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  • Bryant Park Capital Welcomes Edward Wu (April 25, 2012)

    Bryant Park Capital is pleased to announce that Edward Wu has joined the firm as a Managing Director in its New York City office.

    Mr. Wu brings over 15 years of finance and investment expertise to bear for his clients, having garnered significant experience in leadership roles from a range of top investment banks and hedge funds. Prior to joining BPC, he served as Managing Director of the Capital Structure and Convertible Arbitrage Fund at Harbert Management Corp., a $20 billion alternative asset management firm consisting of private equity, real estate and hedge fund strategies. Mr. Wu had previously managed risk arbitrage and distressed credit hedge fund portfolios at Reservoir Capital Group LLC (a $6 billion private equity, hedge fund seeder and special situation strategies hedge fund), where he also served on numerous Ad Hoc and Official Creditor/Bondholder and Equityholder Committees for Chapter 11 reorganizations.

    Prior to hedge fund portfolio management, Ed served as an M&A investment banker and restructuring advisor for a total of approximately seven years at Salomon Smith Barney Inc., CRT Capital Group and Merrill Lynch & Co. During his tenure, he helped advise on over 20 completed transactions for companies with a total enterprise value of greater than $15 billion in aggregate. He completed transactions as a generalist investment banker in a range of industries and transaction types, including cash and stock mergers, divestitures, LBO's for private equity sponsors, distressed restructurings, Section 363 asset sales, Chapter 11 Plan of Reorganizations, IPO's and follow-on offerings.

    Mr. Wu graduated magna cum laude from Duke University with an A.B. in English Literature and received a J.D. from Harvard Law School. He also holds FINRA Series 7, 79 & 63 Licenses.

  • Dan Avnir Promoted to Principal (March 27, 2012)

    Bryant Park Capital (BPC) is pleased to announce that Dan Avnir has been promoted to Principal after serving as Vice President since joining in August 2010. During his tenure with BPC, Dan has made significant contributions at the transaction level as well as in creating new business development opportunities for the firm. Dan has taken an active leadership role on several organizational projects, including spearheading the development of BPC's relationships with Family Offices. We wish him continued success in his new position.

  • Christopher Kelm Joins as Chief Operating Officer (November 4, 2011)

    Bryant Park Capital, Inc. (member FINRA/SIPC), announced today that Christopher Kelm has joined BPC as Chief Operating Officer. As COO, Mr. Kelm will be responsible for the day to day operations and business affairs of Bryant Park Capital and its subsidiaries. He will also be responsible for strategic development and policy initiatives.

    "Bryant Park Capital is committed to serving clients who are selling their business or want to access the capital markets, and we are intent on continuing to expand our investment banking services and our footprint" said Bryant Park Capital Managing Partner and Chief Executive Officer Joel Magerman. "With more than 20 years of extensive experience, Chris is ideally equipped to help Bryant Park in its expansion and provide the client driven focus and high quality standards that have allowed us to consistently maximize value for our clients."

    Prior to joining Bryant Park Capital, Mr. Kelm served as the Chief Operations Officer for TD Wealth Management Services Inc. In this position, he led a team of 50 professionals and was instrumental in the integration of TD Bank’s two US broker dealers upon the acquisition of Commerce Bancorp in 2007.

    Earlier, Mr. Kelm served as Chief Administrative Officer for Commerce Capital Markets Inc., where he helped build four disciplines: Investment Banking, Wealth Management, Trading and Underwriting and Institutional Sales. Kelm also was a Managing Director for Investment Banking at Cypress Securities, Inc.

  • Peachtree Holdings closes $40 million credit facility (July 8, 2011)

    On July 8, 2011 Peachtree Holdings, Inc., a leading specialty finance company, closed a $40 million credit facility with a syndicate of banks at very favorable pricing and terms. Bryant Park Capital acted as exclusive financial advisor to Peachtree in connection with this transaction. 

    Peachtree is focused on providing liquidity to holders of high credit quality but illiquid deferred payment obligations.  The Company purchases assets including structured legal settlements, pre-settlement litigation advances, life insurance policies, and annuities.  The new facility will allow Peachtree to dramatically grow its business in the pre-settlement litigation advances sector. 

    Bryant Park Capital identified and initiated the financing with the lead bank in the syndicate.  Jim Terlizzi, Chief Executive Officer of Peachtree commented, “BPC did a great job of finding us the debt facility we needed in a difficult financing environment and at terrific rates.  We appreciate their efforts.” 

