Initial Public Offering

Industrial
Initial Public Offering

Summary

Baird served as a co-manager in this offering.

About

Tower International, Inc. (“Tower” or the “Company”) (NYSE:TOWR) recently completed an initial public offering of 6,250,000 shares of its common stock at a price of $13.00 per share. The offering generated approximately $81 million of gross proceeds for Tower. The Company intends to use the net proceeds from the offering for repayment of outstanding indebtedness, working capital and other general corporate purposes. The underwriters will have the option to purchase up to an additional 937,500 shares to cover over-allotments.

Tower, a portfolio company of Cerberus Capital Management, is a leading integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive OEMs. The Company offers its automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures, as well as complex welded assemblies, for small and large cars, crossovers, pickups and SUVs. Tower also recently entered the utility-scale solar energy market with an agreement to supply large stamped mirror-facet panels and welded support structures.

The Baird team included our dedicated industry bankers and members of our Financial Sponsor and Equity Capital Markets groups.

For additional information about this transaction, please contact:

Tom Lacy (414) 298-7648
Adam Czaia (414) 298-7358
Jeff Seaman (312) 609-4687
Industrial
Initial Public Offering
Date
October 2010
Company
Tower International, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

Share