Transactions
Since 1998, our seasoned professionals have participated in over $1 billion of financial transactions.
News
Pro Document Solutions Acquires Sequioa Print Services DivisionPaso Robles, California, October 1, 2009 ProDocumentSolutions (Pro) a leader in election printing,
announced they have acquired Sequoia Voting Systems' (SVS) print division effective September 1, 2009.
For the past six years Pro has been SVS's principle print supplier for printed election products. As part of
the purchase agreement Pro will continue to use the other print vendors which also supplied printed
ballots and related election materials for SVS. Pro is certified to produce Optech, AccuVote, Hart
InterCivic, InkaVote and MarkaVote ballots in California and other states throughout the u.S. Pro is also
recognized as the only election printer to be certified under the North American Security Products
Organization (NASPOjANSI) standards. In order to provide seamless continuity of services the sales and
customer support team of SVS will also join the new election division of Pro which will be named
"ProVoteSolutions" or (PVS).
ProDocumentSolutions (Pro) a security and technology printing company, along with its three divisions,
ProVoteSolutions (PVS), Verify First Technologies (VFT) and International Security Products (ISP), is
recognized as a world leader in the development and patenting of effective anti-fraud and election
solutions. Established in 1979, Pro provides many of the security solutions to entities and Governments in
over 20 countries through its two security printing facilities located in California, USA. VFT has been
awarded 20 security patents and has 3 pending. Pro has been recognized for its superior security
contributions and most notably by achieving the coveted 2006, 2007, 2008 and 2009 Grand Winner PSDA
Document Security Peak Awards.
MERGER OF EAST COAST DESIGN & PRINT
AND PRINT DATA CORPORATIONWall, New Jersey, February 25, 2009 - Effective immediately Print Data Corp. and East Coast Design
& Print, two of the premier suppliers of printed communications and information technology services &
supplies in the Northeast, have merged forming a new entity - PDEC.
By combining the infrastructures of the two companies, eliminating certain redundancies and leveraging
buying power, PDEC is positioned to be the supplier-of-choice for companies in various markets who
need to control their expenses without compromising their vital operations.
"This was, by far, the easiest decision I have ever made relative to growing my business and serving my
customers, East Coast Design & Print president, Joseph Sodano said. Every industry seems to have a
threshold that separates the small from the big players, with this merger PDEC is firmly placed among the
big players.""
Print Data president, Jeff Green added: "merger of this type always made great economic sense for us, the difficult part was finding a partner who shares our culture and our commitment to our customers. As we became more and more acquainted Joe and his team, it was clear that we had found a perfect fit"".
Flagstar Notice Regarding Additional MatlinPatterson InvestmentTROY, Mich., Feb. 13 /PRNewswire-FirstCall/ -- As announced on January 30, 2009, Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar") and MP Thrift Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC, an affiliate of MatlinPatterson Global Advisers LLC, entered into a closing agreement pursuant to which MatlinPatterson will purchase $100 million in equity capital from Flagstar, in addition to the $250 million in equity capital purchased by MatlinPatterson on January 30, 2009.
Pursuant to the closing agreement, Flagstar will sell 50,000 shares of convertible participating voting preferred stock to MatlinPatterson for an aggregate purchase price of $50 million. The convertible participating voting preferred stock has a liquidation preference of $1,000 per share and is mandatorily convertible, subject to anti-dilution provisions, into 62,500,000 shares of our common stock, assuming a conversion price of $0.80 per share of common stock. In addition, Flagstar will sell trust preferred securities to MatlinPatterson with an aggregate liquidation preference of $50 million. The trust preferred securities will be convertible into shares of our common stock at the option of the holder on April 1, 2010 at a conversion price equal to 90% of the volume-weighted average price per share of our common stock during the period from February 1, 2009 to April 1, 2010, subject to a per share minimum of $0.80 and a maximum of $2.00. If MatlinPatterson does not convert the trust preferred securities at that time, it will remain outstanding perpetually unless redeemed by Flagstar at any time after January 30, 2011.
The transactions contemplated by the closing agreement would normally require approval of shareholders according to the Shareholder Approval Policy of the New York Stock Exchange ("NYSE"). As disclosed on December 31, 2008, Flagstar had previously relied upon the use of this exception in connection with the original $250 million equity investment, which has been extended to apply to the additional $100 million closing agreement investment.
Flagstar Reports Completion of $523 Million Investment by U.S. Treasury's TARP Capital Purchase Program, MP Thrift Investments L.P., and ManagementTROY, Mich., Jan. 30 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank FSB, today reported the completion of an investment totaling $523 million from three sources pursuant to previously announced transactions: $266.6 million from the U.S. Treasury's TARP Capital Purchase Program, $250 million from MP Thrift Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC, an affiliate of MatlinPatterson Global Advisers LLC, and $5.32 million from management.
Flagstar Bancorp, with $14.2 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At December 31, 2008, Flagstar operated 175 banking centers in Michigan, Indiana and Georgia and 104 home loan centers in 21 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.
About MatlinPatterson Global Advisers LLC
MatlinPatterson Global Advisers LLC is a $9 billion private equity franchise specializing in distressed control investments on a global basis. Over a 14-year period, the firm and its investment professionals have successfully made substantial investments in more than 65 companies across a broad range of industries. MatlinPatterson has a strong record of working with management teams to further their strategic plans.