  • ADFLOW Health Networks announces Strategic Investment from Fortune 100 Healthcare Company (May 16, 2011)

    Bryant Park Capital is pleased to announce that ADFLOW Health Networks, Inc. has received a strategic investment from a Fortune 100 Healthcare Company. The investment capital is focused on the large scale deployment of ADFLOW Health Networks’ Personal Health CenterTM (“PHC”). This platform provides consumers with access to trusted healthcare content and services, together with the ability to perform a wide range of FDA cleared screenings, facilitating an unprecedented level of engagement in self-managing their healthcare. This interactive digital media platform will accelerate the use of care coordination solutions in settings that are part of everyday life – retail locations, worksites and high traffic areas - bringing a new meaning to patient-centered convenience and care.

    Mel Stein, CEO of ADFLOW Health Networks said “It is important to acknowledge the efforts of our strategic advisor and merchant banking partner, BPC Group, and those of their investment bank, Bryant Park Capital. Bryant Park’s services went beyond those of most investments banks. In addition to assisting in raising this first institution round of capital, Joel Magerman and John Poeta collectively served as our firm’s corporate and strategic development team. Their assistance was immeasurable in forming the value proposition for our company, which was only a concept when Bryant Park was engaged.”

    For more detail see the press release.

    Bryant Park Capital acted as exclusive financial advisor and sole placement agent to Adflow Health Networks, Inc. in connection with this transaction. Bryant Park Capital CEO Joel Magerman, Managing Director John Poeta led the transaction with support from Managing Director Volfi Mizrahi.

  • Quantum Clean Completes Acquisition of Chamber Cleaning and Coating Services Group from Applied Materials (May 13, 2011)

    Quantum Global Technologies, LLC (QuantumClean®)  has completed its acquisition of the Chamber Cleaning and Coating Services Group from Applied Materials. Quantum Clean, headquartered in suburban Philadelphia, and operations throughout the US and in Asia, is a leading provider of high-purity outsourced process tool parts cleaning and restoration services, tool part life extension and process tool part optimization solutions for semiconductor fabricators. Applied Materials, Inc. is a leading global provider of equipment, services and software to the manufacturers of advanced semiconductor, flat panel display and solar photovoltaic products.

    On April 5, 2011,  Quantum Clean announced that it has entered into a definitive agreement to acquire the assets of Applied Materials’ Chamber Performances Services (CPS) semiconductor process kit precision cleaning, coating services and associated analytical testing services businesses for an undisclosed cash amount. In connection with the transaction, Quantum Clean received an undisclosed amount of investment from three Philadelphia-based firms, Argosy Private Equity, Spring Capital and NewSpring Mezzanine Capital, in form of preferred stock and subordinated debt.  Fox Chase Bank, a Pennsylvania-based commercial bank provided senior debt, capex line of credit and a revolving credit facility.

    Bryant Park Capital acted as exclusive financial advisor and placement agent to Quantum Global Technologies, LLC in connection with this transaction. Bryant Park Capital CEO Joel Magerman and Managing Director Volfi Mizrahi led the transaction with support from Managing Director Forbes Burtt.

  • Quantum Global Technologies to Acquire Chamber Cleaning and Coating Services Group from Applied Materials (April 5, 2011)

    Applied Materials, Inc. (Nasdaq:AMAT) and Quantum Global Technologies, LLC (QuantumClean®) today announced a definitive agreement for QuantumClean to acquire the assets of Applied Materials’ Chamber Performances Services (CPS) semiconductor process kit precision cleaning, coating services and associated analytical testing services businesses for an undisclosed cash amount. The deal is expected to close within 30 days.

    Quantum Clean is a leading provider of high-purity outsourced process tool parts cleaning and restoration services, tool part life extension and process tool part optimization solutions for semiconductor fabricators. Founded in 2000, QuantumClean is headquartered in suburban Philadelphia, with Advanced Technology Cleaning Centers® in the Silicon Valley, Pacific Northwest, Arizona, Colorado, Texas and New England regions as well as in Asia.(www.quantumclean.com)

    For more detail see the press release.

    Bryant Park Capital acted as exclusive financial advisor and placement agent to Quantum Global Technologies, LLC in connection with this transaction. Bryant Park Capital CEO Joel Magerman and Managing Director Volfi Mizrahi led the transaction with support from Managing Director Forbes Burtt.

