Avondale Partners Completes More Than $2.0 Billion of Investment Banking Transactions & Assignments in 2007.NASHVILLE, Tenn. -- Avondale Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control completed more than $2.0 billion of investment banking transactions and assignments in 2007, announced Jeff Nahley, senior managing partner and head of the investment banking group at Avondale Partners. Avondale is a national investment banking firm headquartered in Nashville. 2007 marked Avondale's sixth consecutive year of record performance in the investment banking group since the firm's inception, according to Nahley. "Even with the credit market and housing related issues that began in the late summer of 2007, we continue to see strength in our deal flow from middle market clients," said Nahley. Avondale's investment banking industry practices focus primarily on alternative energy; business services and government outsourcing; consumer and industrials; healthcare and healthcare information technology; and the media, telecom and technology sectors. The following list includes significant transactions for Avondale clients in 2007. Financial Advisory/Mergers and Acquisitions - Avondale served as financial advisor to a number of leading public and private companies throughout the U.S., including: * Advocat, (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVCA AVCA American Volleyball Coaches Association AVCA American Veterinary Chiropractic Association AVCA African Venture Capital Association AVCA Almaden Valley Community Association AVCA Automobil Veteranen Club Austria AVCA Apoyo Vital Cardiopulmonar Avanzado ), based in Brentwood, Tennessee. Avondale served as exclusive financial advisor in connection with the acquisition of seven skilled nursing facilities from Senior Management Services of America North Texas, Inc. This deal was completed in August. * Community Education Centers, Inc., privately held and based in Roseland, New Jersey. Avondale served as exclusive financial advisor in connection with CEC's acquisition of CiviGenics, Inc, headquartered in Marlborough, Massachusetts, operating three divisions including: in-prison treatment, community corrections, and jail management services. The acquisition closed in May. * Message Secure, privately held and based in Lowell, Massachusetts. Avondale served as exclusive financial advisor in connection with the sale of substantially all the company's assets to Perimeter eSecurity. This transaction closed in January. * National Healthcare Corporation, (AMEX AMEX See: American Stock Exchange : NHC NHC National Hurricane Center NHC Naval Historical Center NHC National Housing Conference NHC National Hurricane Conference NHC National Healthcare Corporation NHC No Homers Club (Simpsons cartoon) ), based in Murfreesboro, Tennessee. Avondale served as financial advisor in connection with two transactions for NHC. Avondale served as financial advisor and rendered a fairness opinion to the special committee of the NHC Board of Directors in regards to the $270 million acquisition of National Health Realty (AMEX: NHR NHR National Honor Roll NHR Next Hop Router NHR Nationale Havenraad NHR Natural Hazards Review NHR National Handwriting Recognition NHR Non Hierarchical Routing ). This deal closed in October. Additionally, Avondale served as financial advisor to the NHC Board of Directors with respect to the adoption of a shareholder rights plan in August. * Physicians Management Group, privately held and based in Los Angeles, California. Avondale served as exclusive financial advisor in connection with the sale of a majority interest of PMG to Bertram Capital. Bertram Capital is a private equity firm based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. . This deal closed in May. * SpectraLink, (NASDAQ: SLNK SLNK Source Link ), based in Boulder, Colorado. Avondale served as financial advisor and rendered a fairness opinion in connection with the company's $220 million sale to Polycom (NASDAQ: PLCM PLCM Product Life-Cycle Management PLCM public long code mask PLCM Public Land Code Mask ). The transaction was completed in March. * Wells Fargo Foothill, (NYSE NYSE See: New York Stock Exchange : WFC), based in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, , part of Wells Fargo & Company. Avondale completed multiple valuation assignments throughout the year in connection with the company's restaurant finance practice. * Video Applications, privately held and based in Tustin, California. Avondale served as exclusive financial advisor to the company in connection with the merger with Scharff Weisberg. The deal closed in August. Private Placements and Debt Transactions - Avondale served as placement agent in connection with the following capital raising transactions: * Advocat, (NASDAQ: AVCA), based in Brentwood, Tennessee. Avondale served as exclusive financial advisor in connection with the placement of $31.5 million in senior debt financing incurred in connection with the acquisition of seven skilled nursing facilities from the Senior Management Services of America North Texas, Inc. This deal was completed in August. * Behavioral Centers of America, privately held, based in Nashville, Tennessee. Avondale served as exclusive financial advisor and placement agent in connection with the company's $40 million equity investment by Linden LLC, based in Chicago, Illinois. This deal closed in July. * Sumner Regional Health Systems, non profit, 501(c)3 based in Gallatin, Tennessee. Avondale served as financial advisor in connection with the health system's $150 million tax-exempt public debt offering. This deal closed in August. * Video Applications, privately held and based in Tustin, California. Avondale served as exclusive placement agent to the debt financing in connection with the merger with Scharff Weisberg. The deal closed in August. Public Equity Offerings - Avondale served as a co-managing underwriter in connection with approximately $845 million of follow-on, secondary and initial (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) public equity offerings throughout the year. * Environmental Power Corporation, (NASDAQ: EPG), based in Portsmouth, New Hampshire Portsmouth, New Hampshire is a city in Rockingham County, New Hampshire in the United States of America. It is the fourth-largest community in the county[1], with a population of 20,784 as of the 2000 census. , $28 million follow-on offering * FGX International, (NASDAQ: FGXI), based in Smithfield, Rhode Island Smithfield is a town in Providence County, Rhode Island, United States. It includes the historic villages of Esmond, Georgiaville, Mountaindale, Hanton City and Greenville. The population was 20,613 at the 2000 census. , $192 million IPO * The Geo Group, Inc., (NYSE: GEO), based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , $243 million follow-on offering * Triangle Capital Corporation, (NASDAQ: TCAP (Transaction Capabilities Application Part) The protocol used in an SS7 network for sending database queries to a service control point (SCP). The SCP provides the interface to local and remote databases that contain subscriber and routing information. ), based in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , $72 million IPO * Syniverse, (NYSE: SVR), based in Tampa, Florida, $310 million secondary offering "Wall Street is undergoing what appears to be another dramatic correction in terms of deal flow and personnel adjustments. We view this volatility as an opportunity to continue our measured growth and focus on the more consistent opportunities associated with full service, middle market investment banking," said Nahley. Avondale Partners, LLC is a leading, full-service institutional investment bank headquartered in Nashville, Tenn., with offices in Baltimore, Boston, Philadelphia, San Diego, and San Francisco. The firm focuses on providing M&A advisory services, debt and equity underwriting, and private placements of bank debt, mezzanine finance and equity capital for its corporate finance clients. In addition, Avondale offers high quality equity research and sales and trading execution to institutional clients throughout the U.S., Canada and Europe as well as institutional asset management. Since its inception in 2001, Avondale Partners has executed more than 100 investment banking transactions and assignments for its clients exceeding $9.7 billion in total value. More information on Avondale Partners can be found at its web site, www.avondalepartnersllc.com. |
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