Firm Announcements
Cassel Salpeter & Co. is an Independent Investment banking firm that provides advice to middle-market and emerging growth companies.
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Cassel Salpeter & Co.
801 Brickell Avenue,
Suite 1900
Miami, FL 33131
(305) 438-7700
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Cassel Salpeter & Co. LLC Represents Convert IT Marketing LLC, in its Sale to Abbey Road Capital LLC
/in Firm Annoucements /by roaradminCassel Salpeter & Co., an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide, today announced that it served as exclusive financial advisor to Sancilio Pharmaceuticals Company, Inc., debtor-in-possession in a Chapter 11, in two sales pending in Delaware.
Cassel Salpeter & Co. Advises Sancilio Pharmaceuticals, Debtor in Chapter 11 Sale of Business Assets
/in Firm Annoucements /by roaradminCassel Salpeter & Co., an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide, today announced that it served as exclusive financial advisor to Sancilio Pharmaceuticals Company, Inc., debtor-in-possession in a Chapter 11, in two sales pending in Delaware.
Cassel Salpeter & Co. Acts as Exclusive Financial Advisor in Sale of CORD:USE
/in Firm Annoucements /by roaradminCassel Salpeter & Co., LLC, a middle-market investment banking firm providing merger, acquisition, divestiture and corporate finance services, represented CORD:USE Cord Blood Bank (“CORD:USE”) in its sale to Cryo-Cell International, Inc. (“Cryo-Cell”).
Cassel Salpeter & Co. Secures Senior Debt Financing for Lakewood Organics
/in Firm Annoucements /by roaradminCassel Salpeter & Co., LLC, a middle-market investment banking firm providing merger, acquisition, divestiture and corporate finance services, represented Florida Bottling, Inc. d/b/a Lakewood Organics (“Lakewood”) in securing senior debt financing from Fifth Third Bank. The financing will support numerous growth initiatives.
Cassel Salpeter & Co. Represents Systems 2000, Inc in its Sale to Serent Capital
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, represented Systems 2000, Inc. (“Sys2k”) in its sale to Serent Capital. The acquisition will enable Serent Capital to broaden its portfolio of system-of-record software businesses and automobile technology investments.
Cassel Salpeter & Co. Represents Austin-based Software Company, Trucker Path, Inc. in its Sale to Renren, Inc.
/in Firm Annoucements /by roaradminCassel Salpeter & Co. served as exclusive financial advisor to Austin-based Trucker Path, Inc., a leading software platform for the trucking industry, on its sale to Renren, Inc. (NYSE: RENN). This deal represented Cassel Salpeter’s third technology transaction in 2017.
Cassel Salpeter & Co. Represents Norquay Technology in its Sale to MPD Chemicals
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, represented Norquay Technology, Inc. (“Norquay”) in its sale to MPD Chemicals (“MPD”), a portfolio company of Addison Capital Partners.
Cassel Salpeter & Co. Represents Diversified Aero Services, Inc. (“DASI”) with Growth Capital Financing
/in Firm Annoucements /by adminCassel Salpeter & Co., served as exclusive financial advisor and facilitated a growth capital financing for Diversified Aero Services, Inc. (“DASI”) by an undisclosed, global investment firm.
Cyalume Technologies Holdings, Inc. to Be Acquired by an Affiliate of Arsenal Capital Partners
/in Firm Annoucements /by roaradminCyalume Technologies Holdings, Inc. (OTCQB:CYLU) today announced the signing of a definitive agreement and plan of merger, pursuant to which Cyalume will be acquired by an affiliate of Arsenal Capital Partners in an all-cash transaction.
Steel Partners Ltd. to Acquire Remaining Outstanding Shares of Ore Holdings, Inc.
