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Strength to Grow |
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Merchant and Investment Banking Services |
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Segal & Co. |
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Below are transactions successfully completed under the leadership of Robert B. Segal, founding principal of SEGAL & Co. Recent Transactions: Oceanic Digital Communications: Various, including the Restructuring of Oceanic Digital Jamaica, $30,000,000 Revolving Credit and Term Loan from the Inter-American Development Bank and the acquisition of mobile wireless telecommunications licenses in the Caribbean and Latin America. CustomerLinx: $28,300,000 Bridge Loan and Equity Funding Metrocall: $10,000,000 Off-Balance Sheet Financing Pac-West Telecom, Inc.: $115,000,000 Recapitalization, Leveraged Buyout with Private Equity and Senior Bank Bridge financing
Mergers & Acquisitions: Allegheny Beverage: $40 million sale of the Laundry Services division to a management led LBO Allegheny Beverage: $450 million sale of the Service America food service operations to an LBO Allegheny International: $25 million sale of Scripto division to an LBO group Allegheny International: $270 million sale of Allegheny Ludlum Steel Company to a management led LBO group Armstrong World Industries: $340 million acquisition of American Olean from National Gypsum Bird Incorporated: $47 million sale of Bird Machine Company to Baker Hughes Bird Incorporated: $30 million sale of a cross border joint venture to Sulzer Escher Weiss Booker plc: Exclusive sale mandate for non-core subsidiary. Inacomp Computer Centers: $60 million advisory engagement concerning the acquisition of Valcom National Foods, Inc.: Retained for a review of strategic alternatives and specific acquisition and merger assignments successfully completed Oceanic Digital Comm., Inc.: Joint venture with Centennial Communications in Jamaica Oceanic Digital Comm., Inc.: Acquisition of Servicios Globales Telecommunicaciones licenses in El Salvador Oceanic Digital FWI: Acquisition of mobile wireless telecommunications license in the French West Indies Oceanic Digital Comm., Inc.: Acquisition of long distance licenses in the Netherlands Antilles Oceanic Digital Jamaica, Ltd.: $30,000 Term Loan provided by the Inter-American Development Bank Paging Services, Inc.: Advisory assignment in connection with merger discussions and sourcing senior debt and mezzanine financing, leading to the acquisition of Paging Services by Positive Comm. Paradise Communications, Inc.:Advisory assignment in connection with the acquisition of certain offshore cellular operations RWE-DEA: A successful cash tender offer of $1.2 billion, which led to the acquisition of Vista Chemical Safeguard Scientifics, Inc.: Advisory assignment with respect to the acquisition of certain Rural LEC's and CLEC's Scott Paper Company: Advisory services and retainer for timber divestiture UGI: A $66 million acquisition of Matheson Gas Universal Foods: Advisory mandate to acquire an F,D & C ingredients company from an international pharmaceutical company Vortex Sound Communications: Successful LBO acquisition and financing of Music, Inc., a Muzak franchisee serving Greater Washington, DC, Baltimore and the Eastern Shore
Financings: Allegheny Beverage- $58 million underwritten negotiated equity offering Allegheny Beverage- $105 million underwritten negotiated convertible debenture offering Allegheny International- $125 million underwritten call for conversion of convertible debentures ARA Services- $25 million private placement of negotiated debt Armstrong World Industries- $125 million negotiated underwritten issue of 9 3/4% Debentures Arvin Industries, Inc.– Public offering of $15 million of 9 3/8% of sinking fund debentures Ashland Oil- $36 million Pollution Control Revenue Bond refunding Ashland Oil- $36 million refunding Bunker-Ramo Corporation- $26,318,362 public offering of 2,339,410 common shares Cartridge Television Inc. - $22 million public offering of 1,100,000 common shares Continental Investment Corp.- A $30 million public offering of 9% Convertible Subordinated Debentures due Fairchild Industries- $20 million private placement for negotiated debt Fairchild Industries- $25 million private placement for negotiated debt Fairchild Industries- $45 million private placement for negotiated debt Ferrofluidics Corporation- $12 million underwritten negotiated equity offering Hammermill Paper Company Remarketing- tax exempt debt issue Hammermill Paper Company- $23 million Pollution Control Revenue Bond refunding - tax exempt Hammermill Paper Company- $9 million Pollution Control Revenue Bond refunding - tax exempt Hammermill Paper Company- $60 million Co-Generation Facility Joint Venture project financing Hansen Capital- $75 million AAA-Rated SABRES (Money Market preferred) Hercules Incorporated- $50 million debt underwriting Inacomp Computer Centers- $15 million negotiated equity offering Integrated Resources, Inc.- $4,106,250 public offering of 365,000 common shares Kayser-Roth Corporation- $20 million public offering in 1971 of 8 3/4% debentures NVRyan- $45 million convertible debenture offering NVRyan- $21 million equity offering Oceanic Digital Comm., Inc.- $36,000 private equity funding Oceanic Digital Comm., Inc.