News
February 17, 2009
Tri-Artisan Partners Europe was appointed by the parent of Countrywide plc (the leading UK residential estate agency group), Castle HoldCo 4, Ltd., as its financial advisor in connection with a restructuring plan proposed by a group of holders of its Senior Secured Notes and Senior Notes. This plan envisaged the filing of a scheme of arrangement which would result in a £113 million injection of new equity capital by funds managed by Apollo Management L.P., Oaktree Capital Management L.P., Alchemy Special Opportunities and Polygon and a reduction of outstanding debt from £740 million at the time of the original transaction to £175 million.
December 17, 2008:
The previously announced merger between Groupe Smithfield, the 50/50 joint venture between Smithfield Foods, Inc. and funds controlled by Oaktree Capital Management, L.P., and Campfrio Alimentacion S.A. ("Campofrio") was completed. The combined company, known as Campofrio Food Group, is the largest pan-European company in the packaged meats sector and is the market leader in Spain, France, Portugal and The Netherlands. Immediately following the consummation of the transaction, shareholders of Campofrio and Groupe Smithfield own 51.5% and 48.5% of Campofrio Food Group, respectively. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Oaktree in the acquisition of a 50% stake in Groupe Smithfield in August 2006.
December 16, 2008:
Tri-Artisan announced the addition of Thomas Harney as Managing Director - Head of Real Estate.
December 2, 2008:
Tri-Artisan announced the addition of David Boemo as Managing Director and Chief Financial Officer.
July 18, 2008: June 30, 2008: March 13, 2008: January 28, 2008: January 24, 2008: December 12, 2007: November 8, 2007: January 27, 2007:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Automotive.com, a leading automotive internet lead generation company, in connection with the final contingent payment relating to the 2005 sale of a majority equity stake in Automotive.com to PRIMEDIA Inc., which was sold to Source Interlink Companies, Inc. in the fall of 2007.
Groupe Smithfield Holdings, S.L., the 50/50 joint venture between Smithfield Foods, Inc. and funds controlled by Oaktree Capital Management, L.P., agreed to merge with
Tri-Artisan Partners LLC advised Unifund, one of the country's leading purchasers, sellers and managers of under-performing and distressed consumer receivables, on the financing of a special purpose investment vehicle for acquiring distressed consumer receivables.
Apollo Management, L.P. and TPG Capital, L.P. (together, the "Sponsors") completed the acquisition of Harrah's Entertainment, Inc. for a total transaction value of approximately $31 billion (including fees and expenses). An affiliate of Tri-Artisan Capital Partners, LLC and Global Leisure Partners LLC co-invested alongside the Sponsors in the transaction.
Tri-Artisan announced the addition of Frank Fischer as Managing Director, based in
January 1, 2008:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Westwind Communications LLC on its sale of KBAK-TV (CBS affiliate) and KBFX-CA (Fox affiliate), a broadcast television duopoly in Bakersfield, CA, to Fisher Communications Inc. (Nasdaq: FSCI) for total consideration of $55.0 million.
Crown Limited (ASX: CWN) announced that it had signed an agreement to acquire 100% of the equity interest in Cannery Casino Resorts for US$1,752 million from Millennium Gaming, Inc. and funds controlled by Oaktree Capital Management, L.P. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Oaktree in the acquisition of an ownership interest in Cannery Casino Resorts in January 2006.
Scandius BioMedical Inc. was purchased by Covidien Ltd., a leading global provider of healthcare products. Certain Tri-Artisan Capital Partners, LLC investors participated in the private equity financing for Scandius BioMedical Inc. in January 2004.
June 11, 2007:
Tri-Artisan announced the addition of David Libowitz as Managing Director.
May 29, 2007:
Tri-Artisan Capital Partners, LLC and Apollo Management L.P. completed the $3.1 billion acquisition of Claire's Stores, Inc. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Apollo in the transaction and Tri-Artisan Partners LLC acted as financial advisor to Apollo. A representative of Tri-Artisan serves on the Board of the Company.
May 21, 2007:
Tri-Artisan Partners LLC acted as exclusive advisor to PRIMEDIA Inc. on its sale of Films Media Group (FMG) to Facts on File, Inc. FMG is a leading source of educational videos to schools, colleges and libraries in North America, offering approximately 12,000 titles.
February 2, 2007:
Tri-Artisan Partners Advisors Europe LLP received its authorization by the UK Financial Services Authority.
Tri-Artisan Partners opened its London office in Mayfair and formed its European Operating Executive Network.
October 18, 2006:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Sumitrans Corporation, a wholly owned subsidiary of Sumitomo Corporation of America, on its sale of ServiceCraft Logistics LLC to an affiliate of H.I.G. Capital LLC.
