Transactions

  • October 30, 2017 - Roberta Roller Rabbit has been sold to an investor group

    Avalon Net Worth has identified an investor group for the acquistion of Roberta Roller Rabbit... 

    Read More
  • March 31, 2017 - Atlantic Street Capital portfolio's company, Alex Apparel Group, Inc., have acquired Sally Lou Fashions

    Avalon Net Worth has identified a strategic target company for Atlantic Street Capital and its portfolio company, Alex Apparel Group, to aquire... 

    Read More
  • March 02, 2017 - ANW has advised on the sale of Jaclyn, Inc. (OTCMKTS:JCLY), to an affiliate of Golden Touch Imports, Inc.

    Jaclyn, Inc. (OTCMKTS:JCLY), a $175 million (revenues) multi-line fashion and accessory firm, has been sold to an affiliate of Golden Touch Imports, Inc. ... 

    Read More
  • February 27, 2017 - Molli Partners LLC has sold its four shoe brands to Teshoeque LLC

    Molli Partners LLC has completed a sale of it's major brands to Teshoeque LLC... 

    Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6

Noteworthy

  • October 17, 2017 - Global Private Wealth Dallas Forum on Macroeconomics

    At the 2017 GPW Dallas Forum our Co-CEO, Lynda Davey, spoke alongside other prominent industry executives regarding the current

    Read More
  • July 25, 2017 - Retail Summer School at Columbia Business School

    Richard Jaffe, a Managing Director at Avalon, along with Shoptalk, will host the 9th Annual Retail Summer School at

    Read More
  • May 10, 2017 - Retail’s Private Equity Legacy: Big Debt, Big Problems

    In an article published by WWD magazine our Co-CEO, Jack Hendler, shares his insight on Private Equity in the

    Read More
  • April 04, 2017 - Why Millennials and Mid-Market Firms Are a Fashion Match

    Apparel magazine published an article where our Co-CEO, Jack Hendler, discusses Milennials and Retail...    Read More...

    Read More
  • 1
  • 2
  • 3
  • 4
  • 5

Tempur-Pedic International Initial Public Offering Priced at $14 Per Share

LEXINGTON, Ky - (PR Newswire) - Tempur-Pedic International Inc. announced today that the initial public offering of 18,750,000 shares of its common stock was priced at $14.00 per share, for a total offering of $262,500,000. Of the 18,750,000 shares being offered, the Company is selling 6,250,000 shares and 12,500,000 shares are being sold by certain of the Company's stockholders. The Company expects the shares to begin trading on the New York Stock Exchange under the symbol "TPX".
Tempur-Pedic International Inc. is a vertically-integrated manufacturer, marketer and distributor of premium mattresses and pillows made from its proprietary Tempur visco-elastic foam. Products are sold in 54 countries under the Tempur� and Tempur-Pedic� brands.

The net proceeds to be received by the Company will be approximately $81,812,500, before transaction costs. The Company expects to use the net proceeds to pay down debt, including approximately $52,500,000 aggregate principal amount of the 10-1/4 % Senior Subordinated Notes due 2010 issued by certain of the Company's subsidiaries. The Company will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders. The underwriters also have an option to purchase up to an additional 2,812,500 shares from the selling stockholders.

Lehman Brothers Inc. and Goldman, Sachs & Co. are joint book-running managers on the offering. A copy of the prospectus relating to the offering may be obtained at www.sec.gov or from Lehman Brothers' prospectus department at 745 Seventh Avenue, New York, New York 10019, or by phone at (212) 526-7000, and from Goldman, Sachs & Co. at Prospectus Department, 85 Broad St., New York, NY 10004, or by phone at (212) 902-1171. UBS Investment Bank and Citigroup are co-managers of this offering along with CIBC World Markets and U.S. Bancorp Piper Jaffray.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on December 17, 2003. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.

Certain statements in this press release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used herein, the words "believes", "expects", "plans", "estimates" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.