New York, NY and Hollywood, FL. -- Young America Capital ( www.yacapital.com ) announced today the sale of the assets of WatchUWant (www.WatchUWant.com), a leading pre-owned luxury watch e-commerce dealer based in Hollywood FL, to an affiliate of Govberg Jewelers (www.govbergwatches.com), one of most respected and largest retailers luxury timepieces, headquartered in Philadelphia PA. Young America Capital served as the exclusive advisor to WatchUWant.com ("the company"). The transaction resulted in an attractive valuation and growth opportunity for the company's shareholders.
Watchuwant.com, founded by CEO OJ Whatley, created a robust and reliable pre-owned luxury marketplace for the world's most sophisticated watch enthusiasts. As an avid watch collector, Whatley left a career in the financial services industry to pursue a his lifelong dream of building a luxury watch collector marketplace based on the concepts of authenticity, transparency and dependability.
About Young America Capital, LLC Founded in 2000, Young America Capital is a New York-based FINRA/SEC/MSRB licensed independent investment banking and advisory firm which provides capital raising, M&A advisory and fund marketing services for companies and alternative investment fund managers. The company is comprised of a diverse group of investment banking professionals with particularly deep sector experience in Consumer & Retail, Energy & Cleantech, Technology, Media and Telecom, Healthcare & Life Sciences; Maritime, Infrastructure & Logistics, Real Estate, and Latin America. www.yacapital.com