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ClassOne Case Study

Corporate Finance Case Study: Technology

Company: ClassOne Equipment, Inc. and ClassOne Technology, Inc. collectively “ClassOne”.  Headquartered in Atlanta, Georgia, ClassOne is known as a leading supplier of high-quality, refurbished semiconductor equipment and a manufacturer of advanced wet-chemical process equipment.

SituationClassOne recognized the opportunity to transform further into a diversified supplier to the global semiconductor equipment industry via the implementation of several corporate initiatives, including expanding into new and adjacent markets, as well as increasing the global direct sales efforts and footprint.  The company was seeking growth capital that would provide increased financial flexibility from an investment partner committed to the semiconductor equipment sector and the operating vision of the company.  The capital infusion was specifically for use of refinancing the company’s existing revolving credit facility, existing term loan, increasing working capital and for general corporate growth purposes.

Advisory Role: Bravaldo Capital Advisors (BCA) was engaged by ClassOne as its exclusive advisor in the capital raise.  BCA approached a targeted group of lenders with interest and knowledge in technology companies.

Result:  Bravaldo Capital Advisors successfully raised senior and subordinated debt financing with Salem Investment Partners, a Mezzanine debt and equity investment firm based in Winston-Salem, North Carolina.  The transaction satisfied the capital needed for ClassOne with a financial partner that will significantly enhance its growth potential.

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