Knox & Co. advises SND Electronics on its sale
of its Information Technology Subsidiary
PRESS RELEASE
FOR IMMEDIATE RELEASE
Westport,
CT, October 28, 2008 – Knox & Co., a leading
investment bank for middle-market and cross-border mergers and acquisitions
announced today that it acted as financial advisor to the Former
SND, Inc. f/k/a SND Electronics Inc., (“SND”) on its
sale of its Brazilian subsidiary, S.N.D. Distribuição
de Produtos de Informática Ltda. (“SND Brazil”),
to First Alliance and Capital Invest A.G. SND has been operating
under Chapter 11 in the United States Bankruptcy Court, District
of Connecticut, New Haven Division. The sale of SND Brazil was conducted
pursuant to Section 363 of the U.S. Bankruptcy Code.
SND Brazil is headquartered in Sao Paulo,Brazil. It is the leading
distributor of personal computer (“PC”) components,
software and peripherals and value-added service. SND Brazil distributes
these PC products to many of the premier suppliers of computer hardware,
networking equipment and software, maintaining direct relationships
with vendors such as Microsoft Corporation, Samsung Corporation
and LG Electronics, Inc. The Company had sales for its most recent
fiscal year-end in excess of US$140 million.
“Over the last few years, the lower half middle-market has
become an increasingly global marketplace. This transaction is a
perfect example, combining a U.S.bankruptcy proceeding, a European
buyer and a Latin American seller. It is transactions like this
where Knox can add significant value to its clients,” noted
Frederick Rossetti, Managing Director. “We would also like
to thank our Brazilian partner on this deal, Brasilpar Serviços
Financeiros Ltda. Mr. Alberto Ortenblad was instrumental in facilitating
the closing of the transaction from Sao Paulo.” Matthew Andrejkovics,
Vice President also assisted in the completion of this transaction,
the terms of which were not announced.
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 America and abroad. Knox & Co. conducts its
securities-related business through its wholly owned subsidiary,
Knox Securities Corp., member FINRA. In addition, the firm enjoys
a number of international strategic alliances including a 15 year
relationship with Mitsubishi UFJ Securities Co., Ltd.
Knox & Co. (www.knoxandco.com)
has advised on more than 200 middle-market merger and acquisition
and financial advisory assignments since its inception.
Contact:
Contact:
Frederick A. Rossetti
203-226-6288 (x111)
frossetti@knoxcorp.com
Knox & Co.
33 Riverside Avenue
5th Floor
Westport, Connecticut 06880
Phone: 203-226-6288
Fax: 203-226-8022
www.knoxandco.com
|