News & Announcements
Seale advises Grupo Tampico on the Ps. 9.3 billion merger of its Beverage Division with Coca-Cola FEMSA
TAMPICO, MEXICO – Seale & Associates, Inc. ("Seale") announced that it acted as exclusive financial advisor to Grupo Tampico, S.A. de C.V. and its shareholders ("Grupo Tampico"), a diversified Mexican conglomerate, on the merger of its beverage division with Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL; NYSE: KOF) ("Coca-Cola FEMSA"), the largest public bottler of Coca-Cola products in the world in terms of sales volume. The announced aggregate enterprise value of the transaction was Ps. 9.3 billion. As a result of the merger, Grupo Tampico’s shareholders received 63.5 million newly issued KOF series L shares at a value of Ps. 103.20 per share. The issued KOF series L shares appreciated 19.8% to a price of Ps. 123.63 prior to closing representing a total aggregate enterprise transaction value of Ps. 10.6 billion (approximately US$800 million as of the closing date exchange rate). The transaction closed on October 11, 2011. Read Full Release »Seale advises The Hertz Corporation on $947 million acquisition of Donlen Corporation
PARK RIDGE, NEW JERSEY -- Seale & Associates, Inc. announced that it acted as financial advisor to The Hertz Corporation ("Hertz") on the acquisition of Donlen Corporation ("Donlen"), a leading provider of vehicle fleet leasing and management services. Hertz purchased Donlen for $947 million including the assumption of approximately $770 million of Donlen's outstanding fleet debt. The transaction closed on September 1, 2011. Read Full Release »Seale advises M. Luis Construction Co., Inc. on the financing and acquisition of an asphalt manufacturing plant from Lafarge North America Inc.
BALTIMORE, MARYLAND -- Seale & Associates, Inc. announced that it arranged financing and acted as financial advisor to M. Luis Construction Co., Inc. ("MLCC"), on the acquisition of a Lafarge North America Inc. asphalt manufacturing facility based in Rockville, Maryland. Read Full Release »Seale Capital advises Optelecom-NKF, Inc. on its acquisition by TKH Group N.V.
GERMANTOWN, MARYLAND -- Seale Capital, Inc., an affiliate of Seale & Associates, Inc., announced that it acted as exclusive financial advisor to Optelecom-NKF, Inc. (NASDAQ:OPTC) on its acquisition by TKH Group N.V. (NYSE Euronext Amsterdam, AMS: TWEKA). The all cash merger transaction was for $2.45 per share, representing a premium of 59.1% over the prior day’s closing share price and a premium of 72.7% over the prior thirty trading day average closing share price. As part of the mandate, Seale Capital advised on the restructuring of the company’s debt with Draka Holding N.V. (NYSE Euronext Amsterdam, AMS: DRAK), which agreed to a 30% reduction in the principal amount of the debt as part of the transaction. The transaction was announced on November 11, 2010; approved by the company’s stockholders on January 26, 2011; and closed on January 27, 2011. Seale Capital rendered a fairness opinion to the Board of Directors of Optelecom-NKF. Read Full Release »Seale completes second transaction for Carrier Corporation, a subsidiary of United Technologies Corporation
HARTFORD, CONNECTICUT -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Carrier Corporation ("Carrier"), a subsidiary of United Technologies Corporation ("UTC"), on the sale of Carrier’s Heat Transfer Products Group ("HTPG") commercial refrigeration business to Monomoy Capital Partners and Starboard Capital Partners, both private investment firms. Specific terms of the transaction were not disclosed. Previously, Seale had acted as the exclusive financial advisor to Carrier in the sale of its International Cold Storage commercial walk-in cooler business. Read Full Release »Seale advises Gannett Company, Inc. on sale of its Gannett Directories local directories business
MCLEAN, VIRGINIA -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Gannett Company, Inc. ("Gannett") on the sale of its Gannett Directories community telephone directories business to Yellow Book USA, Inc. Specific terms of the transaction were not disclosed. Read Full Release »Seale & Associates Adds Five New Team Members
Seale & Associates Inc. is pleased to announce that it has expanded its team with the appointment of Mr. Pankaj Chadha as Managing Director, Europe, Middle East and Asia (EMEA) and the hiring of four new analysts to support Seale's growing M&A and corporate finance practice. Read Full Release »Seale advises Carrier Corporation, a subsidiary of UTC, on its sale of International Cold Storage to the shareholders of Crown Tonka and ThermalRite
HARTFORD, CONNECTICUT -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Carrier Corporation ("Carrier"), a subsidiary of United Technologies Corporation, on the sale of Carrier's International Cold Storage ("ICS") commercial walk-in cooler business to the shareholders of Crown Tonka and ThermalRite, providers of walk-in coolers and freezers for a range of commercial applications. Read Full Release »Seale advises W. R. Grace & Co. on the sale of its Grace Davison Membranes Business
COLUMBIA, MARYLAND -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to W. R. Grace & Co. ("Grace") on the sale of its Grace Davison Membranes Business to UOP LLC, a Honeywell International company. Read Full Release »Seale Advises KBR, Inc. on the Acquisition of Wabi Development Corporation
