DLJ Merchant Banking Partners Completes Acquisition of RathGibson.Middle-Market Private Equity Firm Expands its Industrial Portfolio NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $440 million. RathGibson is a leading specialty manufacturer of highly engineered premium stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. and alloy welded tubular products. The Company supplies precision stainless steel, nickel, and titanium tubing to such diverse global markets as chemical/petrochemical processing, power generation, oil and gas, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , pharmaceutical, semiconductor, biotechnology, and general commercial. Edward Johnson, a Managing Director in DLJ Merchant Banking Partners, said, "We are very excited to partner with Harley Kaplan and his management team, and to be part of the future of RathGibson. This is another great example of collaboration between Credit Suisse's Investment Bank and our Industry Partners in the sourcing and execution of exceptional middle market opportunities for our investors. The independent affiliated model has again provided us with a competitive advantage." In February 2007, DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal appointed manufacturing and service experts, John Janitz and Dominic Schiano, as Industry Partners, both of whom worked on this transaction. "RathGibson has everything that we look for in an investment," said Steven Rattner, Global Head of DLJ Merchant Banking Partners. "It is a market leader in a niche business that enjoys attractive margins, long-standing customer relationships, and a defensible market position. The Company is led by an extremely effective CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and strong management team that have demonstrated the ability to grow the company." "There are a number of factors contributing to RathGibson's growth," said Harley B. Kaplan, President and Chief Executive Officer of RathGibson. "To date, we have realized very strong growth internationally, something we expect to continue by leveraging DLJ's affiliation with Credit Suisse's global network of contacts. On the other hand, we have proven that we can expand product lines and end markets successfully through strategic acquisition. We are excited to be partnering with DLJ, and we are very optimistic about our future." The deal is expected to close in mid-June. About RathGibson RathGibson, a leading specialty manufacturer of highly engineered premium steel and alloy precision welded tubular products, supplies engineered stainless steel, nickel, and titanium tubing to such diverse global markets as oil and gas, power generation, chemical processing, pharmaceutical, food and beverage, biotechnology, semiconductor, and specialty automotive. The company has manufacturing facilities in Janesville, Wisconsin, Clarksville, Arkansas and North Branch, New Jersey and sales offices in Houston, Texas and Shanghai, China. RathGibson's diverse and long-standing customer base spans 30 countries. The Company has 550 employees and is headquartered in Janesville, Wisconsin. For more information, please visit www.rathgibson.com. About DLJ Merchant Banking Partners DLJ Merchant Banking Partners ("DLJMB") is a leading private equity investor that has a 21-year record of investing in leveraged buyouts and related transactions across a broad range of industries. DLJMB, with offices in New York, London and Los Angeles, is part of Credit Suisse's Alternative Investments business, one of the largest alternative asset managers in the world, with more than $112 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Alternative Investments, which is part of the Asset Management business, is comprised of a diverse family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". , including private equity, leveraged buyouts, mezzanine, real estate, secondary funds and fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. , as well as the businesses covering hedge funds (both direct and fund of funds), leveraged loan and collateralized debt obligation Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, investment programs, core real estate funds, and quantitative investment and volatility management products. About Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com In its Asset Management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income, and multiple asset-class products to alternative investments such as real estate, hedge funds, private equity and volatility management. Credit Suisse's Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions, and corporations to private individuals. With offices focused on asset management in 18 countries, Credit Suisse's asset management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world. |
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