  • Applied Natural Gas Fuels Secures Low Cost Revolver Line (February 9, 2011)

    Applied Natural Gas Fuels, Inc, (“ALT”) closed on February 9 on a $2.5 mm accounts receivable revolving line of credit. ALT is one of two primary vehicle-grade liquefied natural gas (LNG) producers in the western United States. ALT produces, distributes, and sells LNG to transportation, industrial and municipal markets in the western United States and northern Mexico. It offers turn-key fuel solutions to its customers, including delivery of clean LNG fuel, equipment storage, fuel dispensing equipment and fuel loading facilities.

    "This is a great financing event for the Company and for our shareholders.  Not only does this facility provide us with an expanded working capital facility, but also with additional availability and flexibility while significantly lowering our cost of capital, recognizing the substantial amount of progress we have made over the last two years. I would like to thank Bryant Park Capital for identifying a great partner, facilitating a terrific deal and providing significant support from beginning to end." Said Cem Hacioglu, President and Chief Executive Officer, Applied Natural Gas Fuels, Inc.

    Bryant Park Capital acted as exclusive financial advisor to Applied Natural Gas Fuels, Inc. in connection with this transaction. Bryant Park Capital Managing Director Volfi Mizrahi led the transaction with support from Managing Director Kurt Bermond.

  • BPC advises Frankford Candy & Chocolate Co., Inc. in a Management Buyout and Recapitalization (February 7, 2011)

    Bryant Park Capital is pleased to announce that Frankford Candy & Chocolate Co., Inc. (“Frankford Candy’ or the “Company”) has sold its business operations and real estate assets to Frankford Candy LLC, a company formed by the Management Team and a Strategic Partner. Frankford Candy, based in Philadelphia, is the nation’s leading supplier of licensed confectionary products, marketing under some of the most nationally recognizable brands and characters. The terms of the transaction were not disclosed. Bryant Park Capital acted as exclusive financial advisor to Frankford Candy & Chocolate Co., Inc. in connection with this transaction. Bryant Park Capital CEO Joel Magerman and Managing Director Dan Pickens led the transaction.

  • Centre Partners Sells Quickie Manufacturing Corp. to Jarden (December 20, 2010)
  • Centre Partners Management LLC ("Centre Partners"), a leading middle market private equity firm with offices in New York and Los Angeles, today announced the sale of Quickie Manufacturing Corporation ("Quickie" or the "Company") to Jarden Corporation ("Jarden"; NYSE: JAH), a leading global provider of niche consumer products. Quickie is a leading manufacturer and supplier of conventional household cleaning tools in retail channels in North America. Terms of the transaction were not disclosed. Bryant Park Capital provided financial advisory services to Quickie Manufacturing Corporation in connection with this transaction.  Bryant Park Capital CEO Joel Magerman led the transaction.

  • Spectrum Control Acquires Sage Laboratories (July 6, 2010)

    Bryant Park Capital is pleased to announce the acquisition of Sage Laboratories, Inc., a subsidiary of Ceralta Technologies, Inc., by Spectrum Control, Inc. Spectrum Control (Nasdaq: SPEC) is a leader in the design, development and manufacture of high-performance custom electronic solutions for the defense, aerospace, communications, and medical industries worldwide. Sage Laboratories is a highly-respected manufacturer of high performance radio frequency and microwave components and integrated assemblies that are used primarily in defense and homeland security applications.

    Jack Freeman, Chief Financial Officer, Spectrum Control said, "Spectrum Control was a natural fit for Sage Labs' product line and technological capabilities, and we are glad that Bryant Park Capital was able to assist us in this small, but strategic acquisition leveraging their existing relationship with Ceralta Technologies to effect a speedy and efficient transaction that benefits both parties."

    Bryant Park Capital initiated this transaction, assisted in the negotiations and acted as exclusive financial advisor to Spectrum Control in connection with this transaction. Bryant Park Capital Managing Directors Dan Pickens and Volfi Mizrahi led the transaction.

  • Heartland Steel Sells Assets to Palm Ventures (June 3, 2010)

    Bryant Park Capital is pleased to announce the sale of certain assets of Heartland Steel Products, Inc. to a limited liability corporation formed by Palm Ventures LLC. Heartland is a leading manufacturer of engineered steel racking systems and structural steel tubing based in Marysville, Michigan. Palm Ventures is a family investment firm focused on acquiring middle market companies and partnering with management to produce superior results.

