Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
October 2018
Company:
Nova Wildcat Amerock LLC
Description:
Senior Debt Financing
Sector(s):
Industrial
Baird served as financial advisor to Nova Wildcat Amerock LLC on this transaction

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.

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.

For additional information about this transaction, please contact:

Anne-Marie Peterson +1-646-557-2334
Chris Cooper +1-704-553-6610
Chris Coetzee +1-312-609-4913
Julien Darmon +44-20-7667-8415
Eric Stetler +1-312-609-7022
Sean Dunn +1-312-609-4962