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

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

Delayed Quote. Delayed  - 12/15 10:05:01 pm
144.95 USD   +1.38%
12/13 PNC FINANCIAL S : Changes Prime Rate
12/13 PNC FINANCIAL S : Top-Six-New-Year’s-Resolutions-To-Protect-Yo..
12/12DJALLY FINANCIAL : Chooses PNC Executive as Next CFO
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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 CET

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
12/14 PNC FINANCIAL SERVICES : Trademark Application for "PLAYLIST" Filed
12/13 PNC FINANCIAL SERVICES : Changes Prime Rate
12/13 PNC FINANCIAL SERVICES : Top-Six-New-Year’s-Resolutions-To-Protect-Your-Id..
12/12DJALLY FINANCIAL : Chooses PNC Executive as Next CFO
12/11 PNC FINANCIAL SERVICES : live on new real-time payments network using Finastra
12/06 PNC FINANCIAL SERVICES : will open some bank branches in Twin Cities
12/05 Office Depot, Inc. (ODP) Shares Bought by Nordea Investment Management AB
12/04 PNC FINANCIAL SERVICES : Here's how much it would cost to buy the '12 days of Ch..
12/01 Big U.S. banks in last-ditch push on regulatory relief bill
11/29 TERADATA CORPORATION : (TDC) Shares Sold by Comerica Bank
More news
News from SeekingAlpha
12/14 Year End Report Card On My Bank Recommendations
12/14 Banks ease a bit following rate hike
12/13 Seeking Alpha's Weekly Media, Tech, And Finance News Round Up
11/30 TODAY'S INCOME INVESTOR CONUNDRUM : Chase The Trees Or Catch Some Knives?
11/28 Big day for banks on Powell testimony
Financials ($)
Sales 2017 16 302 M
EBIT 2017 6 297 M
Net income 2017 4 129 M
Debt 2017 -
Yield 2017 1,79%
P/E ratio 2017 17,21
P/E ratio 2018
Capi. / Sales 2017 4,23x
Capi. / Sales 2018 4,03x
Capitalization 68 967 M
Chart PNC FINANCIAL SERVICES GRO
Duration : Period :
PNC Financial Services Gro Technical Analysis Chart | PNC | US6934751057 | 4-Traders
Technical analysis trends PNC FINANCIAL SERVICES GRO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 143 $
Spread / Average Target -1,5%
EPS Revisions
Managers
NameTitle
William Stanton Demchak Chairman, President & Chief Executive Officer
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Steven C. van Wyk Executive VP, Head-Technology & Innovation
Deborah Guild Chief Information & Security Officer
Richard B. Kelson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PNC FINANCIAL SERVICES GROUP INC23.93%68 967
JP MORGAN CHASE & COMPANY22.27%368 277
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD33.56%306 922
BANK OF AMERICA30.50%302 905
WELLS FARGO7.46%295 032
CHINA CONSTRUCTION BANK CORPORATION28.31%238 071