Lincoln International Represents Katun Corporation, a Portfolio Company of Bank of America and Svoboda Capital Partners LLC, in its Sale to Monomoy Capital Partners, L.P.
Chicago, IL, September 2, 2008 – Lincoln International, a leading global mid-market investment bank, has announced the sale of Katun Corporation (“Katun”), a portfolio company of Bank of America and Svoboda Capital Partners LLC (“Svoboda Capital”), to Monomoy Capital Partners, L.P. (“Monomoy”), a private investment firm based in New York, New York. Katun was one of two companies that operated as part of PNA Holdings, Inc. With the sale of Katun, Bank of America and Svoboda Capital continue to own Parts Now!, a Madison, Wisconsin-based distributor of new and used printer parts, the remaining asset in PNA Holdings. Lincoln International acted as the exclusive financial advisor to Katun, Bank of America and Svoboda Capital. Terms of the transaction were not disclosed.
Katun is the world’s largest supplier of compatible supplies, photoreceptors and parts to the imaging industry. Headquartered in Minneapolis since its inception in 1979, the Company provides more than 18,000 customers with toner products, photoreceptors and drums for copiers, printers and multifunctional devices from four geographic business units, seven distribution centers and nearly two dozen sales offices located across the globe. Katun employs over 600 individuals and is considered a worldwide leader in OEM compatible consumables.
Lincoln International worked closely with Katun throughout the sale process, from preparing the Company and its management team for the marketing process through confirmatory due diligence and negotiating the final terms of the transaction.
“Lincoln’s close relationship with the management team and deep involvement proved critical in this process,” said Carlyle Singer, President and Chief Executive Officer of Katun. “Their expert advice, hands-on approach and overall persistence ensured the success of this transaction and created an outstanding outcome. We are very pleased with the results of the sale process and excited to partner with Monomoy as Katun begins a new chapter in its 30-year history.”
About Katun Corporation
Headquartered in Minneapolis, Katun Corporation is the world's leading alternate supplier of imaging supplies, photoreceptors, parts and services for the office equipment industry. With nearly three decades of expertise, Katun now serves more than 18,000 customers in 150 countries. For more information, visit Katun online at www.katun.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, UK pension advisory services and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright in China and ICICI Securities, Inc. in India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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