Beneficial Capital Corp is a N.Y. investment company with ownership in numerous public and private companies and active in mezzanine financing and company restructuring.
The leadership team includes John J. Hoey, CEO and his team of independent, impartial experts. Mr. Hoey works with outsourcing specialists of long standing relationships with specific expertise for specific assignments. His rolodex of close associates results in a global network of advisors available to enhance your projects.
For companies actively raising capital or pursuing strategic transactions, the immediate advantages of a relationship with Beneficial Capital Corp (BCC) are clear: experience, expertise, breadth and depth of business network and a track record of success.
BCC offers strategic advice that help founders, senior executives, directors, and shareholders realize their objectives. BCC identifies the business opportunities that can generate the most attractive equity valuations and implement strategic plans to capitalize on those prospects. While the long term strategic plans of most companies involve a mix of internal and external growth opportunities, the timing and sequencing of such activities can be crucial to fully capturing an organization’s potential.
Since 1975, Mr. Hoey has been the President and sole shareholder of Beneficial Capital Corp, which is a N.Y. investment company with ownership in numerous public and private companies and active in mezzanine financing and company restructuring. He was the co-founder and Director of publicly quoted Tethys Oil AB (www.tethysoil.com ) based in Sweden with worldwide activity in oil and gas exploration and production. He has since sold his founder shares after 12 years and resigned from the board at the 2013 AGM; a co-founder and chairman of a public Canadian Mining Company (www.mundoro.com) active in China, Mexico and Serbia, co-founder and former director of UK listed private equity firm, Vietnam Holding (www.vietnamholding.com); and co-founder and director of a public SPAC, Jaguar Acquisition Corp, which did a reverse merger on Nasdaq into China Cable.
From 1993 to 1998, until the sale to Lonmin PLC, he was the President and CEO of Hondo Oil & Gas Co., which was a publicly traded (ASE) international exploration and production company. From 1985 to 1991, he was associated with the Atlantic Petroleum Corp. of Pennsylvania, including serving as President and Director of Atlantic Refining & Marketing Corp., until its sale to Sun Co. in November 1988.
From 1972 to 1984, Mr. Hoey held various executive positions in commercial and investment banking in Saudi Arabia, England and the USA. He managed the corporate finance activity of First Chicago’s Merchant Bank in London. He was active in the formation and operation of the Riyadh based, Arab Investment Company, a multi-Arab Government owned entity and the opening of branches in several Arab member countries. He subsequently opened and operated the London and NY branches of the Cairo based Arab African Int’l Bank. He was an outside director and member of UBAF Arab American Bank audit committee in NYC for 10 years.
From 1967 to 1971, he served in the U.S. State Department of State in Saigon, South Vietnam with responsibility for the manufacturing and commercial sectors as a Foreign Service Officer. From 1961 to 1967, he worked as an engineer in numerous manufacturing sectors in the USA and Europe.
He holds a degree in Mechanical Engineering from the University of Notre Dame in 1961 and a Masters of Business Administration from Harvard Business School in 1972.