Deal Details
Amerock Completes Debt Refinancing
Summary
Nova Wildcat Amerock LLC (“Amerock” or the “Company”), a portfolio company of Nova Capital Management Limited (“Nova”), recently completed a new senior debt financing (the “Financing”), which consisted of a term loan and a revolving credit facility. Proceeds will be used to repay existing debt and fund a dividend to shareholders.
Baird served as financial advisor to Nova Wildcat Amerock LLC on this transaction.
About
Amerock is a specialty provider of decorative and functional hardware for residential kitchens, baths and bedrooms with strong brand recognition and a leadership position in its large addressable market. The Company’s branded products are sold through Co-Op retail, distribution, eCommerce and showroom channels. Amerock was founded in 1929 and is based in Huntersville, North Carolina.Nova is a pioneer in portfolio buy-outs, specializing in acquiring multiple businesses in a single transaction from corporate or financial sellers. Since its foundation in 2002, Nova has executed international transactions with a value of over $1.7 billion from offices in Chicago and London. Nova acquired Amerock in 2013 as part of a portfolio of hardware businesses purchased from Newell in a $200+ million transaction. Since then, Nova has helped transform the Company through the implementation of a new management team, a revitalized sales and marketing strategy and an enhanced focus on new product development.
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- Date
- October 2018
- Company
- Nova Wildcat Amerock LLC
- Transaction
- Private Capital Markets
- Sectors
- Industrial
- Verticals
-
Building & Infrastructure
- Target Geography
- North America
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