Goldsmith Agio Helms Completes the Sale of Katun Corporation16 Jul, 2002
Goldsmith Agio Helms Completes the Sale of Katun Corporation
Goldsmith Agio Helms announced the completed sale of its client, Katun Corporation ("Katun"), to a group of investors led by Banc of America Capital Investors (BACI), Svoboda, Collins LLC, ("SC") and management.
In 1999, BACI and SC acquired Parts Now!, a leading independent distributor and remanufacturer of new and refurbished printer parts. Following the closure of the Katun acquisition, Katun and Parts Now! will be managed separately but affiliated under a single holding company.
Michael F. McFadden, managing director and partner of Goldsmith Agio Helms, commented, "The transaction represents an exciting fit for both Katun and BACI/SC. The combination of Katun, a leading supplier to the copier market, and Parts Now!, a leading supplier to the printer market, creates a powerful business equipment service parts supplier to both industries with expected combined revenues of nearly $500 million in the current fiscal year -- an enviable position to be in as the copier and printer markets continue to converge."
Katun Corporation, headquartered in Minneapolis, Minnesota, is the world's leading aftermarket distributor of imaging supplies, photoreceptors and parts, as well as a leading manufacturer of fuser rollers and other select products, for the business equipment industry. The company serves more than 19,000 customers in more than 170 countries.
Banc of America Capital Investors, Chicago, Illinois, invests private equity and mezzanine capital on behalf of Banc of America. It is a leading provider of equity and mezzanine financing for corporate acquisitions, recapitalizations and growth financings. Since its founding in 1989, Banc of America Capital Investors has invested more than $1.5 billion in more than 160 companies.
Svoboda, Collins LLC, headquartered in Chicago, Illinois, is a private equity firm focused on identifying, investing in, and building excellent service, and distribution companies. It is currently investing its $150 million fund.
Parts Now!, headquartered in Madison, Wisconsin, is the largest computer printer parts distributor in the world and carries the most extensive inventory in the industry. The company is the world's largest supplier of HP, Lexmark and Canon printer parts, and has 230 employees worldwide.
Goldsmith Agio Helms (www.agio.com) is the nation's leading private investment banking firm that specializes in representing sellers of public and private middle market businesses, having completed more than one hundred transactions in the past three years. The firm provides sell-side M&A advisory, distressed company advisory, special purpose valuations, fairness opinions, and private placement services through its offices in Minneapolis, New York, Chicago, Los Angeles, and Naples, Florida.