June 2014 — Page 3
Search

Private Equity Professional

Private Equity's News Leader

There is a right and a wrong in the universe, and that distinction is not hard to make.
Superman

You are here: Home / 2014 / Archives for June 2014

Archives for June 2014

Greenbriar Equity Group Closes Fund III at $1.1 Billion

by

greenbrier nf1Greenbriar Equity Group has held a closing on $1.1 billion of committed capital for Greenbriar Equity Fund III, LP (the “Fund”), the firm’s largest fund to date. The Fund’s range of limited partners includes foundations, university endowments, family offices, insurance companies, pension plans and other institutional investors.

jones nf2“We are extremely pleased with the strong show of support from many longstanding investors and by the reputation of the institutions investing in our fund. Utilizing our distinct expertise, broad industry relationships, and knowledge of the global transportation sector, we look forward to continuing to deliver value for our partners,” said Regg Jones, Co-Founder and Managing Partner of Greenbriar.

Greenbriar Equity Group invests from $50 million to $150 million per transaction in the global transportation industry, including companies in aerospace & defense, automotive, freight & passenger transport, logistics & distribution, and related sectors. The firm manages $2.5 billion of committed capital and is based in Rye, NY (www.greenbriarequity.com).

In raising the Fund, Greenbriar has capitalized on its domain expertise, a network of industry relationships and a team of operating executives to deliver a strong record of investing in transportation and transportation-related companies. The Fund will follow the same strategy as its successful predecessors, Greenbriar Equity Fund, LP and Greenbriar Equity Fund II, LP.  Since the inaugural fund closed in 2001, Greenbriar has made over thirty platform and follow-on acquisitions.

beckman nf1“We intend to continue our strategy of investing in transportation companies exhibiting strong growth potential, superior management, solid financial performance, sustainable competitive advantage and the ability to capitalize on favorable secular trends,” said Co-Founder and Managing Partner Joel Beckman.

The Fund has thus far made two significant investments: Transplace Holdings (June 2013), a provider of non-asset based third party logistics, intermodal and truck brokerage services based in Frisco, TX (www.transplace.com); and Nordco Holdings (August 2013) , a provider of rail-related products and services.  Nordco was founded in 1926 and is headquartered in Milwaukee (www.nordco.com).

Weil, Gotshal & Manges LLP served as legal counsel for the Fund.

2014 PEPD • Private Equity’s Leading News Magazine • 6-24-14

Huron Capital Recaps Spring & Sprout, Launches New Dental Platform

by

huron nf1Huron Capital Partners has acquired a new platform investment with the recapitalization of Spring & Sprout Dental Holdings, a dental support organization (DSO) that provides practice support services to dental specialists in pediatric dentistry and orthodontics.

Spring & Sprout will initially provide its support services to dental practices in Ohio, with plans to expand its presence through the Midwest and into the South. The company is headquartered southwest of Detroit in Dundee, MI (www.springandsprout.com).

In launching this buy-and-build initiative, Huron Capital has partnered with dental industry veteran and Huron Capital operating partner, Michael Schwartz.  Mr. Schwartz was previously the CEO of Corner Dental, a DSO supporting general dentistry practices in Ohio.   Mr. Schwartz and Huron Capital formed Spring & Sprout along with fellow industry veterans, Mick Janness and Jim Usdan, with the vision to build it into the largest DSO exclusively serving pediatric and orthodontic specialty dental practices in the US.

“We are extremely excited to be partnering with Huron Capital in this endeavor.  Huron Capital has significant experience in the DSO space through its investment in Dynamic Dental Partners Group, and we look forward to working alongside Huron Capital to execute our buy-and-build strategy in the pediatric dental specialty market,” said Mr. Schwartz.  “Spring & Sprout has assembled an excellent team with a strong pipeline of growth opportunities, and we are thrilled to have access to the financial and operational resources of Huron Capital at our disposal to achieve our strategic goals.”

nick barker nf1“Huron Capital is very excited to partner with Michael and his team.  They have laid out a very thoughtful thesis around the opportunity in the pediatric dental specialty market, and have built an excellent team to execute their plans.  Spring & Sprout has several opportunities for growth and we look forward to supporting them in every way we can,” said Nick Barker, Partner at Huron Capital.

