and managing interest from a strategic party that had initiated several pre-emptive conversations with the shareholders.
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