| Atlanta, GA, July 1, 2005 | |||||||||||||||||
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| Caymus Partners LLC Advises Shareholder on the Recapitalization of Northern Safety Company, Inc. | |||||||||||||||||
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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. More information can be found at www.caymuspartners.com. |
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Caymus Partners LLC is pleased to announce that it has advised the 50% shareholder of Northern Safety Company, Inc. (“Northern Safety” or the “Company”) in the successful recapitalization of the Company. Caymus Partners successfully completed the private placement of $32.5 million, consisting of a senior credit facility, senior subordinated notes and preferred equity, which was used to purchase the remaining 50% of the Company not already owned by Caymus Partners’ client. The remaining 50% ownership interest was acquired as part of a New York Supreme Court-run process in which the Company was sold in a live auction. Caymus Partners was the exclusive advisor on this transaction, which was valued at $55.4 million. Caymus Partners contacted 95 senior lenders, mezzanine investors and private equity investors within one week. A total of 18 term sheets were generated, resulting in very attractive terms for Caymus Partners’ client, now the majority shareholder of the Company.3475 Lenox Road, Suite 650
Atlanta, GA 30326
(404) 995-8300
17th Floor
New York, NY 10022
(212) 755-3600
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