    Jim Bradshaw, CEO of Heartland Steel said, "Bryant Park Capital took the time to understand our business and had the vision to see the opportunity to turn the business around. Most importantly, Bryant Park found a very high quality firm in Palm Ventures. Despite the severe recession and related challenges to our business, Bryant Park was able to find a solution that worked for all parties."

    Forbes Burtt, Managing Director of Bryant Park Capital added, "Given the economic times we live in, this was a challenging transaction to close. We were able to utilize an Article 9 foreclosure process to expedite the transaction and found a strong capital partner for Heartland Steel."

    Bryant Park Capital acted as exclusive financial advisor to Heartland Steel in connection with this transaction.

  • Jagged Peak Closes Senior Secured Debt Facility (March 3, 2010)

    Bryant Park Capital is pleased to announce that it has arranged for a new Senior Secured Debt Facility for Jagged Peak, Inc. with a specialty finance asset manager. The new facility was used to refinance the existing senior secured debt, provide growth capital and working capital. Jagged Peak is a rapidly growing e-business software and services company headquartered in Tampa, Florida. The Company provides demand and supply chain management, CRM execution and e-fulfillment solutions and services.

    Bryant Park Capital was hired in September 2009 to find replacement financing for Jagged Peak's existing secured debt facility which was maturing in mid December 2009. The existing lender did not wish to extend the facility as it was looking to reduce its lending exposure. Despite the tight timetable Bryant Park Capital was able to find the necessary financing for Jagged Peak to replace the existing lender and to provide additional growth capital.

    Paul Demirdjian, Chief Executive Officer of Jagged Peak, said, "Bryant Park Capital worked quickly and efficiently to source flexible senior secured financing for us. Despite a difficult capital market environment they were able to find cost effective and flexible growth capital for us. We are also very pleased with our new financing partner".

    Forbes Burtt, Managing Director of Bryant Park Capital added "We are very pleased to be able to work with such an exciting and growing company like Jagged Peak. Despite the challenging capital market climate we continue to be able to find attractive and growth oriented financial solutions for our clients".

    Bryant Park Capital acted as exclusive financial advisor to Jagged Peak in connection with this transaction.

    About Jagged Peak
    Founded in 2000, Jagged Peak had established itself as a leading provider of enterprise commerce software and supply chain distribution services. The company is focused on providing web based solutions that enable clients to optimize their supply chains and effectively conduct B2B and D2C e-commerce. Its blue chip client roster include companies such as SunAmerica, Nespresso, Tag Heuer, Swatch, and Kenzo. Jagged Peak is publicly traded under the ticker symbol JGPK.

  • CashReady Closes $50mm Portfolio Purchase Credit Facility (July 27, 2009)

    Bryant Park Capital is pleased to announce that CashReady LLC, a leading provider of capital to small and medium sized businesses throughout the United States, has secured a $50 million credit facility from a multi-strategy alternative investment firm. The facility will be dedicated to the origination, funding and purchase of merchant cash advance portfolios in order to grow CashReady's business.

    Bryant Park Capital formally launched the CashReady marketing process during the fourth quarter of 2008, in the midst of unprecedented financial turmoil. The global credit crunch choked off lending as U.S. loan issuances in 2008 plunged 55.0% from 2007. Bryant Park Capital professionals approached more than one hundred traditional and non-traditional financing sources, many of whom were also affected by the downturn in the markets and had pulled back on lending activity. Ultimately, Bryant Park Capital was able to culminate the process in bringing together CashReady with a financing source that recognized the future growth potential of the business.

    Brandon Becker, President and Chief Executive Officer of CashReady LLC, said "Despite a difficult economic environment and tight credit markets, Bryant Park Capital professionals remained dedicated throughout the engagement and showed perseverance and resourcefulness in identifying an appropriate capital partner. The Bryant Park Capital team played an integral role in helping us navigate the process, adding significant value and insight each step of the way. We look forward to our continued work with Bryant Park Capital as we deploy the capital to help grow our business."

    Joel Magerman, Managing Partner and Chief Executive Officer of Bryant Park Capital, added "We are excited to have secured CashReady the financing they need to execute on management's growth strategy. I believe that Bryant Park Capital has built a reputation for helping great businesses succeed in difficult situations, as shown through our proven track record in all market conditions and often under severe time constraints."

    Bryant Park Capital acted as exclusive financial advisor to CashReady in connection with this transaction.

