CIBC World Markets Acted as Exclusive Financial Advisor to Prestolite Electric Holding, Inc. With Respect to Its Sale to An Affiliate of First Atlantic Capital, Ltd.Business Editors NEW YORK--(BUSINESS WIRE)--March 4, 2004 Genstar Capital, ULC ULC Up (Stage) Left Center ULC Universal Life Church ULC Underwriters' Laboratories of Canada ULC Ultra Light Client ULC Ultra Low Cost (cellular phone) ULC Urban Libraries Council has entered into a definitive agreement for the sale of Prestolite Electric Holding, Inc. to an affiliate of First Atlantic Capital, Ltd. The transaction is expected to close in April 2004. CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. acted as exclusive financial advisor to Prestolite Electric Holding, Inc. Bruce McCarthy, Managing Director and Head of Mergers and Acquisitions, and William Yu, Director, Mergers and Acquisitions, advised on the deal. Prestolite Electric is a global manufacturer of alternators and starter motors selling into high-margin, niche markets for heavy-duty (truck, bus, emergency, off-road), military and industrial applications. Headquartered in Ann Arbor, Michigan  “Ann Arbor” redirects here. For other uses, see Ann Arbor (disambiguation). Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. , Prestolite has U.S. operations in Arcade, NY; Garfield, NJ; and Florence, KY. Non U.S. facilities are in Acton and Leyland England; Buenos Aires and San Luis, Argentina San Luis is a city in the Cuyo region of Argentina, and the capital of San Luis Province, at the feet of the Sierras Grandes, on the Río Chorrillos River. The city, located 762 meters above the sea level, has a population of 153,322 (2001 census INDEC]), and its current mayor is ; and Beijing China. |
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