Huron Capital Partners invests up to $70 million per transaction in middle market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include education & training, healthcare, specialty chemicals, specialty packaging, consumer products, home decor, business services, industrial manufacturing, food & beverage, and marketing services. The firm was founded in 1999 and currently manages over $1.1 billion in committed equity through four private equity funds. Huron Capital Partners has offices in Detroit and Toronto (www.huroncapital.com).

2014 PEPD • Private Equity’s Leading News Magazine • 6-24-14

State by State Analysis of Private Equity Published by PEGCC

by

pegcc non featurePrivate equity firms invested more than $443 billion in US-based companies last year, a 27 percent increase over the previous year, according to the Private Equity Growth Capital Council’s fourth annual investment report, “Private Equity: Top States and Districts.” The analysis, which ranks the top 20 states and congressional districts by investment value and number of investments, found that Texas received the most investment in 2013, topping California, Pennsylvania, New York and Florida. Click HERE for a free copy of the report.

judge nf“Private equity investment is long-term capital at work,” said Steve Judge, president and CEO of the Private Equity Growth Capital Council. “The companies in states across the country that receive private equity investment are able to expand their businesses, develop new innovations and hire workers and this report highlights the important contributions of private equity in the US economy.”

For the third year in a row, Texas received the most investment from private equity (measured in dollars invested) totaling $87.4 billion in 282 companies. California came in second, followed by Pennsylvania, which moved up in the rankings from sixth place last year.  Other states that moved up in the rankings are Virginia, which jumped from sixteenth to seventh, and Maryland, Delaware and Minnesota, which all moved into the top 20 in 2013.

Visit the PEGCC’s Interactive Map to see data, including pension fund investment, for all 50 states and rankings, by clicking  HERE.

The top Congressional Districts by private equity investment were as follows:

  • John Carter (TX-31) – $24.9 billion
  • Mike Doyle (PA-14) – $24.8 billion
  • John Culberson (TX-7) – $14.6 billion
  • Carolyn Maloney (NY-12) – $13.7 billion
  • Henry Waxman (CA-33) – $10.7 billion

The report is part of the PEGCC’s ongoing Private Equity at Work campaign aimed at educating policy makers and the public about the private equity industry and its contributions to the American economy. “Private Equity: Top States and Districts” is one of the two major analyses conducted each year by the PEGCC. The PEGCC also releases a yearly report every fall ranking pension fund investment in private equity.

The Private Equity Growth Capital Council (PEGCC) is an advocacy, communications and research organization and resource center established to develop, analyze and distribute information about the private equity and growth capital investment industry and its contributions to the national and global economy.  Established in 2007 and formerly known as the Private Equity Council, the PEGCC is based in Washington, DC.  The members of the PEGCC consist of the world’s leading private equity and growth capital firms united by their commitment to growing and strengthening the businesses in which they invest.  More information about the PEGCC can be found at www.pegcc.org.

2014 PEPD • Private Equity’s Leading News Magazine • 6-24-14

Monroe Capital Backs Versa’s Spin off of BCC

by

monroe nf4Monroe Capital has provided a senior secured credit facility to support the spin-off of BCC Software from its former parent, Bell and Howell, by private equity sponsor Versa Capital Management.  Versa now holds majority ownership positions in both Bell and Howell and BCC.

BCC Software creates postal software applications and provides data marketing services. The company was founded in 1978 and delivered mailing technology solutions under the BCC name for more than 30 years until its purchase by Bell and Howell in 2005. BCC employs approximately 75 people and is based in Rochester, NY (www.bccsoftware.com).

Christopher Lien, President of BCC, will continue to lead the company. Mr. Lien has spent more than 22 years in the data and mailing industries and has received national recognition for his contributions, most recently in his industry election as Industry Chair of the Postmaster General’s Mailers Technical Advisory Committee, a 49-year-old organization with more than 150 members of the mailing industry.

Since launching the firm’s national technology vertical, Monroe Capital has partnered with many of the country’s private equity and venture capital firms to finance software, e-commerce, industrial technology and tech-enabled services companies.