    About CashReady
    CashReady is a leading provider of capital to small and medium sized businesses. The company provides merchants with the necessary growth capital to expand their businesses, buy new equipment, launch new products, solve seasonal cash flow issues and manage inventory. Founded in 2003, CashReady has made available more than $60 million in merchant cash advances, servicing over 3,000 individual merchant accounts across all 50 states. CashReady, together with its affiliates, is the only vertically integrated firm in the merchant cash advance industry combining a captive sales channel and in-house payment processing services.

  • Blyth, Inc. to Acquire ViSalus Sciences (August 4, 2008)

    Blyth, Inc. (NYSE:BTH), a leading multi-channel designer and marketer of home fragrance products, home decor products and household convenience items, today reported that it has signed an agreement to purchase ViSalus Holdings, LLC through a series of investments through 2012. ViSalus is a direct seller of nutritional supplements, energy drinks and weight management products sold to consumers in the United States one-on-one by independent distributors, approximately half of whom are men.

    Commenting on the investment, Robert B. Goergen, Blyth's Chairman of the Board and CEO, said, "Today's commitment builds further on Blyth's long-term focus on direct-to-consumer sales opportunities. Several years ago, we initiated a start up, Two Sisters Gourmet, which markets sauces, dips and related food products to consumers through the party plan method of direct selling. Now, we are entering the health and wellness category. Importantly, we are able to diversify within the direct selling channel with products that appeal to different consumer segments and do not compete with our core PartyLite business." Mr. Goergen continued, "Our partnership with the founders of ViSalus is mutually beneficial in that Blyth is entering into a third direct selling product category marketing consumable goods and ViSalus can leverage expertise from Blyth's direct selling core competency, as well as various corporate functions required by a growing enterprise. Moreover, longer term, our experience entering international markets should be beneficial to ViSalus's expansion."

    ViSalus Holdings LLC was founded by Ryan Blair, Nick Sarnicola and Blake Mallen in March 2005. The founders and the ViSalus management team will retain their roles and lead the company.

    "The stakeholders of ViSalus are thrilled that ViSalus will become a member of the Blyth family of companies. Our union with Blyth will provide significant resources, helping our Company to achieve its objectives," stated Ryan Blair, CEO of ViSalus Holdings LLC.

    The acquisition of ViSalus by Blyth involves related parties. Several years ago, the Ropart Asset Management Fund I (http://www.ropart.com), a private equity vehicle owned by the Goergen family, provided seed capital for ViSalus, and one of Mr. Goergen's sons, who is not involved with Blyth, was elected to the Board of Managers of ViSalus. As a result, Blyth's Board of Directors took a number of additional steps designed to ensure that the transaction was considered, analyzed, negotiated and approved objectively and independently. Several months ago the board formed a committee comprised solely of independent directors to explore and analyze in detail the process by which management identified, proposed, analyzed and negotiated the acquisition to ensure that management was acting independently and in the best interests of Blyth and its shareholders.

    The committee retained Bryant Park Capital, Inc. and received their opinion to the effect that, as of July 29, 2008 and based upon and subject to the matters stated in its opinion, the consideration to be paid by Blyth pursuant to the purchase agreement was fair from a financial point of view to Blyth. The committee retained the law firm of Morgan Lewis & Bockius, LLP to advise it with respect to the transaction. Following this process and after consideration of the relationships and the interests of the Goergen family, the independent members of Blyth's board concluded based on the recommendation of the committee that the transaction is in the best interests of Blyth and approved the transaction.

    Blyth, Inc., headquartered in Greenwich, CT, USA, is a Home Expressions company that markets an extensive array of home fragrance products, decorative accessories, seasonal decorations and household convenience items. The Company sells its products through multiple channels of distribution, including the home party plan method of direct selling, as well as through the wholesale and catalog/Internet channels. Blyth also markets tabletop lighting and chafing fuel for the Away From Home or foodservice trade. The Company manufactures most of its candles and chafing fuel and sources nearly all of its other products. Its products are sold direct to the consumer under the PartyLite(r) and Two Sisters Gourmet(tm) brands, to retailers in the premium and specialty retail channels under the Colonial Candle(tm), CBK(r) and Seasons of Cannon Falls(r) brands, to retailers in the mass retail channel under the Sterno(r) brand, to consumers in the catalog and Internet channel under the Miles Kimball(r), Exposures(r), Walter Drake(r), The Home Marketplace(r), Easy Comforts(tm) and Boca Java(tm) brands, and to the Foodservice industry under the Sterno(r), Ambria(r) and HandyFuel(r) brands. In Europe, Blyth's products are also sold under the PartyLite(r) brand. Blyth, Inc. may be found on the Internet at http://www.blyth.com.

