Core Systems
A leading contract manufacturer and assembler of highly-engineered plastic molded parts and components for large appliance manufacturers.
Engagement Goals
Brookwood assisted Core Systems in executing a private capital raise to facilitate future growth.
Engagement Process and Outcomes
The Challenge – Core desired to purchase a minority shareholder’s equity interest in a very short period of time and to raise additional funds to support the firm’s rapid growth.
Brookwood’s Role – In this transaction, Brookwood recommended a subordinated debt capital raise, assisted the company in structuring, marketing and presenting the financing to a select group of institutional investors and obtained multiple proposals, resulting in a wide range of economic terms.
Excellent Result – Brookwood negotiated the transaction with 6% dilution, with one-third of the proceeds used to cash-out an existing 25% shareholder. Brookwood's engagement team closed the transaction in fewer than 75 days.
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Core Systems - raised subordinated debt financing from Prairie Capital for this manufacturer highly engineered plastic molded parts and components
www.coresystemsllc.com
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"Brookwood proposed a creative financing option, found us an excellent investor in Prairie Capital, and achieved a result that exceeded my expectations. They created value far in excess of their fees."
Jim Glenn CEO, Core Systems |