Monroe Capital is a specialty finance company providing senior and junior debt and equity co-investments to middle-market companies. The firm was founded in 2004 and maintains offices in Chicago, Atlanta, Boston, Charlotte, Dallas, Los Angeles, New York and San Francisco (www.monroecap.com).

Versa Capital Management invests in special situations involving middle market companies with revenues in the $50 million to $1 billion range or assets of $25 million to $500 million. The firm has $1.4 billion of capital under management and is based in Philadelphia (www.versa.com).

2014 PEPD • Private Equity’s Leading News Magazine • 6-24-14

Riverside Acquires Global Orthopaedic Technologies

by

global ortho nf1The Riverside Company has acquired Global Orthopaedic Technologies, an Australian manufacturer and distributor of orthopaedic implants.

Global Orthopaedic Technologies (Global) supplies implants and instrumentation for hip, knee, shoulder and spine surgeries, along with related orthobiologics. The company was founded in 1999 by Mike Ribot and Steve Banks and has grown to become the largest Australia-owned orthopaedic implant designer and manufacturer. Messrs. Ribot and Banks will continue to be involved with Global as shareholders and senior managers, providing their knowledge and experience of the Australian orthopaedic industry.  The company has two research, design and manufacturing facilities in Bella Vista and Seven Hills in New South Wales and is headquartered near Sydney in Baulkham Hills (www.globalortho.com.au).

Simon Feiglin“Global has an enviable product portfolio and a history of innovation,” said Riverside Partner Simon Feiglin. “They’re a growing company in an expanding market thanks to offering products and services that are valued by surgeons and relied upon by patients in Australia and increasingly around the world.”

Riverside has partnered on the transaction with Andrew Fox-Smith and Duncan Lilley. Mr. Fox-Smith is a former Group President – International with Stryker Corporation, and has more than two decades of experience in the global orthopaedic market. Mr. Fox-Smith will serve as CEO. Mr. Lilley has most recently held senior roles with British Standards Institution and SAI Global and will serve as COO.

“We are delighted to partner with Riverside and Andrew Fox-Smith, who bring their vast international experience to Global, enabling us to develop new and exciting growth opportunities,” Mr. Ribot said. “When Steve and I started Global, it was with a vision to create a multinational orthopaedic business and this transaction is an important milestone in realizing that vision.”

According to Riverside, the firm’s experience in the healthcare sector includes more than 70 investments in the space, supported by a team of specialists who can help Global identify new opportunities and enter new markets.

“By partnering with Riverside, we have an exciting opportunity to not only organically expand Global, but also look at value-added acquisitions that can accelerate our growth objectives,” said Mr. Fox-Smith. “Global offers a comprehensive suite of products, has a demonstrated ability to develop and commercialize new products, and works closely with some of Australia’s leading orthopaedic surgeons. We intend to build on this success and open doors to new relationships and new opportunities to position the company for continued and long-term success.”

Steven Spiteri nf bo heitz nf1Working with Mr. Feiglin on the transaction for Riverside was Vice President Steven Spiteri and Associate Bo Heitz.

The Riverside Company is focused on the smaller end of the middle market and invests in businesses valued at up to $250 million (€200 million in Europe). Since 1988, the firm has invested in more than 340 transactions with a total enterprise value of more than $6 billion. The firm’s international portfolio includes more than 70 companies.  The Riverside Company is headquartered in New York with additional offices in Atlanta, Chicago, Cleveland, Dallas, Los Angeles, San Francisco, and London (www.riversidecompany.com).

Babson Capital and Commonwealth Bank of Australia provided financing for the transaction. Jones Day, Deloitte, KPMG and AT Kearney advised Riverside on the deal.

2014 PEPD • Private Equity’s Leading News Magazine • 6-23-14

Versa Recaps Bell and Howell, Spins Off Its BCC Software Division

by

bell and howellVersa Capital has recapped its portfolio company Bell and Howell which it acquired in June 2011. In so doing, Versa created BCC Software as a new company independent of its former parent, Bell and Howell.  Versa now holds majority ownership positions in both Bell and Howell and BCC, and in connection with the transaction Monroe Capital has provided BCC with a new revolving credit and term loan facility to support its growth.

greg segall nf1“We believe that there are many benefits to be gained by both Bell and Howell and BCC with BCC operating independently,” said BCC Chairman and Versa CEO Greg Segall. “BCC is the leader in postal software solutions and data marketing services. As it expands into new markets with new services and solutions offerings, BCC’s growth will best be accomplished as a stand-alone business.

