Tuesday, March 12, 2013 10:54:50 AM
advisors for the deal, see below. I found this in 10 seconds on Google! Why are you posting wrong things??
This is totally irresponsible of you.
http://www.thedeal.com/content/private-equity/investcorp-acquires-archway-marketing-for-300m.php
Investcorp acquires Archway Marketing for $300M
by David Carey | Published July 6, 2012 at 12:23 PM ET
Investcorp purchased Archway Marketing Services Inc. for about $300 million, giving Archway's private equity backers a handsome gain on their 3-1/2-year-old investment, two people familiar with the matter said.
New York private equity shop Tailwind Capital LLC, Archway's 80% owner, reaped slightly less than a 200% profit on its roughly $50 million equity investment, these people said.
Black Canyon Capital LLC of Los Angeles netted a comparable gain on its 10% stake, they added.
Investcorp, a Bahrain-based bank and alternative asset manager, edged other suitors in an auction run by Robert W. Baird & Co., according to the sources. The price equates to about 11 times trailing Ebitda.
The deal, which closed Monday, is expected to be announced early next week, a source said.
Executives at Investcorp, Tailwind and Black Canyon did not immediately return messages seeking comment.
Rogers, Minn.-based Archway provides marketing logistics and fulfillment services to fast food chains, retailers, consumer goods and financial services companies. Its bread-and-butter business is to transport marketing brochures, signs and displays for point-of-sale product promotions. Its clients include Taco Bell, Subway, General Motors Co., MillerCoors, Loew's Cos. and American Eagle Outfitters.
The company operates 4 million square feet of warehouse and production facilities in 14 cities in the U.S. and Canada.
Tailwind and Black Canyon bought Archway from Cravey Green & Wahlen Inc., an Atlanta PE firm, in November 2008, after a deal to sell Archway to a blank-check company fell through. The price wasn't disclosed.
Archway later made three bolt-on purchases, buying Resolve Corp.'s supply chain management unit in 2009 for $18 million; Corporate Services Inc. in 2011 for $30 million, and Synq Solutions Inc. for $27 million earlier this year.
Ebitda jumped from $11 million to $27 million and revenue from $100 million to $279 million while Tailwind and Black Canyon owned it, a source said.
Investcorp was planning to raise a $175 million senior debt package through GE Capital Corp. and ING Groep NV to finance its purchase, Standard & Poor's Leveraged Commentary & Data reported last week.
The package consisted of a $30 million, five-year revolving credit facility, a $35 million delayed-draw term loan and a $110 million, six-year term, LCD said.
Davis Polk & Wardwell LLP was Archway's legal adviser.
Investcorp turned to Piper Jaffray & Co. for financial advice. Gibson, Dunn & Crutcher LLP was its legal counsel.
"By all means let's be open-minded, but not so open-minded that our brains drop out." - Richard Dawkins
Recent CDMO News
- Avid Bioservices Earns Committed Badge from EcoVadis for Sustainability Performance • GlobeNewswire Inc. • 05/23/2024 12:05:46 PM
- Avid Bioservices to Participate at Upcoming Investor Conferences • GlobeNewswire Inc. • 05/07/2024 08:05:11 PM
- Avid Bioservices Reports Financial Results for Third Quarter Ended January 31, 2024 • GlobeNewswire Inc. • 04/24/2024 09:25:33 PM
- Avid Bioservices Announces Receipt of Deficiency Notice from Nasdaq Regarding Late Form 10-Q • GlobeNewswire Inc. • 03/20/2024 11:00:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 11:30:11 AM
- Avid Bioservices Announces Pricing of Private Placement of Convertible Notes • GlobeNewswire Inc. • 03/07/2024 04:58:48 AM
- Avid Bioservices Announces Proposed Private Placement of Convertible Notes • GlobeNewswire Inc. • 03/06/2024 09:32:07 PM
- Avid Bioservices Announces Certain Preliminary Financial Results for Third Quarter Ended January 31, 2024 • GlobeNewswire Inc. • 03/06/2024 09:31:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:30:18 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/26/2024 09:57:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/13/2024 12:34:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 12:39:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 12:38:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 12:37:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 12:36:27 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 12:35:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/11/2024 12:56:02 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/08/2024 09:32:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 12:56:18 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 12:55:07 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 12:53:58 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 12:51:57 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 12/19/2023 09:05:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 12:34:08 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM