P&M Corporate Finance Wins "Manufacturing Deal of the Year" Award
12/21/2010
CHICAGO, Illinois — P&M Corporate Finance, LLC was named winner of the “Manufacturing Deal of the Year” award for advising Hillenbrand, Inc. (NYSE: HI) on its acquisition of K-Tron International, Inc. (NASDAQ-GS: KTII) at the Americas M&A Atlas Awards Gala Ceremony in New York City.
“We are very honored to have received this recognition and it further validates our commitment to being a leading buy-side advisor to middle market companies,” said Scott George, managing director of P&M Corporate Finance. “The K-Tron acquisition was an important step in Hillenbrand's objective to become a more global and diversified manufacturing company, and we were pleased to have been able to play a key role in supporting our client in this milestone transaction.”
The Hillenbrand transaction was completed on April 1, 2010 for approximately $435 million. It resulted in a number of notable achievements for P&M Corporate Finance, including closing the largest deal in its history and serving, for the first time, as exclusive financial advisor in a transaction involving two publicly traded companies. P&M Corporate Finance helped identify the target company, served a lead negotiating role, and provided guidance related to deal positioning with institutional investors. In addition, P&M Corporate Finance also issued a fairness opinion to Hillenbrand. Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Hillenbrand.
The Americas M&A Atlas Awards is part of the M&A Atlas Awards global brand, and exclusively honors top deals, dealmakers and firms from North and South American mid-market mergers and acquisitions communities. The Awards Advisory Group evaluated 870 eligible transactions for the overarching middle market category based on performance metrics, such as deal novelty and structure, sector and market complexities, jurisdictional intricacies, professional leadership, brand strength, and resourcefulness, among others.
About P&M Corporate Finance
P&M Corporate Finance, LLC is a middle market investment bank providing merger & acquisition advisory services to companies in North America and Europe. PMCF provides public and privately-owned companies and private equity firms with a broad range of services including sale and acquisition advisory, capital raising, fairness opinions and strategic advisory. Through its offices in Chicago and Detroit, the firm has dedicated industry teams providing services to the business services, medical technology, diversified industrial and plastics & packaging industries.