    ViSalus Holdings LLC. with offices in Troy, Michigan and Los Angeles, California, is a leading Weight Management and Nutritional Supplement maker utilizing the direct selling channel to distribute its products. The company provides innovative health solutions through high quality wellness products such as the Vi-PAK Advanced Anti-Aging and Energy System, ViSalus NEURO Smart Energy Drink, and the Trim Slim Shape Program for healthy weight loss and weight management.

    ViSalus may be found on the Internet at http://www.visalus.com.

  • Walgreens Completes Acquisition of I-trax/CHD Meridian Healthcare (May 1, 2008)

    Walgreens (NYSE, NASDAQ:WAG) has completed its acquisition of I-trax, Inc., parent company of CHD Meridian Healthcare. CHD Meridian's services include primary and acute care, wellness, pharmacy and disease management services and health and fitness programming. The acquisition positions Walgreens as the leading provider of worksite health services. CHD Meridian, combined with Walgreens wholly-owned subsidiary and convenient care clinic manager, Take Care Health Systems, and Whole Health Management, acquired at the same time as I-trax, will form the platform for the new Walgreens Health and Wellness division. Chadds Ford, Penn.-based I-trax/CHD Meridian and Cleveland-based Whole Health will combine to operate under the name, Take Care Employer Healthcare Solutions.

    On March 17, Walgreens announced its intent to acquire I-trax, Inc. in a cash transaction valued at approximately $278 million, including the assumption of debt. The $5.40 per share cash offer represented a 40% premium to the 10-day trading average. On April 25, Walgreens announced the successful completion of the tender offer for I-trax. On April 30, Walgreens completed its acquisition of I-trax through a merger in which all shares of I-trax common and preferred stock not validly tendered and purchased in the tender offer were converted into the right to receive cash consideration equal to the applicable tender offer purchase price per share. As a result of the merger, I-trax became a wholly-owned subsidiary of Walgreens and the shares of I-trax were withdrawn from trading on the American Stock Exchange.

    For more detail see the press release.

    I-trax has been a valued client of Bryant Park Capital, Inc. ("BPC") since 2003, when the enterprise value of the Company was approximately $30 million. Over the last 5 years we have provided ongoing support for I-trax and its management team and assisted the Company in increasing its value over 9 times.

  • Walgreens Announces Successful Completion of Tender Offer for I-trax, Inc. (April 25, 2008)

    Walgreens (NYSE, NASDAQ:WAG) announced today that Putter Acquisition Sub, Inc., its wholly owned subsidiary, has successfully completed its tender offers for all of the outstanding shares of common stock and preferred stock of I-trax, Inc. (AMEX: DMX). Based on preliminary information from the depositary for the offer, as of the expiration of the offer at 12:00 midnight, New York City time, at the end of April 24, 2008, stockholders had tendered and not withdrawn 40,576,068 shares, or approximately 96.3%, of I-trax's common stock and 214,067.33 shares, or approximately 98.6%, of I-trax's preferred stock.

    For more information, see the press release.

  • Walgreen Co. To Purchase I-trax, Inc. (March 18, 2008)

    We are pleased to announce that Walgreen Co. entered into a agreement to buy our client, I-trax Inc. (AMEX: DMX) for approximately $278 million, in an all cash transaction, including the assumption of about $18.3 million in net debt. An affiliate of Walgreens will commence a tender offer within 10 business days for all the outstanding common stock of I-trax at $5.40 per share representing a 40% premium to the 10 day trading average.

    I-trax has been a valued client of Bryant Park Capital, Inc. ("BPC") since 2003, when the enterprise value of the Company was approximately $30 million. Over the last 5 years we have provided ongoing support for I-trax and its management team and assisted the Company in increasing its value over 9 times.

    Frank A. Martin, Chairman of I-trax, Inc., said "BPC has been an exceptional partner for us, not just in service and analytical skills, but in providing real business advice that comes from actual operational experience in addition to their banking experience."

    Bryant Park Capital acted as exclusive financial advisor to I-trax, Inc. and rendered a fairness opinon in connection with this transaction. For more detail, see the press release.

  • I-trax Completes Acquisition of ProFitness Health Solutions (December 17, 2007)

    I-trax, Inc. (AMEX:DMX - News), the parent company of CHD Meridian Healthcare, a leading provider of workplace healthcare and wellness solutions, announced today that it has completed its previously announced acquisition of ProFitness Health Solutions, LLC (PFHS) of Shelton, CT.

