Tag: PierCap Partners

29
Oct

PierCap Partners Sage Panel Discussions – How to Survive Selling Your Company

Ashish Jariwala to discuss M&A survival strategies for business owners. On October 18, 2018, Sage Executive Group hosted a panel discussion focused on one question: “How to survive selling your company?” The Panel was moderated by Tom Deverell, Facilitator Chair and Executive Coach at Sage Executive Group. Panelists included: Ashish Jariwala, founding partner of PierCap Partners: An investment banker’s perspective on

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15
Sep

International Vapor Group acquired for combination of upfront cash, promissory note, stocks and earnout

It was announced on September 6, 2018 that the leading U.S. other tobacco products provider, Turning Point Brands, Inc. (NYSE:TPB), acquired 100% of Florida-based International Vapor Group, Inc. in a deal worth $29 million. Under the terms of the deal, Turning Point paid $15 million in cash upfront, $4 million in the form of an 18-month unsecured promissory note, 0.15

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2
Jul

Edgewater Networks – acquired for 26.83x EBITDA multiple

On June 25, 2018, it was announced that Ribbon Communications Inc. (NasdaqGS:RBBN), a developer of real-time, secure and intelligent cloud communication tools for both legacy networks and next-generation mobile and cloud environments, signed an agreement to acquire Edgewater Networks Inc. for $110 million. The deal consists of $50 million in upfront cash consideration, $30 million in deferred cash payments over

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1
May

On Air with Bob Ryan and team @ ESPN BISTalk Radio Show

On April 27, 2018, both Ashish Jariwala and Zaheer Dhruv exchanged notes with Bob Ryan and the entire BISTalk Radio crew on ESPN. Believing Is Seeing Talk (BISTalk) Radio Show, is presented in a live interview format and is focused on delivering useful financial and business information to listeners with the belief that people who establish, own, and manage substantial businesses are entertaining

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1
Apr

Oboz Footwear gets a big kick with 16.3x EBITDA acquisition multiple

On March 20, 2018, it was announced that New Zealand-based Kathmandu Holdings Limited (NZSE:KMD), a public company focused on designing and selling footwear for outdoor adventure use, entered into an unconditional binding agreement to acquire 100% of the stock of Bozeman, Montana-based Oboz Footwear, in a deal worth $75 million. The deal consists of $60 million to be paid in

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16
Jan

Well orchestrated exit for niche manufacturer of test and measurement equipment

PierCap Partners, a premier mergers and acquisition (M&A) investment banking firm, has announced the sale of Vitrek Corp. of Poway to New York-based private equity firm. Founded by Kevin and Cindy Clark in 1990, Vitrek is a leading manufacturer of highly sophisticated electrical safety test and measurement equipment, with a primary focus on high-voltage applications. The firm has been at

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20
Nov

Keywords Studios on acquisition spree with its 10th acquisition of the year, VMC Consulting for $66 million

In October 2017 Keywords Studios Plc (LSE: KWS), an international technical service provider to the global games industry, made its 10th acquisition this year and its largest deal to-date with the stock purchase of VMC group, including VMC Consulting and Volt Canada Inc., in an all cash deal worth $66.4 million. Besides adjustment for working capital at closing, the deal

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12
Oct

SinfoniaRx, a startup spun out in 2013 – acquired for $131 Million or 4.85x revenue

On September 6, 2017 it was announced that New Jersey-based Tabula Rasa Healthcare, Inc. (NasdaqGM:TRHC), a public healthcare company that provides individualized, data-driven technology solutions, acquired 100% stock of Tuscon-based SinfoníaRx, Inc. in a deal worth $131.0 million. The deal consist of $35.0 million in cash, $11.6 million in form of Tabula Rasa’s shares (520,833 shares), and an additional $85.0

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29
Aug

PierCap Partners joins ACG’s panel to discuss Exit Options for business owners

Zaheer Dhruv to discuss exit options available for business owners and entrepreneurs. Zaheer Dhruv, and experts from the San Diego area are scheduled to have a panel discussion at Association for Corporate Growth’s (ACG) September event. The event, “What’s Your Exit Strategy”, will be held on September 19, 2017 from 7-9 AM at Lomas Santa Fe Country Club in Solana Beach, CA.

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21
Aug

PierCap Partners joins CFO Leadership Council panel to discuss M&A

Ashish Jariwala to discuss M&A survival strategies for business owners, entrepreneurs and CFOs. Ashish Jariwala, and experts from the San Diego area are scheduled to have a panel discussion at The CFO Leadership Council’s September event. The event, “Surviving a Merger or Acquisition – Strategies For All Sides”, will be held on September 13, 2017 from 7-9:30 AM at KPMG’s offices in San

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20
Jul

Interstate Distribution – sold again after 6 years for $113 Million

In July 2017 Heartland Express (NASDAQ: HTLD), a transportation and logistics company, made another acquisition with the purchase of 100% stock of Interstate Distribution Co. (IDC) from SaltChuk Resources, Inc. in an all cash deal worth $113 million. The deal will include cash payment of $94 million and assumption of IDC’s $23 million debt and $4 million cash on balance

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15
Mar

PierCap Partners Relocates to Prime UTC Business Area

San Diego M&A Investment banking firm is relocating and expanding, while maintaining singular commitment to M&A and senior-level involvement. PierCap Partners is starting 2017 at their new office space in The Plaza, 4320 La Jolla Village Drive, Suite 300. The team is relocating from their previous office in Del Mar. The Plaza at La Jolla came as a natural choice for

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