& Co. Assists Toyota Tsusho America, Inc. on Sale of Two Separate
FOR IMMEDIATE RELEASE
Westport, CT, April 25, 2006 –
Knox & Co., a leading investment bank for middle-market and
cross-border mergers and acquisitions announced that it acted as
financial advisor to Toyota Tsusho America, Inc. ("TTAI")
for its recent sale of all rights, title and interest in two separate
distressed debt positions.
One claim in Delphi Automotive Systems, LLC, was sold to Hain capital
Holdings, LLC. The other claim in Dana Corporation and its subsidiary,
Torque-Traction Integration Technologies, LLC, was sold to JPMorgan
Chase Bank, NA. Frederick A Rossetti, Managing Director with Knox
& Co. was lead banker on both transactions.
TTAI is a long time investment banking client of Knox & Co.
For this particular assignment, Mr. Rossetti developed appropriate
bid procedures and marketed the strategic claims to a number of
firms who invest in similar positions in the ordinary course. Mr.
Rossetti commented, "When Toyota Tsusho requested that we undertake
this assignment, we immediately went to the market with the debt.
The response was extremely positive, and we secured what we believe
was maximum value for our client."
Knox & Co. is an investment banking, consultancy and advisory
firm specializing in two complementary advisory disciplines: Investment
Banking and Corporate Reorganization. The firm undertakes assignments
throughout North American and, when necessary, abroad. Knox &
Co. conducts its securities-related business through its wholly
owned subsidiary, Knox Securities Corp., member NASD. In addition,
the firm enjoys strategic alliances with major Asian financial institutions,
including Mitsubishi UFJ Securities Co., Ltd.
Knox & Co. (www.knoxandco.com)
has advised on more than 150 middle-market merger and acquisition
an financial advisory assignments since its inception.
Federick A. Rossetti