ALBERTA, CANADA -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to KBR, Inc. (NYSE: KBR) on the acquisition of Wabi Development Corporation (Wabi). Read Full Release »Seale Advises Tan US Group, Inc. (Woodcrafters) on the Recapitalization of the Business
WESLACO, TEXAS – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Tan US Group, Inc. (d.b.a. Woodcrafters) on the recapitalization of the business with Brookstone Partners, a private equity firm based in New York. Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises Grupo Bioquímico Mexicano, S.A. de C.V. on its Sale to Arysta LifeScience Corporation
SALTILLO, MEXICO – Seale & Associates, Inc. announced that it acted as exclusive financial advisor to the shareholders of Grupo Bioquímico Mexicano, S.A. de C.V. (“GBM”) on the sale of the business to Arysta LifeScience Corporation (“Arysta”). Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises Celanese Corporation on the Sale of its AT Plastics’ Films Business to British Polythene Industries PLC
ALBERTA, CANADA --- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Celanese Corporation (NYSE: CE), a global hybrid chemical company, on the sale of the AT Films business of its AT Plastics subsidiary to British Polythene Industries PLC (LSE: BPI). AT Films manufactures polythene film products for the agricultural, horticultural, and construction industries. Specific terms of the transaction were not disclosed.Read Full Release »Seale Advises Celanese on the Sale of its Pampa Facility for Commercial Power Development to Babcock & Brown
DALLAS, TEXAS -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Celanese Corporation (NYSE: CE), a global hybrid chemical company, on the sale of its Pampa, Texas, facility to Babcock & Brown (ASX: BNB) for commercial power development. Babcock & Brown will convert the world-class infrastructure at the Celanese facility into a new Pampa Energy Center with up to 800 megawatts of coal-based electric generation, and potentially including IGCC (Integrated Gasification Combined Cycle) electric generation as well as renewable energy. Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises WGL Holdings, Inc. on the Sale of its Mechanical Contracting Business to Milestone Capital Management LLC
WASHINGTON, D.C. -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to WGL Holdings, Inc. (NYSE: WGL), the parent company of Washington Gas, on the divestiture of American Combustion Industries, Inc. (“ACI”) to Milestone Capital Management, LLC. Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises Lockheed Martin Corporation on the Sale of its Commercial Flight Training Business to Alteon Training L.L.C. / The Boeing Company
BETHESDA, MARYLAND -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Lockheed Martin Corporation (NYSE: LMT) on the divestiture of its commercial flight training business to Alteon Training L.L.C. (Alteon), a business of The Boeing Company. Specific terms of the transactions were not disclosed. Read Full Release »Seale Advises Grupo Industrial Saltillo, S.A. de C.V. on the Sale of its Sanitaryware Business to Villeroy & Boch AG
SALTILLO, MEXICO -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Grupo Industrial Saltillo (“GIS”) on the divestiture of its Sanitaryware Business to Villeroy & Boch AG, headquartered in Mettlach, Germany. Read Full Release »Seale Advises KPAC Solutions on the Sale of its Portfolio Company James Burn International
L'AIGLE, FRANCE / POUGHKEEPSIE, NEW YORK -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to KPAC Solutions ("KPAC") on the sale of its portfolio company James Burn International (“JBI”). The United States operations of JBI have been purchased by Spiral Binding Corp, based in Totowa, New Jersey. The international operations and select machinery and intellectual property of the U.S. operation have been purchased by JBI Holding SAS. Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises Grupo Chen on its Merger with Sigma Alimentos, S.A. de C.V. / ALFA S.A. de C.V.
MONTERREY, MEXICO -- Seale & Associates, Inc. announced that it acted as the exclusive financial advisor to the owners of Grupo Chen on its merger with Sigma Alimentos, S.A. de C.V., a subsidiary of ALFA S.A. de C.V. Terms of the transaction were not disclosed. Read Full Release »Seale Advises Continental Fire Sprinkler Company on its Sale to Peter Kiewit Sons', Inc.
OMAHA, NEBRASKA -- Seale & Associates, Inc. announced that it acted as financial advisor to the shareholders of Continental Fire Sprinkler Company ("Continental Fire") and Continental Alarm & Detection Company ("CADCO") on the sale of the businesses to Peter Kiewit Sons', Inc. ("Kiewit"). Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises Amkor Technology, Inc. on the Sale of its Semiconductor Test Services Business to Integra Technologies, LLC
CHANDLER, ARIZONA -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Amkor Technology, Inc. (NASDAQ: AMKR) on the divestiture of its Amkor Test Services business unit ("ATS") to Integra Technologies, L.L.C. Specific terms of the transaction were not disclosed. Read Full Release »Seale Advises Grif-Fab Corporation on its Sale to Ferguson Enterprises, Inc.
COMMERCE CITY, COLORADO -- Seale & Associates, Inc. announced that it acted as exclusive financial advisor to the shareholders of Grif-Fab Corporation ("Grif-Fab") on the sale of the business to Ferguson Fire & Fabrication, Inc. (“Ferguson Fire”), a division of Ferguson Enterprises, Inc. (“Ferguson”), a wholly-owned subsidiary of Wolseley plc (NYSE:WOS). Specific terms of the transaction were not disclosed. Read Full Release »