Senior Debt Financing

Industrial
Senior Debt Financing

Summary

Baird served as financial advisor to Nova Wildcat Amerock LLC on this transaction

About

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.
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Industrial
Senior Debt Financing
Date
October 2018
Company
Nova Wildcat Amerock LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America

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