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.
“Seale provided our executive team and our Board of Directors with valuable advice on a range of important topics during the strategic alternatives, restructuring and merger phases of the mandate and the exceptional service we received exceeded our high expectations,” stated Dave Patterson, former President & Chief Executive Officer of Optelecom-NKF. “I was impressed by their professionalism, creativity, and integrity in helping us to achieve a successful transaction for our shareholders in the face of challenging circumstances.”
Optelecom-NKF is a global supplier of advanced video surveillance solutions, which includes IP cameras, video servers/codecs, network video recorders, fiber transmission equipment, video management software, and video analytics. The company delivers complete solutions for traffic monitoring and security of airports, seaports, prisons, utilities, public transit, city centers, hospitals, and corporate campuses. Founded in 1972, Optelecom-NKF has a strong track record in providing its customers with expert technical advice and support in addition to products that are developed and tested for professional and mission critical applications. Optelecom-NKF IP surveillance solutions are marketed under the Siqura name.
TKH Group is an international group of companies that specializes in creating and supplying innovative telecommunications, building and industrial solutions. In 2009, TKH Group had sales of EUR726 million with a workforce of 3,564 employees.
Seale Capital Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. Seale & Associates, headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. All securities related transactions are cleared through Seale Capital, Inc. For more information please visit www.sealeassociates.com or www.sealecapital.com.