Lincoln International Represents Cyanco, a Portfolio Company of Oaktree Capital Management, in its Refinancing
CHICAGO, IL and NEW YORK, NY, February 16, 2010 – Lincoln International, a leading global mid-market investment bank, announced today the successful refinancing of Cyanco (“Cyanco” or the “Company”), a portfolio company of Oaktree Capital Management (“Oaktree”). Cyanco is a leading manufacturer of specialty chemicals for the mining industry.
Lincoln International acted as exclusive financial advisor to the Company and privately placed $55.0 million of Senior Credit Facilities and $30.0 million of Senior Subordinated Notes. Lincoln International worked closely with Oaktree’s principals and the senior management of Cyanco on all aspects of the transaction, including structuring, marketing and negotiating the financing with the senior and subordinated lenders.
Cass Traub, Vice President of Oaktree, commented, “by utilizing Lincoln International, we were able to significantly leverage our time and improve the efficiency of the financing process for Oaktree. Lincoln’s extensive relationships with senior and junior capital providers generated multiple financing options. This was key to enabling us to maximize certainty of closing and achieve the best available terms for Cyanco.” John Burrows, President of Cyanco, added, “Lincoln International’s involvement and hands-on approach proved invaluable in creating a permanent capital structure to support Cyanco’s continued growth.”
About Cyanco
Cyanco is the leading manufacturer of specialty chemicals for the precious metal (gold and silver) mining industry. Cyanco partners with its customers to manage all aspects of its product’s lifecycle – from manufacturing and delivery to total inventory management and value added services. Cyanco demonstrates the same commitment it has to its customers to the environment, to its employees and to the communities in which it operates. Cyanco was established in 1990 and operates facilities in the U.S. and Canada.
About Oaktree Capital Management
Oaktree (GSTrUE: OAKTRZ) is a premier global alternative and non-traditional investment manager with over $67 billion in assets under management as of September 30, 2009. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, high yield and convertible bonds, specialized private equity (including power infrastructure), real estate, emerging market and Japanese securities, and mezzanine finance. Oaktree was founded in 1995 by a group of principals who have worked together since the mid-1980s. Headquartered in Los Angeles, the firm today has over 580 employees and offices in 14 cities worldwide.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, private capital raising, U.K. pensions advisory services and providing restructuring advice, 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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