Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  PNC Financial Services Group Inc    PNC

Delayed Quote. Delayed  - 09/23 10:02:15 pm
89.41 USD   -0.66%
09/22 CONAGRA FOODS : B/E Aerospace, ConAgra Foods, The PNC Financial Serv..
09/17 PNC FINANCIAL S : Announces Redemption of Bank 1.150 Percent Senior ..
09/15 PNC FINANCIAL S : Bank supports local education initiatives
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

PNC Financial Services : Harris Williams & Co. Advises Primos, Inc. in its Sale to Bushnell Outdoor Products, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/01/2012 | 07:35pm CEST

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Primos, Inc. (Primos), a leading manufacturer and distributor of hunting products, to Bushnell Outdoor Products (Bushnell), a portfolio company of MidOcean Partners (MidOcean). Primos was a portfolio company of Svoboda Capital Partners LLC (SC). Harris Williams & Co. acted as the exclusive advisor to Primos. The transaction closed on April 30, 2012 and was led by Glenn Gurtcheff and Ryan Budlong in the firm's Consumer Group, along with Cheairs Porter from the firm's Richmond office.

"The iconic Primos brand has been a leading name in the hunting industry for over 35 years and is known for providing innovative products that allow hunters to be successful in the field. The company has consistently been successful expanding into new and adjacent product categories as a result of consumers' loyalty to and trust in the Primos brand," said Glenn Gurtcheff, a managing director at Harris Williams & Co. and the head of the firm's Consumer Group. "We are pleased to have found a partner for the company that shares management's vision for the future and expect Primos to continue its category leading position in partnership with Bushnell Outdoor Products."

"Primos has developed its leadership position through a legacy of innovation and commitment to providing hunters with high quality products. This transaction highlights investors' continued appetite for high quality enthusiast assets," added Cheairs Porter, a managing director at Harris Williams & Co.

Primos is the world's leading innovator, manufacturer and marketer of Primos branded hunting accessories for a blue chip base of North America's leading outdoor retailers. The company's products are renowned amongst hunting enthusiasts for innovative designs and features, quality of craftsmanship, consistency of performance and ease-of-use.

SC is a Chicago-based private equity firm with over $250 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: consumer products and services, value-added distribution, niche manufacturing and business services. SC typically invests equity of $10 million to $25 million per company in leveraged buyouts, recapitalizations and growth equity opportunities.

Bushnell Outdoor Products is a global manufacturer and marketer of branded consumer products based in Overland Park, Kansas. Bushnell Outdoor Products sells its products worldwide under the Bushnell®, Tasco®, Serengeti®, Bollé®, Uncle Mike's Law Enforcement®, Stoney Point®, Hoppe's®, Butler Creek®, Cébé®, Millett®, Uncle Mike's®, Night Optics USA®, Final Approach® and Simmons® brand names.

MidOcean is a premier private equity firm focused on the middle market. MidOcean is committed to investing in high quality companies with stable market positions and multiple opportunities for growth. MidOcean utilizes a broad foundation of expertise in its focus industries to create value for its investors and partners.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.'s Consumer Group has completed over 100 transactions across a variety of verticals including food, beverage and agribusiness; restaurants and retail; branded and private consumer products; and consumer services. For more information on our consumer experience, please contact Glenn Gurtcheff, Tim Alexander, Jeff Cleveland, Ryan Budlong or Brant Cash at +1 (612) 359-2700.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Services Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.

For general release inquiries, please contact Kimberly Baker, marketing director, at +1 (804) 648-0072.

Harris Williams & Co.
Kimberly Baker, marketing director, +1 804-648-0072


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PNC FINANCIAL SERVICES GRO
09/22 CONAGRA FOODS : B/E Aerospace, ConAgra Foods, The PNC Financial Services Group.
09/17 PNC FINANCIAL SERVICES : Announces Redemption of Bank 1.150 Percent Senior Notes..
09/15 PNC FINANCIAL SERVICES : Bank supports local education initiatives
09/15 PNC FINANCIAL SERVICES : chief says consumer loan process too slow
09/14 PNC FINANCIAL SERVICES GROUP, INC. : Results of Operations and Financial Conditi..
09/14 PNC FINANCIAL SERVICES : agrees to settle home loan class-action suit for up to ..
09/13 PNC FINANCIAL SERVICES : to pay at least $24M to settle acquired bank's lawsuit
09/13 PNC FINANCIAL SERVICES : To Report Fourth Quarter And Full Year Earnings January..
09/10 BANK OF AMERICA, PNC BANK : Interest Rates for Home Mortgages Sep 9, 2016
09/05 PNC FINANCIAL SERVICES : Announces Redemption of Bank 1.150 Percent Senior Notes..
More news
Sector news : Banks - NEC
09/24DJWELLS FARGO : Taps Adviser on Pay -- WSJ
09/23DJWELLS FARGO : Taps Shearman & Sterling to Advise on Executive Compensation Issue..
09/23DJFed Targets Big Bank Commodity Lines
09/23 FTSE records best week in three months
09/23DJFed Proposes Limits on Bank Commodity Trading -- Update
More sector news : Banks - NEC
News from SeekingAlpha
09/15 PNC Financial wants to boost cross-selling efforts
09/13 No evidence of WFC problems at other banks
09/08 4 Banks Positioned For Rising Interest Rates
09/07 PNC Financial targets boosted at BAML
09/01 WALL STREET BREAKFAST : Pound Surges On Strong U.K. Manufacturing
Advertisement
Financials ($)
Sales 2016 15 162 M
EBIT 2016 5 383 M
Net income 2016 3 599 M
Debt 2016 -
Yield 2016 2,37%
P/E ratio 2016 12,57
P/E ratio 2017 12,02
Capi. / Sales 2016 2,90x
Capi. / Sales 2017 2,82x
Capitalization 43 937 M
More Financials
Chart PNC FINANCIAL SERVICES GRO
Duration : Period :
PNC Financial Services Gro Technical Analysis Chart | PNC | US6934751057 | 4-Traders
Full-screen chart
Technical analysis trends PNC FINANCIAL SER...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 93,9 $
Spread / Average Target 5,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
William Stanton Demchak Chairman, President & Chief Executive Officer
Steven C. van Wyk Executive VP, Head-Operations & Technology
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Richard B. Kelson Independent Director
Dennis F. Strigl Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PNC FINANCIAL SERVICES..-6.19%43 937
JPMORGAN CHASE & CO.1.85%242 906
INDUSTRIAL AND COML BA..-3.06%234 074
WELLS FARGO & CO-15.86%230 783
CHINA CONSTRUCTION BAN..-9.52%191 203
BANK OF AMERICA CORP-7.78%158 378
More Results