- $75,000 Revolving Credit and Term Loan PQ Corporation- Remarketing of tax exempt debt PQ Corporation- Remarketing of tax exempt debt PQ Corporation- $7 million tax exempt Pollution Control Revenue Bond PQ Corporation Advisory services and acquisition retainer PQ Corporation- $25 million private placement for negotiated debt PQ Corporation- $10 million Kansas City Industrial Development Revenue Bond -tax exempt PQ Corporation- $15 million private placement of negotiated debt Province of Newfoundland- $25 million public offering in 1971 of 8 3/4% sinking fund debentures due Ryan Mortgage- Acceptance A series of structured Collateralized Mortgage Obligation issues and raising over $1 billion in several dozen transactions over a three year time period Sanitas Service Corp.- $5,800,000 public offering of 725,000 common shares Scott Paper Company- Remarketing of tax exempt bonds Scott Paper Company- Remarketing of tax exempt revenue bonds Scott Paper Company- $44 million Michigan Strategic Fund tax exempt financing Scott Paper Company- $92 million negotiated underwriting of Refunding Project Debt Scott Paper Company- $125 million debenture offering Scott Paper Company- $100 million debenture offering Scott Paper Company- $100 million debenture offering Scott Paper Company- An $8 million Winslow tax exempt Industrial Development Bond Scott Paper Company- $40 million acquisition of The Hoffmaster Company Scott Paper Company- $75 million debenture offering Scott Paper Company- Advisory services for San Cristobal cross-border private placement of debt Scott Paper Company- $70 million private placement of debt Scott Paper Company- $91 million equity offering Scott Paper Company- $44 million sale of the Brown Jordan Company to management led LBO Scott Paper Company- $40 million public debt financing for Westbrook Project Scott Paper Company- Tax exempt public debt financing for Winslow Project Scott Paper Company- $25 million negotiated public debt financing for Winslow Project Scott Paper Company- Tax exempt debt financing for Westbrook Scott Paper Company- Tax exempt debt financing for Maine Scott Paper Company- Project financing for Westbrook Co-Generation Scott Paper Company- Project financing for Winslow Paper Recycling Scott Paper Company- Project financing for tax benefit transfer Scott Paper Company- Tax exempt debt financing Scott Paper Company- $7 million Westbrook Co-Generation Project lease Stelber Industries, Inc.- An $8,157,594 public offering of 709,356 common shares Stelber Industries, Inc.- A private placement of $1 million 9% Senior Notes with Warrants and $2 million 7% Convertible Debentures with Warrants Stelber Industries, Inc.- $5 million private placement of Senior Notes due and $4 million of Class A Preferred Shares Tenneco- $100 million Counce Co-Generation project financing Toll Brothers- $38 million initial public offering Tri-State Radio Paging Company- $5 million long term debt restructuring and an $8 million revolving credit/term debt financing WL Gore & Associates- Tax exempt debt remarketing services WL Gore & Associates- $9 million Delaware/Texas IDB
Restructuring: Alleco Inc.- A successful $150 million debt restructuring advisory assignment involving developing a financial plan and valuation, negotiations with representatives of creditors, a cash tender offer for an $11.7 million defeased Junior Subordinated Debt issue, an exchange offer for $31.2 million Subordinated Debentures and a negotiated settlement on a $115 million contingent liability Convertible Debenture issue Bird Corporation- $60 million corporate restructuring Bird Incorporated- General restructuring advisory services Bird Incorporated- Term debt restructuring Continental Investment Corp.- Dealer Manager of $39 million debt-for-debt exchange offer Millicom Inc.- Financial Advisor to the Special Committee of the Board of Directors in connection with the merger and reorganization with Millicom International Cellular S.A., assisting with negotiations and rendering a Fairness Opinion Oceanic Digital Comm., Inc.– Restructuring of Centennial Digital Jamaica through the acquisition of 51% of Centennial Digital Jamaica and the purchase of the outstanding Revolving Credit and Term Loan for Oceanic Digital Jamaica Resorts International- Advisor to the Government of the Bahamas in connection with the $600 million Resorts International bankruptcy and its impact on Paradise Island and the Bahamas Servam Corporation- Representing Alleco Inc., a contingent creditor, in connection with the $450 million planned restructuring of the liabilities of Servam Corporation that were undertaken in connection with its management LBO Southland Communications, Inc.- Advisory services including a review of strategic alternatives, a successful restructuring of long term debt and specific merger, divestiture and acquisition negotiations
Advisory: Airwave Telecommunications- Advisory assignment in involving negotiations with private equity investors and strategic telecommunications companies on behalf of a Designated Entity participant in the FCC C-Band auctions for PCS spectrum Allegheny International- Advisory services for tax evaluation Armstrong World Industries- Corporate governance advisory services in connection with establishing an ESOP Armstrong World Industries- Corporate governance advisory services in connection with establishing an ESOP Armstrong World Industries- Acquisition of tax benefits through a Tax Benefit Transfer Bird Incorporated- Defensive retainer Booker plc.- Advisory services in connection with acquisition strategy Brown Foodservice Inc.- Advisory services in connection with a review of strategic alternatives for the founding shareholders and company Fresh America Corp.- Advisory services with respect to a specific acquisition target |
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Completed Deals |