BCC Software creates postal software applications and provides data marketing services. The company was founded in 1978 and delivered mailing technology solutions under the BCC name for more than 30 years until its purchase by Bell and Howell in 2005. BCC employs approximately 75 people and is based in Rochester, NY (www.bccsoftware.com).

Ramesh Ratan nf1“The BCC spin-off allows Bell and Howell to retire its outstanding third party debt under its credit facility with our valued lending partners PNC Business Credit and Crystal Financial, further advancing our organizational progress,” said Ramesh Ratan, Bell and Howell CEO.  “We’re excited about Bell and Howell’s opportunity set, and the team and I remain committed to realizing them through the continued execution of our own growth strategy. At the same time, BCC Software as an independent business will benefit from the focus, oversight and capitalization that come with being a free-standing business. This transition stands to make the two independent businesses stronger while BCC remains an important strategic partner with Bell and Howell as we work closely to create new services and solutions for our customers.”

Christopher Lien, President of BCC, will continue to lead the company. Mr. Lien has spent more than 22 years in the data and mailing industries and has received national recognition for his contributions, most recently in his industry election as Industry Chair of the Postmaster General’s Mailers Technical Advisory Committee, a 49-year-old organization with more than 150 members of the mailing industry.

“Chris has an exemplary, productive team, and we are committed to supporting their efforts both operationally and financially,” said Mr. Segall.  “Additionally, Bell and Howell is now in a better position to focus on its core competencies and continue to deliver valued products and services to its customers and partners.”

Bell and Howell is a provider of document processing, microfilmers, scanners, and financial services. Customers operate in the banking, insurance, telecommunications, public utilities, postal, freight operators, governments and print and mail service bureaus sectors. The “Bell & Howell” trademark is also licensed to makers of various electronic consumer products.  Headquartered with manufacturing in Research Triangle Park, NC, the company maintains engineering, sales and business presence in Wheeling, IL, Dallas, TX, Allentown, PA, Waterloo, Ontario, and overseas facilities in the UK and Germany (www.bellhowell.net).

Versa Capital Management invests in special situations involving middle market companies with revenues in the $50 million to $1 billion range or assets of $25 million to $500 million. The firm has $1.4 billion of capital under management and is based in Philadelphia (www.versa.com).

2014 PEPD • Private Equity’s Leading News Magazine • 6-23-14

Harbinger Looks to Acquire Central Garden & Pet Company

by

central garden and pet nf1Harbinger Group has today released its most recent letter to the Board of Directors of Central Garden & Pet Company which outlines an acquisition of Central Garden & Pet for $10 in cash per share or alternatively to acquire Central Garden & Pet’s Pet Segment for $750 million in cash.

Central Garden & Pet Company produces and sells various products for the pet, and lawn and garden supplies markets in the United States. The company operates in two segments, Pet, and Lawn and Garden.

The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets. It also offers animal and household health, and insect control products; aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food and supplements, and information and knowledge resources for fish, reptiles, and other aquarium-based pets; and products for horses and livestock. This segment sells its products to independent pet distributors, retail chains, grocery stores, mass merchants, and bookstores under various brand names, which include Adams, Aqueon, Avoderm, BioSpot, Farnam, Four Paws, Kaytee, Nylabone, Pinnacle, TFH, Zilla, Altosid, Comfort Zone, Coralife, Interpet, Kent Marine, Oceanic Systems, Pet Select, Pre-Strike, Super Pet, and Zodiac.

