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Strauss Capital Partners’ management team has played a leading financial advisory role in numerous transactions over a period of almost 25 years. Our many completed transactions attest to our ability to meet the needs of our clients -- time and time again.
Listed below are some of the industries we have served and transaction structures in which we have been involved:
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Airline |
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Sale to Strategic Purchaser |
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Automotive |
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Sale to Private Buyer |
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Book Publishing |
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Recapitalization |
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Broadcasting |
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Acquisition |
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Chemicals |
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Initial Public Offering |
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Commercial Bank |
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Secondary Equity Offering |
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Commercial Finance |
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Private Placement |
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Consumer Finance |
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Private Debt Financing |
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Consumer Products |
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Public Debt Financing |
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Credit Card Processing |
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Mezzanine Debt Financing |
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Defense |
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Fairness Opinion |
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Internet Marketing |
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Valuation |
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Magazine Publishing |
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Venture Capital |
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Manufacturing |
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Oil & Gas |
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Software Services |
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Financial Technology Integrators, LLC - Completed
Acquired by the Wealth Management Business of SunGard
FTI, founded in 1999, has been a fast-growing provider of ASP-based financial service applications for the bank, trust and investment management community. The company offers portfolio management, pre-trade compliance, regulatory compliance, integrated performance reporting and modeling systems to its customers in a Web services environment. Strauss Capital was engaged while FTI was contemplating the sale of the company and assisted in structuring the proposed transaction and introducing the company to other potential acquirers.
SunGard, with annual revenues exceeding $4 billion, is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies.
B2E Corporation – Completed
Acquired by Wellmark International, a subsidiary of Central Garden & Pet
B2E Corporation specializes in the formulation and commercial development of environmentally neutral chemical materials that are used to protect products, people and animals. It recently launched a new line of innovative mosquito and other insect control products for the commercial market. For over a year, Strauss Capital provided general financial and strategic advisory services to B2E as it was building its business and considering a sale. During the first year of its engagement, Strauss Capital assisted in arranging debt financing for the company. In mid-2007, B2E was sold to Wellmark, a subsidiary of Central Garden & Pet. Central, founded in 1955 and based in Walnut Creek, CA, engages in the production and marketing of products for the lawn and garden, and pet supplies industries in the United States. The company, with revenues of $1.7 billion, has 4,670 employees. Strauss Capital acted as financial advisor to B2E and two related companies, B2E Biotech LLC and B2E Microbials LLC, in connection with the transaction.
Dune Energy, Inc. – Completed
Financing, Reverse Merger and Acquisition of Goldking Energy Corporation
Dune Energy, Inc. is an independent exploration and development company, with operations focused along the Louisiana/Texas Gulf Coast and the North Texas Fort Worth Basin Barnett Shale. In 2003, members of Strauss Capital raised $1.5 million into a private partnership. That private partnership, called Dune Energy, was merged with a shell and became a public company. We then found an offshore company, Itera, which invested $20 million in Dune specifically to drill and develop certain oil and gas properties in South Texas. Subsequently, we brought Dune to the American Stock Exchange. In 2007, Dune acquired, in a $500 million transaction, the assets of Goldking Energy, so that today Dune has an enterprise value of close to $1 billion. Dune is expected to continue to exploit its existing asset base, seek accretive acquisitions, and enter into additional joint venture drilling programs.
Yellow Book Corp. – Completed
Acquired by Multi-Local Media
Yellow Book USA, Inc. publishes print and online yellow pages directories in the United States. The company was founded in 1930 and is based in Uniondale, NY with additional offices in Boynton Beach, Florida; Buffalo Grove, Illinois; Irvine, California; King of Prussia, Pennsylvania; Uniondale, New York; Birmingham, Alabama; and Cedar Rapids, Iowa. Management of Strauss Capital initially advised the company’s founders on the sale of the company to Three Cities Research, a New York based private equity group. Further advice was provided on behalf of Three Cities on the subsequent sale of the company to Multi-Local Media as well as on a going public transaction (IPO) led by Lehman Bros.
Sirsi Corporation – Completed
Acquired by Seaport Capital
Headquartered in Huntsville, Alabama and founded in 1979, Sirsi Corporation develops, sells, and supports a comprehensive integrated suite of software solutions for meeting the information management and sharing needs of libraries and library users around the world. Sirsi solutions serve more than 10,000 libraries in the Americas, Europe, Africa, the Middle East, and Asia-Pacific. Strauss Capital arranged the financing, including senior debt, mezzanine debt and equity, for the purchase of the company in a $55 million LBO and structured the terms of the transaction.
Founded in 1997, Seaport Capital is a private investment firm with $400 million of capital under management. With over 75 years cumulative experience investing in middle market companies, the firm provides equity capital for growth, recapitalizations and buyout opportunities for media, communications, and information and business services companies with market capitalizations under $200 million.
Barclays Commercial Corporation – Completed
Sale to CIT Group
The company, founded in Charlotte, NC in 1946 as a factor to middle-market manufacturers, was acquired by Barclays Bank PLC in 1979. At the time of its sale to CIT Group, the company had grown to become the 5th largest factor in the US based on total volume of $4.7 billion, accounting for 8.8% of total industry volume. Management of Strauss Capital provided financial advisory services in connection with its sale. Over twenty-five prospective purchasers were contacted, ultimately resulting in a winning bid by CIT to acquire the company.
CIT is a leading, global source of factoring, financing and leasing capital and an advisor for companies in more than 30 industries. It manages $50 billion in assets across a diversified portfolio. CIT’s Commercial Services division, of which Barclays Commercial is the cornerstone, is today probably the largest provider of factoring, credit protection and related accounts receivable management and lending services in the world.
Abaris Books Inc. – Completed
Sale to private investor group
This book publisher, founded in 1973, specializes in the publication of art reference books. It is probably best known for its multi-volume “The Illustrated Bartsch,” a revision of a standard reference work by Adam Bartsch on European prints from the 14th through 19th centuries. Upon the death of its founder, management of Strauss Capital provided advice, initially relating to the restructuring of the company and then relating to its sale. Services provided included identifying the purchaser and negotiating all terms of the transaction.
Military Connector Manufacturer – Pending
Recapitalization – Growth Capital
This privately-held company is a leading manufacturer of connectors and related parts and equipment for military communications applications. With over 100 employees and an excellent management team, this company is recognized for its high quality standards and its ability to provide mil-spec products competitively and on-time. The company has compiled a long history of revenue growth and quality earnings, achieving record revenues in excess of $40 million in 2007. Strauss Capital has been engaged by the Company to provide financial advisory services relating to a potential transaction.
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