October 3, 2006:
Tri-Artisan Partners LLC acted as financial advisor to NRDC Equity Partners, LLC on its acquisition of Lord & Taylor from Federated Department Stores, Inc. for $1.195 billion in cash.
August 8, 2006:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Oaktree Capital Management, LLC on its joint venture acquisition with Smithfield Foods, Inc. of the European meats business of Sara Lee Corporation for $575 million, plus the assumption of pension-related liabilities in an amount not to exceed $39 million. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Oaktree in this transaction. A representative of Tri-Artisan serves on the Board of the Company.
July 31, 2006:
Eight O'Clock® Coffee Company was purchased by Tata Coffee Ltd., headquartered in India. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Gryphon Investors, a San Francisco-based private equity firm, in the acquisition of Eight O'Clock Coffee in November 2003.
May 17, 2006:
Tri-Artisan Partners LLC announced the addition of Jerry Fadden as Managing Director.
February 14, 2006:
Apollo Management, L.P. completed the acquisition of Linens 'n Things, Inc. for a total transaction value of approximately $1.3 billion. Tri-Artisan Partners LLC acted as financial advisor to Apollo on this transaction. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Apollo in the transaction.
January 31, 2006:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Brazos Private Equity Partners on the acquisition of fuel-tank supplier Fuel Systems LLC from TMB Industries and Chilmark Partners. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Brazos in the transaction.
January 20, 2006:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Werner Co. on the sale of its Extruded Products Division, a leading provider of custom value-added aluminum extrusion products and alloyed aluminum billet, to H.I.G. Capital, a Miami-based private equity firm.
January 5, 2006:
Oaktree Capital Management, LLC completed the acquisition of an ownership interest in Cannery Casino Resorts, LLC, the Las Vegas-based owner and operator of the Cannery Casino & Hotel and the Rampart Casino at the Resort at Summerlin. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Oaktree in the transaction.
December 9, 2005:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Westwind Communications LLC, owner of KBAK-TV (the CBS affiliate in Bakersfield, CA), related to Westwind's acquisition of KBFX-LP (the Fox affiliate in Bakersfield, CA).
December 2005:
Tri-Artisan Partners LLC successfully conducted a bifurcated auction on behalf of a client and sold two portfolios of private equity limited partnership interests for combined proceeds of approximately $26 mm to two leading institutional buyers of secondary interests.
November 15, 2005:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Automotive.com, the premier automotive lead generation business serving new car buyers, on its sale of a majority interest to PRIMEDIA Inc. for $72.5 million in cash plus contributed assets.
November 17, 2005:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Sumitomo Corporation of America on the acquisition of TBC Corporation (NASDAQ: TBCC), one of the leading marketers of automotive replacement tires in the U.S., for $35.00 per share in cash, for a total transaction value of approximately $1.1 billion including debt.
November 11, 2005:
Tri-Artisan Capital Partners, LLC announced the appointment of Donald R. Hutchison as a Managing Director.
August 2, 2005:
Tri-Artisan Partners LLC, in partnership with Mark Harms, acts as financial advisor to Oaktree Capital Management, LLC on its acquisition of an ownership interest in Cannery Casino Resorts, LLC, the Las Vegas-based owner and operator of the Cannery Casino & Hotel and the Rampart Casino at the Resort at Summerlin.
July 20, 2005:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Michael Anthony Jewelers, Inc. on the sale of its jewelry design, marketing and manufacturing business to Bel-Oro International, a New York-based company that imports and distributes jewelry including gold, silver and precious stone items to leading retailers.
July 19, 2005:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Boston-based Jasmine Company, Inc., a privately held women's retailer of upscale and contemporary apparel, footwear and accessories under the "JasmineSola" and "Luisa Luisa" brand names, on its sale to New York & Company, Inc. (NYSE:NWY), a specialty apparel chain with 490 stores.
June 30, 2005:
Tri-Artisan Partners LLC acted as exclusive financial advisor to United Cinemas Co. Limited, a subsidiary of Sumitomo Corporation, on its acquisition of Japan AMC Theaters, Inc., an operator of multiplex theaters in Japan, for an undisclosed amount.
April 27, 2005:
Tri-Artisan Partners LLC acted as financial advisor to Lincolnshire Management, Inc. in the recapitalization of Paddock Pool Construction Co., one of the nation's leading providers of residential and commercial swimming pools and related supplies. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Lincolnshire in the transaction.
April 25, 2005:
Tri-Artisan Partners LLC participated in the syndicate for Accuride Corporation's (NYSE: ACW) $99.0 million initial public offering of 11 million common shares at $9.00 per share.
