Promontory Point Capital is bullish about 2013's deal activity level and is pleased to announce our most recent client success.
Cooperative Resources International is one of the world’s largest global genetics organizations providing superior bull cattle genetics to dairy and beef producers in over 60 countries across the globe. With international sales and acquisitions changing CRI’s financial profile and asset locations, the Company’s financing needs evolved. The Cooperative engaged PPC to evaluate financing alternatives to support the business’s worldwide expansion. Important considerations for the Cooperative included asset collateral utilization on a worldwide basis, multi-year facilities, cost of funds, and the ability to react quickly to acquisition funding needs when they arise. While PPC solicited a number of financing options for the Cooperative’s consideration, a multibank borrowing arrangement led by JPMorgan Chase ultimately resulted in the most cost effective funding solution with flexibility to expand. The new financing structure arranged by Promontory Point Capital successfully aligns a global animal genetics company with a global financial partner and our client is now well-positioned to achieve their growth objectives and international funding needs for 2013 and beyond.
Promontory Point Capital
is a Milwaukee-based investment banking
boutique focused on the needs of Midwestern privately-held businesses. Since 2003, our firm has helped over 80 companies explore financial and strategic alternatives for their business including the arrangement of debt and equity financing, the evaluation of business sale or recapitalization options, or the planning and execution of growth strategies involving acquisition, merger, or joint venture.
Situations where we have been helpful include:
- Business owners and management teams wishing to better understand
their options for exploring a full or partial sale of their business, a shareholder recapitalization, or the acquisition of another entity.
- Financing needs encompassing bank financing, subordinated debt, and/or equity capital ranging from $5MM to $100MM to fund activities such as internal growth, expansion, shareholder redemptions, some level of senior debt repayment, or acquisitions.
We welcome your confidential inquiry and encourage you to visit our website at
www.promcp.com for more information on our firm's capabilities and other client successes.
322 East Michigan Street, Suite 500
Milwaukee, WI 53202