A&B Assists Prospect Capital Corporation in Acquisition
Aird & Berlis LLP provided Canadian legal services to Prospect Capital Corporation, a New York-based financial services entity (NYSE: PRY). In Q3 2013, we acted in connection with the acquisition of MITY Enterprises, Inc., a market-leading provider of multipurpose room furniture and specialty healthcare seating. The A&B team was led by Martin Kovnats (Capital Markets/Corporate Finance) and included Rebecca Kacaba, Matthew Liberatore, Anne Markle and Jeffrey Merk (Capital Markets/Corporate Finance), William VanderBurgh (Regulatory), Elisabeth Atsaidis and Barbara Worndl (Tax), and John Longo and Barbra Miller (Employment and Benefits).
Thereafter, we assisted in the publicly announced share exchange transaction by way of plan of arrangement for a value in excess of $300 million. The A&B team was led by Martin Kovnats (Capital Markets/Corporate Finance) and included Andrew Magnus and Jeffrey Merk (Capital Markets/Corporate Finance), and Francesco Gucciardo and Barbara Worndl (Tax).
We also assisted in the completed financing of a Prospect Street portfolio entity which acquired a U.S./Canadian business. The A&B team was led by Martin Kovnats (Capital Markets/Corporate Finance) and included Sam Billard and Alyssa Keon (Financial Services).