The Lawn and Garden segment provides grass seeds; wild bird feed, bird feeders, bird houses, and other birding accessories; weed, grass, ant and other herbicide, insecticide, and pesticide products; and decorative outdoor lifestyle and lighting products, such as comprising potteries, trellises and other wood products, and holiday lighting products. This segment sells its products to retail chains, independent garden distributors, grocery stores, nurseries, and garden supply retailers under the AMDRO, GKI/Bethlehem Lighting, Ironite, Pennington, Sevin, Grant’s, Lilly Miller, Matthews Four Seasons, New England Pottery, Norcal Pottery, Over-N-Out, Smart Seed, and The Rebels brand names.

Central Garden & Pet was founded in 1955 and is based east of San Francisco in Walnut Creek, CA (www.central.com).

Harbinger Group Inc. is a diversified holding company with operations in life insurance and annuity products; branded consumer products; asset-backed loans; and energy assets. HRG is principally focused on acquiring controlling and other equity stakes in businesses across a range of industries and growing its existing businesses. In addition to HRG’s intention to acquire controlling equity interests, HRG may also make investments in debt instruments and acquire minority equity interests in companies. HRG is headquartered in New York and traded on the New York Stock Exchange under the symbol HRG (www.harbingergroupinc.com).

2014 PEPD • Private Equity’s Leading News Magazine • 6-23-14

Lincoln Advises Identity Group on Recent Sale

by

lincoln nf2Investment bank Lincoln International was the exclusive financial advisor to IDG Holdco (DBA Identity Group) on its sale to Ancor Capital Partners, Merit Capital Partners and PNC Mezzanine Capital.  As the exclusive financial advisor Lincoln provided advisory expertise and managed the preparatory, buyer coordination and contact, due diligence and final negotiation phases of the transaction which closed at the end of May 2014.

Identity Group manufactures custom identity products engineered to communicate a brand, message, location, or creative theme, and is best known for manufacturing and marketing customized interior signs. Identity Group’s customization capabilities allow it to produce high-volume, custom orders for businesses nationally and internationally. In addition to interior signage, Identity Group’s products include sign systems, dimensional lettering, stock signs, custom and stock stamps, and embossed, engraved, or printed identity products. The company was founded in 1959 and is based east of Nashville in Cookeville, TN (www.identitygroup.com).

Lincoln International worked closely with the company’s senior management team, board of directors and primary shareholders throughout the sale process.

“Through a thoughtful and aggressive, customized marketing effort, Lincoln created a highly competitive process resulting in attractive alternatives for the shareholders with a very favorable outcome,” said Lawrence Hirsh, Chairman of the Board for Identity Group.  “Lincoln’s team provided tremendous leverage and assistance to management, the Board and shareholders, lending execution expertise, process guidance and industry knowledge throughout the sale process.”

“Lincoln worked tirelessly throughout the sale process by first making that crucial connection with the management team and then understanding our business and sharing our compelling story,” said Brad Wolf, President of Identity Group.  “They provided astute guidance to me and the management team throughout the sale process and helped find us a partner with the vision and the tools to help our business continue to grow.”

Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. Lincoln International has 16 offices in the in the Americas, Asia and Europe and is headquartered in Chicago (www.lincolninternational.com).

2014 PEPD • Private Equity’s Leading News Magazine • 6-23-14

Harris Williams Advises Wencor on Sale to Odyssey

by

harris williams2 nfHarris Williams & Co. acted as the exclusive advisor to Wencor, a portfolio company of Odyssey Investment Partners, on its recent sale to Warburg Pincus. The transaction closed on June 19, 2014.

The Harris Williams team was led by Jon Nemo, Chris Rogers, Doug Kinard and Chris Smith from Harris Williams & Co.’s Aerospace, Defense & Government Services (ADG) Group.  The sale of Wencor represents the ninth transaction announced by the ADG Group since its formation in June 2010.

nemo nf1“Wencor is a truly unique commercial aerospace business serving the aftermarket maintenance needs of its large and growing customer base,” said Jon Nemo, managing director in Harris Williams & Co.’s ADG Group. “This successful transaction reflects the strong demand for differentiated platforms in commercial aerospace.”

