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We are pleased to inform you that SSG Capital
Advisors, LLC ('SSG') acted as the exclusive investment banker to
Big "10" Tire
Stores, Inc.
('Big 10' or the 'Debtor') in its sale to an affiliate of Sun Capital Partners,
Inc. under Section 363 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware. The transaction closed in June 2009.
Big 10 Tires is one of the largest
independent tire dealers in the Southeastern portion of the United States.
Headquartered in Mobile, Alabama, the Company specializes in offering its
recurring customer base with the broadest selection of tire products and
competitive pricing. Over Big 10's 54-year history, the Company has built a
portfolio of retail stores defined by their strategic location in major
metropolitan areas. Big 10's stores are free standing and are often in high
traffic areas or in close proximity to shopping centers, highways, and
well-known roads. As a result of their broad product suite and deep market
penetration, Big 10 has become the "tire dealer of choice" through its stores
in Alabama, Florida, and Georgia.
Sun Capital Partners, Inc. is a leading private
investment firm focused on leveraged buyouts, equity, debt, and other
investments in market-leading companies that can benefit from its in-house
operating professionals and experience. Sun Capital affiliates have
invested in and managed more than 200 companies worldwide since Sun Capital's
inception in 1995, with combined sales in excess of $40 billion and more than
170,000 employees. On a consolidated basis, Sun Capital's affiliated portfolio
companies would rank in the top 100 of Fortune Magazine's listing of the 500
largest companies in the United States.
SSG's experience identifying alternative solutions
and buyers and in navigating difficult waters enabled all key stakeholders to
maximize recoveries while preserving the jobs of the majority of Big 10's
employees.
If you would like to learn more about SSG, or would
like to inquire about the Big 10 transaction, please contact one of the SSG
deal team members.
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Other professionals who worked on the transaction include:
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Robert J. Dehney, Gregory W. Werkheiser, Gregory T. Donilon, Chad A. Fights and
Andrew R. Remming of Morris, Nichols, Arsht & Tunnell LLP, counsel to
Debtor
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Howard S. Beltzer, Wendy S. Walker, W. Ryan Davis and Jeffrey A. Robinson of
Morgan, Lewis & Bockius LLP, counsel to Sun Capital Partners, Inc. and its
affiliates
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Jay R. Indyke, Jeffrey L. Cohen and Leslie Kroupa of Cooley Godward Kronish
LLP, counsel to the Creditors' Committee
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James W. Fox, Dan Kerrigan and Chris O'Callaghan of Executive Sounding Board,
financial advisor to the Creditors' Committee
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About SSG Capital Advisors, LLC
SSG is an investment bank dedicated to representing
middle market clients in restructuring situations, both in and out of
bankruptcy proceedings. SSG provides its clients with comprehensive advisory
services in the areas of mergers and acquisitions, financing, financial
restructuring and valuation. SSG's professionals are well versed in all areas
of restructuring and include former bankruptcy attorneys, senior credit
officers, M&A professionals and commercial lenders.
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