/in Firm Annoucements /by adminSteel Partners Ltd. (“Steel”) the owner of approximately 60% of the outstanding Common Stock of Ore Holdings, Inc. (“Ore”, Pink Sheets: ORXE) and all of the outstanding Series A Convertible Preferred Stock of Ore, together representing approximately 93% of the outstanding Common Stock of Ore on an as converted basis, has agreed to acquire the remaining issued and outstanding shares of Ore pursuant to a definitive Agreement and Plan of Merger (the “Merger Agreement”) entered into today by and among Ore, Steel and Ore Merger Sub, Inc., an entity controlled by Steel (the “Merger Sub”).
Las Olas Venture Capital Announces Investment in ReloQuest
/in Firm Annoucements /by roaradminLas Olas Venture Capital announces an investment in ReloQuest, the first-of-its-kind cloud-based platform that provides an independent, unbiased and fully transparent resource for global mobility clients and individuals in need of sourcing temporary housing, serviced apartments, and hotels.
Heat Biologics Announces Agreement to Acquire Pelican Therapeutics
/in Firm Annoucements /by roaradminHeat Biologics, Inc. (“Heat”) (Nasdaq:HTBX), a leader in the development of immunotherapies designed to activate a patient’s immune system against cancer, announced that the company has entered into a definitive agreement with the holders of 75.5% of the outstanding capital stock of Pelican Therapeutics, Inc. (“Pelican”) to acquire an 80% controlling interest in Pelican.
Cassel Salpeter & Co. Represents Boxycharm in Successful Follow-on Investment by KarpReilly
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm, today announced that Connecticut private equity firm KarpReilly LLC has invested additional capital in Boxycharm, an option in the successful deal completed by Cassel Salpeter earlier this year.
Tecogen to Acquire American DG Energy
/in Firm Annoucements /by roaradminTecogen Inc. (NASDAQ: TGEN) (“Tecogen”) and American DG Energy Inc. (NYSE MKT: ADGE) (“American DG”) today announced that their Boards of Directors unanimously approved a definitive agreement under which Tecogen will acquire all of the outstanding shares of American DG in a stock-for-stock merger.
Cassel Salpeter & Co. Represents Reservations.com with Capital Raise
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, represented Reservations.com in a capital raise. The investment enables the company to continue to expand its business and online hotel booking platform.
Cassel Salpeter & Co. Represents Lang Group in its Sale to IG Design Group
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, represented Lang Companies in its sale to IG Design Group plc (formerly International Greetings plc).
Cassel Salpeter & Co. Represents Avenger Flight Group with Growth Capital Financing
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, served as exclusive financial advisor and facilitated a growth capital financing for Avenger Flight Group. The investment will enable the company to expand its services and geographic reach.
Cassel Salpeter & Co. Adds Noted Healthcare Investment Banker Ira Z. Leiderman as Managing Director, Healthcare
/in Firm Annoucements /by roaradminCassel Salpeter & Co., a middle-market investment banking firm providing financial advisory services, has added Ira Z. Leiderman as Managing Director. Leiderman is noted as a highly experienced healthcare investment banker and executive.
NephroGenex, Inc. Commences Voluntary Chapter 11 Proceeding; Seeks To Initiate Sale Process Under Section 363
/in Firm Annoucements /by roaradminIn connection with its decision to seek Chapter 11 protection, NephroGenex has retained the investment banking firm of Cassel Salpeter & Co., LLC, to assist with the anticipated sale of its assets through a sale process under Section 363 of the Bankruptcy Code. To that end, NephroGenex anticipates that it will seek approval by the Court of appropriate bidding and sale procedures in the early weeks of its Chapter 11 case.
Cassel Salpeter & Co. Represents Boxycharm in Recapitalization
/in Firm Annoucements, News /by adminCassel Salpeter & Co., a middle-market investment banking firm providing capital raising services as well as merger, acquisition, divestiture and corporate finance services, served as exclusive financial advisor and facilitated a capital raise to recapitalize Boxycharm, a monthly beauty box subscription service providing high-end beauty and cosmetic products.