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Founded in 1995, Kaufman Bros. is the country’s largest minority owned & operated investment banking and advisory firm focused on Technology, Media, Telecom (TMT), Green Technology and Healthcare. Our growth through some of the most challenging market dislocations in the past half century is testament to our resilience and commitment to excellence in research, capital markets and advisory.
KBRO is managed by Wall Street professionals and entrepreneurs with decades of experience in TMT. Seasoned financial expertise and a broad array of relationships support our sophisticated client base. We are dedicated to providing custom designed solutions for our clients within the Americas, Europe, China, India and Japan. We offer access to world-class research and institutional sales and trading. Additionally, we provide comprehensive investment banking services, including equity, private placements, mergers and acquisitions advisory, and restricted security sales.
KBRO services entrepreneurs and institutional clients comprised primarily of multi-strategy hedge funds, mutual and pension funds, and private equity funds managing in excess of $5 trillion in assets. Our independent and unbiased advisory efforts have raised approximately $50 billion in client transactions since 2000.
Our most valuable asset and product offering is experience-based knowledge nourished by generations of deep industry relationships. The pursuit of creative solutions fuels our primary goal of exceeding our client’s expectations. We believe that uncompromised service, delivered with unparalleled integrity and a dedication to building long-term trust and loyalty are key tenets underpinning achievement of that goal.
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Please contact Benny Lorenzo, Chairman and CEO, or Ken Gurrola, General Counsel on 212-292-8100 for further details
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Recent Investment Banking Transactions
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General Motors Financial Company, Inc.
- $500 million of senior unsecured notes
- Confidential 144A/Regulation S offering with registration rights to top QIBs
- The Company intends to use the net proceeds from this offering for general corporate purposes and for the redemption of its outstanding 8.50% Senior Notes due 2015
- Kaufman Bros., L.P. acted as an initial purchaser/co-manager for the offering
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American International Group, Inc.
- 200,000,000 shares offered by the Selling Shareholder, The United States Department of the Treasury
- 100,000,000 shares offered by the Company
- Kaufman Bros., L.P. acted as a co-manager for the offering
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Toyota Motor Credit Corp.
- $900 Million 2.800% Medium Term Notes Series B due 2016 priced at 70 bps over the TSY 2.125% 12/31/15.
- $700 Million 4.250% Medium Term
- Kaufman Bros., L.P. acted as a co-manager for both tranches of the offering
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American International Group, Inc.
- $500.00 Million 3.650% Senior Notes due 2014 priced at 295 bps over the TSY 0.500% 11/15/13.
- $1.50 Billion 6.400% Senior Notes due 2020 priced at 362.5 bps over the TSY 2.625% 11/15/20
- Kaufman Bros., L.P. acted as a co-manager for both tranches of the offering
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Vuzix Corporation
- $4 Million Senior Secured Term Loan.
- The term loan pays a 12% coupon per annum and contains warrants to purchase 40,000,000 common shares at an exercise price of $0.09965 per share, at any time prior to December 23, 2014.
- The proceeds were used to repay indebtedness and accounts payable. This included $425,000 repayment of 2 bank loans and 3 notes payable; and $1,500,000 to pay down supplier accounts. The remainder of the proceeds will be kept to improve the Company’s working capital position and liquidity.
- Kaufman Bros., L.P. acted as a financial advisor for the transaction.
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Citigroup
- $10.76 Billion Secondary Offering of Citigroup, Inc. common stock.
- 2,417,407,607 shares offered by the Selling Stockholder, The United States Department of the Treasury
- The Shares were offered at a price of $4.35 per share, a 2.25% discount to the December 6 close.
- Kaufman Bros., L.P. acted as a co-manager for the offering
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Citigroup
- $1.50 Billion 4.750% Senior Notes Offering priced at $99.447, +260.0 bps over the TSY 2 ½ 04/30/15 to yield 4.88%
- The offering of five-year notes was issued for general corporate purposes
- Kaufman Bros., L.P. acted as a co-manager for the offering
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HealthWarehouse
- Placed a total of $4.3 million in equity and convertible debt with independent investors
- A VIPPS accredited retail mail-order pharmacy based in Cincinnati, Ohio
- Offers 300 prescription drugs for $3.50 with 100% FREE shipping and is a 2009 & 2010 winner of the Bizrate Circle of Excellence Award for outstanding customer satisfaction and service
- HealthWarehouse.com is licensed in 49 states and only sells drugs which are FDA-approved and legal for sale in the United States
- Kaufman Bros, L.P. acted as the sole placement agent for this transaction
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Longtop Financial Technologies Ltd.
- Longtop is a leading software development and IT solutions provider targeting the financial services industry in China
- Headquartered in Beijing, Longtop has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China
- Offering of 4,255,000 American Depositary Shares priced at $31.25 per ADS
- Offering price represents a 2.7% premium from File-to-Offer
- Kaufman Bros., L.P. acted as a co-manager for the offering
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SuccessFactors, Inc.
- SuccessFactors is a global leader in Business Execution Software
- The SuccessFactors Business Execution Suite improves business alignment and people performance for companies of all sizes
- More than 5 million users and 2,800 companies use SuccessFactors
- On October 20, 2009, SuccessFactors announced a public follow-on offering of 12,000,000 shares of its common stock at $15.50 per share
- On October 23, 2009, SuccessFactors announced that the underwriters exercised their option to purchase an additional 1,800,000 shares of its common stock
- Kaufman Bros., L.P. acted as a co-manager for the offering
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BIO-Key International, Inc.
Sell-Side Advisory
- Kaufman Bros., L.P. acted as exclusive financial advisor to BIO-key International, Inc. in connection with the executed Asset Purchase Agreement to sell its Law Enforcement Division to InterAct911 Mobile Systems, Inc.
- The total consideration for this transaction is $11 million
- The proposed sale, which is subject to customary closing conditions, including BIO-key shareholder approval, will allow BIO-key to take advantage of the rapidly growing biometric and identity management market by focusing on its biometric solutions
SEC Form 8-K
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Imdomaca
Private Company - Importadora Dominicana de Maderas, C. por A.
- Imdomaca is a leading importer and distributor of wood in the Dominican Republic
- Imdomaca’s product offerings include wholesale and retail wood, treated pine wood (CCA), kiln dried wood, and finished wood for moldings and wood flooring
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CIBER, Inc.
- Consummated in one of the most challenging markets in decades
- Placed with numerous leading, technology focused institutional investors
- CIBER is a pure-play international system integration consultancy and outsourcing company
- Operating in 18 countries, with more than 8,500 employees and annual revenue of approximately $1.2 billion
- Included in the Russell 2000 Index and the S&P Small Cap 600 Index
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