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ACM Capital

Company Information :
ACM Capital
2601 S. Bayshore Drive Suite 7
United States
Miami, FL 33133
Ph. 3059780720

ACM Capital Partners Completes $17 Million Recapitalization for American Biosurgical

For Immediate Release

ATLANTA/EWORLDWIRE/June 18, 2014 --- ACM Capital Partners announced it has successfully completed the recapitalization of American Biosurgical LLC (“ABI”), a privately owned, custom medical cable manufacturer actively engaged in the design, development and production of innovative medical interconnect technologies for the world's leading medical device companies.

ACM was engaged by the equity sponsors of ABI in late 2012 to refinance the company's senior and subordinated debt. ACM assumed the roles of CEO and CFO to facilitate the process and to assist with the diversification of its customer base. The successful recapitalization of the balance sheet included a new Asset Based Loan (“ABL”) and Term Facility from Wells Fargo in the amount of $6.5 million together with COD income, resulting from the conversion of debt, of approximately $7 million. The ACM Capital Fund, together with an equity sponsor, provided temporary bridge support required to complete the transaction.

"This recapitalization has de-levered the balance sheet which now enables ABI to execute its growth strategy; which will include targeted acquisitions and organic growth," said Jim Martin, ABI's president and CEO. "We are thrilled that we were able to complete this recap, and we thank Wells Fargo for their participation. This work would not have been accomplished without the tireless support of our active board members. I am confident that this recap will lead to the restoration of and ultimate growth in shareholder value."

About American Biosurgical (http://(www.americanbiosurgical.com)
Headquartered in Atlanta, Ga., with offshore manufacturing facilities in Shenzhen, China, American Biosurgical is the primary supplier to many of the world's largest medical device OEMs. ABI is a privately owned manufacturer engaged in the design, development and production of innovative medical and non-medical interconnect technologies.

About ACM Capital Partners (http://www.acmcapitalpartners.com)
Headquartered in Miami, ACM Capital Partners is a national financial and operational advisory firm specializing in assisting middle market companies in transition or distress. ACM's team of professional advisors has assisted clients ranging from small businesses to Fortune 100 Companies. Since 2008, ACM has successfully completed over 100 assignments and capitalized or recapitalized over $1.4 billion for its clients. ACM Capital Partners is proud to be recognized in Inc. 500/5000 as one of the fastest-growing private companies in America in 2013 and appears periodically on Fox Business News.

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Tiffany Augusta
ACM Capital
200 S. Biscayne Blvd 6th Fl
Miami, FL 33131
PHONE. 3059608933
EMAIL: taugusta@acmcapitalpartners.com

KEYWORDS: medical device manufacturer, medical technology, non-medical interconnect technology, international business, international business recapitalization, Inc. 5000, fastest growing private companies

SOURCE: ACM Capital Partners


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