Background: IPR, with headquarters outside Philadelphia, is a recognized industry leader offering private cloud and infrastructure as service solutions, cloud-based data protection and management services, and a complete range of managed solutions.
Cassel Salpeter:
Served as financial advisor to the Company
Evaluated financing alternatives and provided assistance throughout the due diligence and closing process
Challenges:
Assisting the new management team in determining the optimal amount of capital needed to implement its growth initiatives
Managing the diligence process of a technology company having legacy assets and a diversified product offering and pipeline
Outcome: In February 2014, IPR International received senior debt financing from Elm Park Capital Management, a private credit-focused investment firm.
https://www.casselsalpeter.com/wp-content/uploads/2016/06/ipr-case-study-logo.png250250roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2014-02-01 17:40:322020-12-08 14:42:35IPR received senior debt financing from Elm Park Capital Management
https://www.casselsalpeter.com/wp-content/uploads/2013/12/FO.jpg866719adminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngadmin2013-12-31 22:46:182014-06-04 16:09:24Frederick’s of Hollywood, December 2013
https://www.casselsalpeter.com/wp-content/uploads/2014/01/FA-CoalView-December-2013.jpg866719adminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngadmin2013-12-31 22:45:472014-01-03 22:46:09CoalView, December 2013
https://www.casselsalpeter.com/wp-content/uploads/2013/11/UpdatedSummitSlide.jpg866719adminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngadmin2013-12-03 17:14:402014-06-12 12:50:29Summit, November 2013
https://www.casselsalpeter.com/wp-content/uploads/2013/09/SafeStitch-August-2013.jpg866719adminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngadmin2013-09-06 19:39:362013-09-06 19:39:36SafeStitch, August 2013
https://www.casselsalpeter.com/wp-content/uploads/2013/09/InteliCoat-August-2013.jpg866719adminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngadmin2013-09-06 19:39:082013-09-06 19:39:08InteliCoat, August 2013
Background: Headquartered in South Hadley, Massachusetts, InteliCoat develops and markets high-performance imaging products, custom coatings, and laminates, offering digital imaging substrates; fine art and photo media products; digital fine art media products; ink jet media products for the reprographics market; and ink jet proofing media products.
Cassel Salpeter:
Served as financial advisor to the Company
Ran a competitive sales process, identifying and contacting over 50 strategic and financial parties
Challenges:
Deteriorating economics and declining industry dynamics
Changing business model created legacy liabilities with respect to prior manufacturing facilities and lease obligations
Outcome: In August 2013, InteliCoat Technologies Digital Imaging Holdco, Inc., an affiliate of Sun Capital Partners, Inc., was sold to Exopack Holding Corp., an industry leader in precision-coated papers, films, and specialty substrates, based in Spartanburg, SC.
https://www.casselsalpeter.com/wp-content/uploads/2017/06/casestudylogo-intellicoat.jpg250250roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2013-08-01 17:42:182020-12-08 14:42:41InteliCoat Has been acquired by Exopack Holding Corp.
Background: Headquartered in Poughkeepsie, New York, Gilman Ciocia provides financial planning, accounting, income tax preparation, and asset management services in the U.S. Specifically, the Company provides financial planning services to individual investors, tax preparation services to individuals in the middle and upper income tax brackets and accounting services to small and midsize companies.
Cassel Salpeter:
Served as financial advisor to the Company
Ran a competitive sales process, identifying and contacting over 70 strategic and financial parties
Issued a Fairness Opinion in connection with the transaction
Challenges:
Positioned a unique public company with formally combined financial planning and tax preparation services on the same premises
Maximized value and provided an exit for private equity investors and shareholders, while maintaining stability amongst financial planners and tax professionals
Outcome: In October 2013, Gilman Ciocia, Inc. merged with National Holdings Corporation, a financial services organization based in New York, NY.
https://www.casselsalpeter.com/wp-content/uploads/2017/06/casestudylogo-gilman.jpg250250roaradminhttp://www.casselsalpeter.com/wp-content/uploads/2021/05/CS-Logo-for-Assets-Post-10-Year-Branding_Website_04.28.21_Draft01.pngroaradmin2013-06-01 17:41:402020-12-08 14:42:49Gilman Ciocia merged with National Holdings Corporation