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Isola Group Transfers Ownership to Investment Group Led by Cerberus Capital Management.


5 January 2018 - US-based printed circuit board component provider Isola Group has completed an agreement to successfully transfer its equity ownership to an investment group led by US-based Cerberus Capital Management, L.P. and its affiliates and the company's senior secured lenders, the company said.

Cerberus and the other new equity owners are providing a new revolving credit facility to the company and have agreed to amend and extend the existing secured loan facility to 2022.

In addition, the cash interest expense associated with the secured facility has been reduced to one %, and the total debt on Isola's balance sheet has been reduced significantly, providing the company with the financial flexibility to grow its business.

Isola Group, headquartered in Chandler, Arizona, is a material sciences company focused on designing, developing, manufacturing, and marketing copper-clad laminates and dielectric prepregs used to fabricate advanced multi-layer printed circuit boards.

The company's materials are used in sophisticated electronic applications in the communications infrastructure, computing/networking, military, medical, aerospace, and automotive industries.

Established in 1992, Cerberus Capital Management is in alternative investing with more than USD 30bn under management across complementary credit, private equity, and real estate strategies.

From its headquarters in New York City and network of affiliate and advisory offices in the US, Europe, and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.

Country: USA

Sector: Electronics

Target: Isola Group

Buyer: Cerberus Capital-led investment group


Deal size in USD:

Type: LBO


Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jan 5, 2018
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