2005 Post 200
CapitalSource Inc.
4445 Willard Ave.
Chevy Chase, Md. 20815
www.capitalsource.com
Industry: Financial services
Post 200 Category: Top 125 Companies
Revenue: $400.15 Million
Net Income/Loss: $124.85 Million
Earnings per share: $1.06
Dividend: n/a
Stockholder equity: $946.39 Million
Auditor: Ernst & Young LLP
Stock: CSE
Assets: $4.74 Billion
Market capitalization: $2.83 Billion
52-week high: 25.98 12/22/2004
52-week low: 19.15 8/13/2004
Chairman and CEO: John K. Delaney
President: Jason M. Fish
Employees: 398
Local employees: 230
Description: CapitalSource is a specialty corporate lender, financing buyouts of private companies and making specialized loans in the real estate and health care industries.
Developments: CapitalSource has grown rapidly since going public in 2003. It had $4.3 billion of loans on Dec. 31, compared with $2.4 billion a year earlier. Its biggest business line is financing corporate buyouts, which make up about 40 percent of its portfolio. The company was founded by chief executive John K. Delaney and President Jason M. Fish. Delaney is an alumnus of Healthcare Financial Partners Inc., which he also co-founded and brought public, then sold in 1999. Fish is a private-equity veteran who helped arrange the early financing for CapitalSource in 2000. Both men have focused on establishing the infrastructure — credit underwriting, hiring and information systems — necessary to keep the company growing. Delaney said the corporate buyout lending business that drove growth over the past three years will probably slow relative to CapitalSource's other businesses, health care and real estate lending.Delaney said CapitalSource may expand into Europe in the next year, and it has considered adding a business to invest in and manage distressed corporate debt.