    About I-trax
    I-trax is a leading provider of integrated workplace health and productivity management solutions. Serving 105 clients in 35 states, I-trax offers on-site health centers through its CHD Meridian Healthcare, LLC subsidiary, which delivers primary care, acute care corporate health, occupational health and pharmacy care management services, as well as integrated disease management, wellness and disability management programs. CHD Meridian is focused on making the workplace safe, helping companies achieve employer of choice status, and reducing costs while improving the quality of care received and the productivity of the workforce. Managing employer-sponsored health centers for over 40 years, some of CHD Meridian Healthcare's clients include: BMW, Coors Brewing Company, Coushatta Casino Resort, Deutsche Bank, Eastman Chemical, Fieldale Farms, Horizon Blue Cross Blue Shield of New Jersey, Lowe's, Toyota and UnumProvident. For more information, visit www.chdmeridian.com.

    Bryant Park Capital acted as financial advisor to I-trax, in connection with this transaction. For more detail, see the press release.

  • I-trax Acquiring ProFitness Health Solutions (November 27, 2007)

    On November 27, 2007, I-trax, Inc. (AMEX:DMX), the parent company of CHD Meridian Healthcare, the leading provider of workplace healthcare and pharmacy services, announced today that it has signed a definitive agreement to acquire ProFitness Health Solutions (PFHS) of Shelton, CT.

    ProFitness Health Solutions, a privately held company, provides employer-sponsored wellness and fitness programs, along with occupational health services, in 22 states and three Canadian provinces for more than 50 clients. With nearly 500 employees located at more than 100 fitness and health centers, PFHS also provides wellness services remotely to its clients' employees at a significant number of locations.

    "The demand for integrated health and wellness services at the workplace continues to grow at a rapid pace," said R. Dixon Thayer, chief executive officer of CHD Meridian Healthcare. "PFHS is an exceptional company and their services will enhance our differentiated offering to employers and further solidify our position as a leader in employee health and productivity".

    "Joining forces with CHD Meridian Healthcare is a win-win for our clients and for our associates," said Tom Sabia, president and chief operating officer of PFHS. "CHD Meridian brings financial strength, management experience, clinical and operational excellence and corporate resources that will benefit our clients, their employees and our associates.

    The combined organization will serve more than 150 clients and will have more than 300 total site locations throughout the United States and Canada. "We have already identified and started working on some mutual client and proposal opportunities, which is strong early confirmation of the leverage we expect to achieve through this acquisition," I-trax Chairman Frank A. Martin said.

    The purchase price for the acquisition is $7,500,000, subject to certain adjustments as set forth in the definitive agreement. I-trax will deliver the purchase price as follows: $6,000,000 in cash; shares of I-trax common stock valued at $750,000; and a promissory note in the principal amount of $750,000. The shares will be held in escrow and the promissory note will be paid after I-trax completes its consolidated financial statements for 2008.

    The companies are finalizing due diligence and an audit of PHFS's financial statements and have appointed a joint task force to integrate the organizations. The definitive agreement also remains subject to usual and customary closing conditions. The companies expect to close the transaction within 30 days.

    About I-trax
    I-trax is a leading provider of integrated workplace health and productivity management solutions. Serving 105 clients in 35 states, I-trax offers on-site health centers through its CHD Meridian Healthcare, LLC subsidiary, which delivers primary care, acute care corporate health, occupational health and pharmacy care management services, as well as integrated disease management, wellness and disability management programs. CHD Meridian is focused on making the workplace safe, helping companies achieve employer of choice status, and reducing costs while improving the quality of care received and the productivity of the workforce. Managing employer-sponsored health centers for over 40 years, some of CHD Meridian Healthcare's clients include: BMW, Coors Brewing Company, Coushatta Casino Resort, Deutsche Bank, Eastman Chemical, Fieldale Farms, Horizon Blue Cross Blue Shield of New Jersey, Lowe's, Toyota and UnumProvident. For more information, visit www.chdmeridian.com.

    Bryant Park Capital acted as financial advisor to I-trax, in connection with this transaction. For more detail, see the press release.

