Press Room
International Equipment Manufacturer Sold
NASHVILLE, June 2006 /P|R/—Nashville, Tennessee, June 2006 – Bailey Southwell & Co., LLC (“BSC”) is pleased to announce the completion of a sale of an international equipment manufacturing company. The company, wishing to remain anonymous, is based in the U.S. Mid-Atlantic region and in Europe. The transaction, valued at $145 million, was closed in June 2006, with BSC acting as the exclusive financial advisor to the sellers. The company was purchased by Lehman Brothers Merchant Banking Group and Tennessee Valley Ventures, with subordinated debt financing provided by Friedberg Milstein, LLC and senior debt financing provided by GE Capital and AmSouth Bank. Counsel for the seller was Torys LLP; the buyer was represented by Proskauer Rose.
“What I especially appreciated was the sophistication of BSC’s senior partnership in executing a complex cross-border transaction. Not only did they provide excellent advice on deal points, as one would expect, but also helped guide me through a maze of decisions on other points, such as tax and estate planning..” CEO, anonymous.
The transaction included five investors acquiring twelve companies in three countries, with two different languages spoken by the sellers. It serves as the most recent example of the advantages that accrue to clients from retaining BSC to represent them on more complex deals.
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