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Imperial Capital Acted as Exclusive Financial Advisor to C&A Tool Engineering, Inc. on Its Sale to MinebeaMitsumi Inc., ultimate parent company of New Hampshire Ball Bearings, Inc.

September 06, 2017 12:25 ET | Source: Imperial Capital, LLC

LOS ANGELES, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Imperial Capital, LLC (“Imperial Capital”) announced that it served as the exclusive financial advisor to C&A Tool Engineering, Inc. ("C&A" or the "Company") on its sale to MinebeaMitsumi Inc. (“MinebeaMitsumi”), ultimate parent company of New Hampshire Ball Bearings Inc. (“NHBB”). C&A is a leading advanced manufacturing company offering high precision, technically complex parts across the medical, aerospace & defense, fuel system, and industrial end markets. Terms of the transaction were not disclosed.

C&A meets the conditions of MinebeaMitsumi’s acquisition strategy by increasing its footprint in aerospace and medical markets and boosting its machined components business. C&A expands MinebeaMitsumi’s offering of machined components within its competencies of manufacturing to tight tolerances and extreme complexity.

The transaction was executed as a joint investment of 51% and 49% by MinebeaMitsumi and Development Bank of Japan (“DBJ”) respectively.

C&A will operate under the NHBB/myonic Business Unit while financial consolidation will take place with MinebeaMitsumi in Japan. Under the NHBB/myonic Business Unit, C&A will gain market and customer experience, as well as global sales reach and expanded resources. With the addition of C&A, and prior acquisitions of myonic and CEROBEAR, the NHBB/myonic Business Unit will now operate five manufacturing facilities in the United States, two in Germany, and one in Czech Republic.

"This transaction demonstrates Imperial Capital's expertise across various industries and our Industrial group's knowledge and extensive relationships at all levels of the Advanced Manufacturing sector," said John E. Mack III, Managing Director and Co-Head of Investment Banking at Imperial Capital. The Industrial Group’s Managing Director Kevin Frisch added, "This is a strong combination that should greatly enhance and expand C&A’s leading capabilities."

About Imperial Capital, LLC

Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, London, Minneapolis, Boston, Chicago, Houston, Charlotte, Palm Beach and Tel Aviv. The firm currently employs over 250 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.

About C&A

C&A was founded in 1969 and employs over 580 people. The company is headquartered in Churubusco, Indiana and has over 700,000 sq ft of space in three Indiana facilities. C&A provides customized solutions from design and planning to fabrication and final inspection to top OEM’s in their diverse end markets. In addition to custom components for the aerospace, fuel system, and industrial markets, C&A also manufactures surgical implants and instruments for spine, knee, and hip applications. Their early adoption of Additive Manufacturing is a competitive advantage as their backlog in this area continues to grow. C&A is one of the first companies to have their direct metal laser sintering (DMLS) operational process permitted to support customer approved Food and Drug Administration (FDA) products.

About NHBB

New Hampshire Ball Bearings, Inc. is a leading manufacturer of precision bearings and complex bearing assemblies for the global aerospace, defense, medical, dental, and high technology markets. Its product mix includes precision miniature and instrument ball bearings, large ball and roller bearings for aircraft engines, and specialized rod end and spherical bearings for a wide array of aircraft applications. NHBB is a subsidiary of MinebeaMitsumi Inc., a comprehensive precision components manufacturer with 59 manufacturing facilities in 16 countries with approximately 91,000 employees worldwide. MinebeaMitsumi is headquartered in Tokyo, Japan and is traded on the Tokyo Stock Exchange (TYO:6479).

For more information regarding Imperial Capital, please contact:

Tigist Gessesse
(310) 246-3605
tgessesse@imperialcapital.com