Asset Control International B.V.– Case Study

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Assignment:

Berkery Noyes was retained by the owner of Asset Control to find either a buyer or majority investor for the company. Owner required that buyer or investor furnish a new CEO to replace him, at close.

Company:

Asset Control — The Company is the world’s leading provider of Centralized Data Management (“CDM”) to financial industry firms.

Results and Contributions:

  • Successfully closed a transaction with a financial sponsor who made a majority investment
  • Sponsor furnished the former head of Reuters North America as the new CEO
  • Seller was named Chairman post-transaction and retained a modest minority ownership position in the newly re-capitalized enterprise
  • Other considerations to buyer:
    • In addition to seeking a majority investor, Seller was also engaged in a number of significant commercial deals with key market participants; BNC successfully managed to keep the activities distinct
    • Achieved proper tax treatment for all selling shareholders across multiple jurisdictions
    • Creative transaction structure to bridge both parties’ key concerns

If you’re considering growth through acquisition, the sale of a business, a timely exit strategy, or a financial restructuring, call Managing Directors Peter Ognibene, Dick O’Donnell or John Guzzo. at 212.668.3022.