InteliCoat Has been acquired by Exopack Holding Corp.
- 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.
Gilman Ciocia merged with National Holdings Corporation
- 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:
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- 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.
Entrepreneurship & Venture Capital in Florida
Venture Capital sources in Florida include both local “Angel” or early-round investors and Venture Capital firms that invest in the state. Many of the latter are located in Florida but many others are located outside the state but have shown an interest in investing in the life sciences in Florida.
All investors focus on certain types of business and specific geographies, and they clearly state their investment focus on their website, so you should investigate that before contacting them.