  • Allied Telesis Enters into $10 mm Revolver Line (October 20, 2007)

    Allied Telesis, Inc., a wholly-owned subsidiary of Allied Telesis Holdings, K.K., a publicly traded company listed on the Tokyo Stock Exchange (TSE: 6835), entered on October 19 into a $10.0 million U.S.-based senior secured revolving credit facility. Founded in 1987, with seven development centers spanning Europe, Asia, New Zealand and North America, as well as sales, marketing and support offices in nearly every corner of the world, Allied Telesis is a global provider of secure Ethernet/IP access solutions and an industry leader in the deployment of IP Triple Play networks over copper and fiber access infrastructure. The company's product enable public and private network operators and service providers of all sizes to deploy scalable, carrier-grade networks for the cost-effective delivery of voice, video and data services.

    Bryant Park Capital acted as exclusive financial advisor and placement agent to Allied Telesis, Inc. in connection with this transaction.

  • Le Figaro acquires Ticketac (June 11, 2007)

    Le Figaro has acquired Ticketac, one of the French leaders in the online ticketing sector. The transaction price was not disclosed. Aristea acted as exclusive financial advisor of Ticketac's shareholders.

  • Joel Magerman, CEO of Bryant Park Capital, receives ACG Due Diligence Award (May 8, 2007)

    Excellence in Due Diligence Service

    Bryant Park Capital (BPC) is pleased to announce that Joel Magerman, Managing Partner and CEO of BPC, received the first annual ACG DueDiligence Award for excellence in due diligence service. This distinction is given to a Merger and Acquisition service provider who has exhibited excellence in providing due diligence services.

    The ACG awards committee remarked, "We set out to recognize outstanding contributions to the practice of merger and acquisition due diligence and the nominations we received were most impressive, giving our judges a difficult task in choosing just one winner in each category. We were pleased to award Joel Magerman with this accolade in connection with his firm's recent service to Enterra Energy Trust."

    Enterra Energy Trust is a conventional oil and gas trust based in Calgary, Alberta. Bryant Park Capital acted as Enterra's exclusive financial advisor for a $300 million debt financing that allowed Enterra to complete its recent acquisition of producing assets located in Oklahoma.

    The Association for Corporate Growth (ACG) (www.acg.org) is the premier global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions for mid to large companies. Leaders in corporations, private equity, finance, and professional service firms focused on building value in their organizations belong to ACG. They recognize the multiple benefits of networking within an influential community of executives growing public and private companies worldwide. For 50 years, ACG members have focused on strategic activities that increase revenues, profits and, ultimately, stakeholder value. Today ACG stands at more than 7,000 members representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 42 chapters in North America, Europe and Asia.

  • Destiny closes $2.16 million private placement (Feb 26, 2007)
    Destiny Media Technologies, a developer of digital media distribution software, placed $2.16 million in stock and warrants with investors it didn't identify, through placement agent Bryant Park Capital, a member of the Concilio Network. Buyers received a 34% discount to Destiny Media's closing share price on Monday when the deal was completed and announced. Destiny's shares then rose 6.6% to close at 64 cents.
  • Telkonet completes $10 million private placement (Feb 2, 2007)
    Telkonet, Inc. (AMEX:TKO), the leader in providing in-building broadband access over existing electrical wiring, today announced that it has completed a private placement of 4.0 million shares of its common stock to two institutional investors for gross proceeds of $10 million. The proceeds of this offering will be used for general working capital needs and to assist in funding the company's strategic initiatives. Telkonet also has issued to these investors warrants to purchase 2.6 million shares of its common stock at an exercise price of $4.17 per share. These warrants expire five years from the date of issuance. Bryant Park Capital, a member of the Concilio Network, acted as financial advisor and placement agent to Telkonet in connection with this transaction.
  • Enterra Energy Trust closes $178 million financing (Nov 21, 2006)
    Enterra Energy Trust ("Enterra") announced that it has closed its previously announced underwritten financing of trust units and debentures and revolving term and operating credit facilities.

    Pursuant to the underwritten financing, Enterra issued approximately 40.26 million of trust units at an issue price of $8.10 per trust unit and $138 million of unsecured subordinated debentures convertible into trust units at a price of $9.25 per trust unit. The debentures will have a face value of $1,000 per debenture, a coupon of 8.00% and a final maturity date of December 31, 2011. In addition, Enterra has established $200 million in revolving term facility and operating facility. The net proceeds from the offering, together with drawings under the credit facilities, are being used to repay in full all indebtedness under Enterra's outstanding bridge facilities incurred in part to finance the acquisition of Enterra's Oklahoma assets.

    Bryant Park Capital, a member of the Concilio Network, acted as financial advisor to Enterra in connection with this transaction.

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