March 31, 2005:
Tri-Artisan Partners LLC successfully conducted an auction of a secondary limited partnership interest in a lower middle market private equity fund to a leading Wall Street financial institution for $20 million, resulting in proceeds to the client in excess of par.
March 7, 2005:
Tri-Artisan Partners LLC announced the addition of Daniel B. Hebert as Managing Director.
November 22, 2004:
Tri-Artisan Partners LLC acted as exclusive financial advisor to American Genius & Co., Inc., owner of the Nick & Nora portfolio of brands, which entered into an exclusive licensing agreement with Target Corporation.
November 4, 2004:
Tri-Artisan Partners LLC announced the addition of David S. Harris as Managing Director.
November 2, 2004:
Tri-Artisan Partners LLC participated in the syndicate for Aames Investment Corporation's (NYSE: AIC) $297.5 million initial public offering of 35 million common shares at $8.50 per share.
October 19, 2004:
Tri-Artisan Partners LLC provided a valuation opinion to KRG Capital Partners, LLC in connection with its $60 million recapitalization of CIVCO Holdings, Inc., a leading developer and manufacturer of medical devices and equipment for the ultra sound and minimally invasive OEM and end-user markets.
October 1, 2004:
Sumitomo Corporation of America and Sumitomo Corporation completed an investment in Tri-Artisan Capital Partners, LLC.
September 28, 2004:
Tri-Artisan Partners LLC advised Sumitrans Corporation, a wholly-owned subsidiary of Sumitomo Corporation of America, on its acquisition of ServiceCraft Logistics from May Logistics Services ("MLS"), a portfolio company of Chicago-based private equity firm Code Hennessy & Simmons LLC.
July 29, 2004:
Tri-Artisan Partners LLC advised MortgageIT Holdings, Inc. (NYSE: MHL), a residential mortgage company organized as a real estate investment trust (REIT), on its $175 million initial public offering of 14.6 million common shares at $12.00 per share.
June 21, 2004:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Sumitomo Corporation of America on its acquisition of The Hartz Mountain Corporation, a leading U.S. pet supplies company, from J.W. Childs Equity Partners II, L.P., for $388 million. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Sumitomo Corporation of America in the transaction.
May 6, 2004:
Tri-Artisan Partners LLC participated in the syndicate for InfraSource Services, Incorporated's (NYSE: IFS) $112 million initial public offering of 8.6 million common shares at $13.00 per share.
April 30, 2004:
Tri-Artisan Partners LLC acted as exclusive financial advisor to H.I.G. Capital, LLC on its acquisition of Rennhack Marketing Services from Brazos Private Equity Partners, LLC.
February 24, 2004:
Tri-Artisan Partners LLC participated in the syndicate for Amphenol Corporation's (NYSE: APH) $480 million common stock offering of 8 million shares at $60.00 per share.
January 26, 2004:
Tri-Artisan Partners LLC was granted approval by the NASD to engage in directed brokerage activities and underwrite securities on a firm commitment basis.
January 19, 2004:
Tri-Artisan Partners LLC advised CSK Auto Corp. (NYSE: CAO) on its $225 million offering of 7% senior subordinated notes due 2014.
December 8, 2003:
Tri-Artisan Partners LLC advised Ullicare, Inc. (a subsidiary of ULLICO, Inc.) on the divestiture of its GrandFund LLC subsidiary.
November 21, 2003:
Tri-Artisan Partners LLC acted as exclusive financial advisor to Gryphon Investors, Inc. on its acquisition of Eight O'Clock Coffee from The Great Atlantic & Pacific Tea Co. An affiliate of Tri-Artisan Capital Partners, LLC co-invested alongside Gryphon in the transaction.
October 16, 2003:
Tri-Artisan Partners LLC advised a syndicate of investors on the purchase of a minority block of MortgageIT, Inc. Series B Preferred Shares from a private investor.
September 18, 2003:
Tri-Artisan Partners LLC advised Texas Taxi Inc. on its acquisition of the Texan taxi operations of Coach USA, a subsidiary of Stagecoach Group plc.
August 25, 2003:
Tri-Artisan Partners LLC announced the addition of Roger C. Kahn as Managing Director.
July 18, 2003:
Tri-Artisan Partners LLC advised CMED on the sale of the company to KRG Capital Partners, LLC.
March 2003:
Tri-Artisan Partners LLC advised a national network infrastructure services provider in a debt renegotiation.
January 24, 2003:
Tri-Artisan Partners LLC advised CMED on sale of its Medical Device Development and Manufacturing Business to HEI, Inc.
November 11, 2002:
Tri-Artisan Partners LLC received its Broker Dealer License from the NASD.
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