Corporate Merger and Acquisition Transactions

 

We have both buy side and sell side experience with corporate acquisitons and divestitures, including leveraged buyouts and serial strategic acquistions to build sizeable organizations. Similarly divestitures have also been successfully concluded.


Security Pacific Capital Markets Group, Inc.

The Group was created de novo with a charter to build an independent financial service subsidiary of Security Pacific Corporation, then the seventh largest U.S. bank holding company. In six years it grew through internal growth and eight strategic acquisitions, from a start-up with five employees, to 900 employees in 15 offices in Europe, Asia, Australia , South America and the United States.

As an investment banker for corporate clients we have experience with both buy side and sell side experience with corporate acquisitons and divestitures, including leveraged buyouts and serial strategic acquistions to build sizeable organizations. Divestitures have also been successfully concluded.

Vice Chairman and Director

Thornburg joined the group at its inception and ultimately was responsible for Corporate Finance, Mergers and Acquisitions, and Specialized Financing (project financing, leasing, bankers acceptances and commercial paper backed transactions) in the U.S. In addition to providing merger and acquisition advice to Security Pacific clients, SCCMG successfully acquired eight financial service companies. He served as a Director of a number of newly acquired and wholly owned subsidiaries including Ralli Bank (a private Swiss Bank ) and Hoare Govett Limited (London's largest stockbroker and major factor in Asian capital markets), Security Pacific (Switzerland) S.A., Security Pacific Capital Markets (Hong Kong), Ltd. and Security Pacific Capital Markets (UK), Ltd. Other acquisitions included: Howard Hoffman Associates (real estate advisory company -- former subsidiary of Lehman Brothers), M & W Corporation (third party commercial paper financing of utility assets), the bankers acceptance advisory businesses of Lawrence Systems, Inc. and Collateral Control Corporation, Charles T. Pulley & Co. (London based stock jobber) and McIntosh, Hamson (Australian stockbroker). A ninth acquisition, Duff & Phelps (consulting and third largest U.S. corporate credit and debt rating service), was successfully negotiated but ultimately was not approved by the Federal Reserve Bank who was concerned that other bank holding companies might purchase S&P and Dunn & Bradstreet.

Anova, AG

Anova is a private Swiss holding company whose holdings at that time included: Leica (cameras and scientific instruments), SMH (watches: Omega, Swatch), Landis & Gyr (environmental control equipment), Cosa Liebermann (international marketing: machinery and branded consumer products) and a significant minority interest in ABB (formerly ASEA and Brown Boveri). Thornburg served as an adviser to Landis & Gyr ( Switzerland ) in connection with the $153 million purchase of Chicago based Mark Controls (environmental controls and systems maintenance).

Norama Holding, AG

Private Luxembourg holding company for the Los Angeles headquartered Bridgewater Resources Corp. Bridgewater had twenty manufacturing, forestry, real estate and farm subsidiaries (see Domestic Case Study). Thornburg served as CEO of Bridgewater and was responsible for the acquisition of the Peerless Chain Company, one of the largest U.S. manufacturers of welded chain products and the sale of Bridgewater subsidiaries including Connor Toys (educational electronic toys, blocks and puzzles) and Connor-AGA, Inc. (40% share of the U.S. sports flooring market).

1316 CARROLL AVENUE, LOS ANGELES, CA 90026
TELEPHONE  213.250.2941   ■     MOBILE   213.610.0800 
http://www.thornburgandco.com        athornburg@thornburgandco.com