| Atlanta, GA, November 28, 2005 | |||||||||||||||||
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| Caymus Partners Honored as a Finalist for Recapitalization of Northern Safety | |||||||||||||||||
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Caymus Partners advised the former 50% shareholder in the successful recapitalization of Northern Safety. As part of the recapitalization, Caymus Partners successfully raised $32.5 million, consisting of a senior credit facility, senior subordinated notes and preferred equity, which was used to purchase the remaining equity interest in the Company. Caymus Partners was the exclusive advisor on the transaction, which was valued at $55.4 million. Caymus Partners contacted 95 financing sources and generated 18 term sheets, which resulted in very favorable terms for Caymus Partners' client, now the majority shareholder of the Company. A case study and press release on the transaction are available on Caymus Partners' website. About Northern Safety Northern Safety is a leading designer, manufacturer and distributor of safety and industrial products and protective wear with more than $50 million in revenues. Northern Safety has recognized double-digit revenue growth in all but two years since the Company’s founding over 20 years ago. The Company distributes 13,000 SKUs, including its own proprietary branded products.About Caymus Partners With offices in Atlanta and New York, Caymus Partners is a leading middle-market investment banking firm, providing merger and acquisition advisory services, private placements and other financial advisory services. Combined, the firm's senior bankers have more than 65 years of experience and have closed over 250 transactions. Securities are offered by our affiliate, Caymus Securities LLC, which is licensed by the NASD and a member of the SIPC. More information can be found at www.caymuspartners.com. |
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Caymus Partners LLC is pleased to announce that the recapitalization of Northern Safety Company, Inc. ("Northern Safety" or the "Company"), which closed in June of this year, is a finalist for Financing Deal of the Year in the 4th Annual Awards program sponsored by The M&A Advisor, a leading monthly newsletter that serves buyers and sellers in the middle market. The winner will be announced December 5, 2005 at a formal dinner in New York City.3475 Lenox Road, Suite 650
Atlanta, GA 30326
(404) 995-8300
17th Floor
New York, NY 10022
(212) 755-3600
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