BNET Industries

Last Fiscal Year Sales:$2.9M
  • Public
  • US
Dow Jones Description

Geneva Acquisition Corporation (AMEX:GAC.U) was formed for the purpose of merging with a successful operating company in the healthcare industry that would like to quickly and efficiently become public and benefit from our extensive experience in building highly successful public companies. Geneva is a Special Purpose Acquisition Corporation, a relatively new and innovative financial platform which enables a company to become public in a more flexible fashion than it might otherwise with a traditional Initial Public Offering ("IPO"). Today, owners with fundamentally solid growth companies who are ready to "take it to the next level" face a common dilemma: whether to undertake the laborious and risky pursuit of a traditional IPO; or whether simply to sell out for cash. The IPO route is expensive, lengthy, time-consuming, and rife with uncertainties. Initial share price expectations are often not realized. In addition, owners generally cannot realize liquidity at the time of the IPO or even within the first year or two thereafter as IPO investors typically avoid offerings where management gives any appearance of "cashing out". Finally, being public in today's highly complex securities markets poses significant new and ongoing challenges including onerous regulatory compliance, attracting analysts and institutional investors, managing investor relations, and the complexities associated with issuing additional securities to finance growth or acquisitions. ...

Number of Employees 5
Contact Information

1 Boston Pl Ste 3630

Boston, Massachusetts 02180

www.geneva-spac...

(617) 933-7100

NAICS Code : 999990

Decision Makers

Name (plus bio) Position
Edward McGrath James President
James E. McGrath President and Director
John F. Rousseau Chief Operating Officer and Director
Thomas E. Hancock Vice President
Gregory F. Zaic Treasurer

Board of Directors

Name (plus bio) Position
Vincent T. Pica Chairman
Edwin Hancock Thomas Board of Directors
Edwin Snape Board of Directors
Hardwick Simmons Member, Board of Directors

Organization Position Status
Geneva Acquisition Corporation President Current
Geneva Acquisition Corporation Board of Directors Current

Organization Position Status
Geneva Acquisition Corporation President and Director Current
Geneva Acquisition Corporation Board of Directors Current
William E. Simon & Sons LLC Managing Director Former
American Medical Response Co-Founder Former
E.F. Hutton Former
Perceptron, Inc. Chairman of the Board Former
Xycom Automation, Inc. Chairman of the Board Former
American Medical Response Director Former
Harvard College BA Former

Organization Position Status
Geneva Acquisition Corporation Chief Operating Officer and Director Current
Geneva Acquisition Corporation Board of Directors Current

Organization Position Status
Geneva Acquisition Corporation Vice President Current
New England Partners Principal Current
Uvacide Corp. Board Member Current
Eyegate Pharmaceuticals, Inc. Director Current
Piper Jaffray Companies Managing Director Former
COR Therapeutics, Inc. Research Scientist Former
NationsBanc Montgomery Securities Senior Research Associate Former
Leerink Swann & Company Senior Analyst Former
Genentech, Inc. Laboratory Research and Business Development Former
Piper Jaffray Companies Senior Analyst Former
Nexus Corporation Former
Nexus Corporation Former
Nexus Medical Partners Former
University of California, Berkeley MBA Former
University of California, Berkeley BS Former

Greg is currently a general partner of Nexus Medical Partners, a private equity firm specializing in healthcare investments. He has over 20 years of venture capital investment experience, having played a leadership role in the management of six venture capital funds. Greg has been a founder or early investor in many companies. He has been an active Board member of both public and private corporations, providing assistance and guidance on issues associated with business strategy, corporate expansion, organizational development, and becoming successful publicly traded companies. Prior to joining Nexus, Greg was a general partner of Prince Ventures, an independent, medically focused, venture capital partnership. His investments included PerSeptive Biosystems (bioseparations products) which was sold to Perkin Elmer for over $300 million. During the 1980s, Greg was Vice President and Special Limited Partner of the Vista Group where he worked closely with Ed Snape, the leader of Vista 's health care practice. He was a founding investor in numerous successful companies including Focus Healthcare, an HMO that was sold to Lincoln National Insurance Company for a substantial return. From 1972 until 1979, Greg was an executive with Baxter Laboratories. His three member team was responsible for bringing CAPD (Continuous Ambulatory Peritoneal Dialysis) into Baxter, where it became the second-most profitable product line in the company, then accounting for approximately 20% of Baxter's total profits. Greg received a BS in aerospace and mechanical engineering from Princeton University ; an MS in mechanical engineering the Massachusetts Institute of Technology (MIT); and an MS from MIT's Sloane School of Management. His hobbies include Dixieland clarinet/soprano sax, skiing and tennis. As a charity auctioneer, Greg has helped to raise several million dollars for local charities.

Organization Position Status
Nexus Medical Partners General Partner Current
Geneva Acquisition Corporation Treasurer Current
Geneva Acquisition Corporation Treasurer Current
Prince Ventures General Partner Former
Nexus Medical Partners Principal Former
American Can Company Business Consultant Former
Nexus Corporation Former
PerSeptive BioSystems, Inc. Former
Massachusetts Institute of Technology M.S. in mechanical Former
Princeton University BS In Aerospace Former

Organization Position Status
Arc Global Partners, LLC President Current
Arc Global Partners, LLC Managing Partner Current
Geneva Acquisition Corporation Chairman Current
Long Wing Chief Executive Officer Former
Long Wing Chief Executive Former
E.F. Hutton Former
Iona College Bba Former

Organization Position Status
Geneva Acquisition Corporation Board of Directors Current

Organization Position Status
Nexus Medical Partners Co-Founder and Head of the Healthcare Practice at Nexus Current
New England Partners General Partner Current
Venacure Evlt(Tm) Board of Directors Current
Memry Corporation Chairman of the Board and Director Current
Geneva Acquisition Corporation Board of Directors Current
The Liposome Company, Inc. Founder Former
Nexus Medical Partners General Partner Former
ImmunoGen, Inc. Formation and Management Former
Whitehead Associates Principal Former
Nexus Corporation Former
The Liposome Company, Inc. Chairman Former
Emulex Corporation Board Member Former
University of Leeds PhD Degrees Former
University of Leeds Bachelor of Science Former
Diomed Holdings, Inc. Board of Directors Former

Organization Position Status
Geneva Acquisition Corporation Member, Board of Directors Current
Harvard University B.A. Former
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