Wencor is a provider of aftermarket components to the commercial, military and general aviation aircraft sectors.  Customers include commercial airlines and maintenance, repair and overhaul (MRO) providers.  Wencor’s Parts Manufacturer Approval (PMA) catalogue includes approximately 4,000 different parts for customers including airlines, maintenance, repair and overhaul shops and original equipment manufacturers.  Wencor’s aftermarket distribution business provides a channel to more than 3,700 customers around the world.  The company is led by Greg Beason, CEO, and is headquartered near Provo in Springville, UT (www.wencor.com).

rogers nf1“Wencor management and the Odyssey team have built an impressive platform with deep aerospace part design, component repair and distribution expertise,” said Chris Rogers, managing director in Harris Williams & Co.’s ADG Group. “Wencor will continue to take advantage of the many organic and acquisition-based growth opportunities created by the compelling value proposition it provides to its customers as well as benefit from the industry expertise and global reach of its new partner, Warburg Pincus.”

Warburg Pincus has more than $35 billion in assets under management and has raised 13 private equity funds which have invested more than $48 billion in approximately 700 companies in 35 countries. The firm was founded in 1966 and is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Port Louis, Mumbai, San Francisco, Sao Paulo and Shanghai (www.warburgpincus.com).

Odyssey Investment Partners is a middle-market private equity firm with more than $3 billion under management. Odyssey makes control investments primarily in established middle-market companies in a variety of industries, including industrial manufacturing; business, financial and healthcare services; aerospace products; and localized and route-based service businesses. The firm has offices in New York and Woodland Hills, CA (www.odysseyinvestment.com).

Harris Williams & Co.’s Aerospace and Defense Group (ADG) offers advice to aerospace, defense and government services clients. For more information on the Aerospace and Defense Group click HERE.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

2014 PEPD • Private Equity’s Leading News Magazine • 6-20-14

Deloitte Advises MeadWestvaco on Folding Carton Deal

by

deloitte nfDeloitte Corporate Finance was the exclusive financial advisor to MeadWestvaco Corporation in the sale of its European beauty and personal care folding carton operation to AGI Shorewood Group, a specialty packaging company.

“Deloitte‘s understanding of the packaging industry was critical in helping us execute a divestiture that produced a solid result for our shareholders, customers, and employees.  This is the third time that Deloitte has advised us on a divestiture, and we value their industry expertise, carve-out process, and collaborative approach,” said Peter Durette, MVW senior vice president home, health & beauty, packaging.

will frane nf1“We have been fortunate to advise MeadWestvaco on three transactions in the last four years, and have developed strong relationships with their team. We look forward to continuing the relationship with them in the future and maintaining Deloitte‘s strong presence in the packaging industry,” said Will Frame, managing director, Deloitte Corporate Finance.

MeadWestvaco (NYSE: MWV) is a global packaging company providing products to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries. The company also produces specialty chemicals for the automotive, energy, and infrastructure industries. The company’s network of 125 facilities and 16,000 employees spans North America, South America, Europe and Asia. MeadWestvaco is headquartered in Richmond, VA (www.mwv.com).

AGI Shorewood Group is a specialty packaging company that serves the health and beauty, pharmaceutical, home entertainment, consumer electronics, confectionery and specialty foods, spirits, and sporting goods industries.  The company is comprised of two separate legal entities — AGI-Shorewood US and AGI-Shorewood International — and collectively employs 3,000 people worldwide, operating 18 manufacturing facilities including lithographic, flexographic, digital, and specialty gravure print and Amaray injection-molded plastics facilities in North America, Europe, Asia, and Latin America and seven Spark! Creative services centers in the US, UK, France, China, and Australia. AGI Shorewood is headquartered in Stamford, CT (www.asg-worldwide.com).

Deloitte Corporate Finance provides deal execution and financial advisory services to large corporate, middle market, and private equity firms.   Deloitte Corporate Finance has access to the resources of the Corporate Finance Advisory practices of the member firms within the Deloitte Touche Tohmatsu Limited network of member firms. Together with Deloitte Corporate Finance, these practices include in excess of 1,600 professionals, working collaboratively in 150 international locations (www.investmentbanking.deloitte.com).

Deloitte Corporate Finance is an SEC registered broker-dealer and member of FINRA, and is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP.

2014 PEPD • Private Equity’s Leading News Magazine • 6-20-14

To search in site, type your keyword and hit enter