Case Study #1
A Trusted Advisor for Deals Big and Small
Summary: CoView Capital brought in to close the deal Client: New World Network was successfully sold to Columbus Communications, Inc. Transaction: Columbus Communications, Inc. closed its acquisition of CoView’s client, New World Network, for an undisclosed amount. New World Network is the majority owner of ARCOS-1, a $450 million, 8,400 kilometer undersea fiber optic cable connecting the U.S., Central America, South America and the Caribbean. Why CoView Made a Difference: New World Network originally retained a global investment bank to conduct a sale process. After failing to close a transaction, New World Network reached out to CoView Capital’s senior leadership to provide them the focused attention and experience of senior bankers. CoView successfully introduced Columbus Communications as the buyer and advised New World Network through closing.
Case Study #2
Capturing Full Value for a Well Known Brand
Summary: Capturing full value for a well-known brand Client: Celestron International, Inc. was successfully sold to Tasco Holdings Transaction: Tasco Holdings closed its acquisition is a leading manufacturer of high-end telescopes. The company received an unsolicited acquisition offer from a foreign entity. The parent, Diethelm Holding, immediately engaged CoView Capital to evaluate the offer and determine a course of action.
After extensive analysis, CoView concluded that the offer did not reflect the full value of the business. CoView confidentially approached other potential buyers and received several letters of interest.
Following extensive negotiations with several parties, the business was sold at a premium price to Tasco Holdings. Why CoView Made a Difference: CoView Capital ran an efficient and tightly controlled auction process that forced potential buyers to increase their bids, greatly increasing the value paid for the well-known brand.