Cathay Capital Receives 2018 Americas Private Equity Deal of the Year for Innovative Transaction

December 20, 2018

Miller & Martin is pleased to announce that our client, Cathay Capital Private Equity, received the 2018 Americas Private Equity Deal of the Year award in the Americas Private Equity Deal/Small-Middle Market category at the M&A Atlas Awards in November. These awards are sponsored by the Global M&A Network. Cathay received this award for its acquisition and recapitalization of Innovative Office Products (“Innovative”) in January 2018. Innovative is a leading North American designer and manufacturer of office and workspace ergonomic and related products, such as monitor arms and sit-stand workstations.  Cathay partnered with Norwest Mezzanine Partners and Orix Mezzanine Partners & Private Equity in the acquisition of Innovative from Corridor Capital, and in the company’s recapitalization with TCF Capital Funding and Webster Bank. 

Miller & Martin acted as lead counsel in this platform acquisition and recapitalization, and in Innovative’s follow-on acquisition in June 2018 of HAT Contract, a leading North American designer, contract manufacturer and distributor of open-space office products including height adjustable tables, power/data beams and other products.

Miller & Martin attorneys involved in these transactions include Mark Degler, David Spiller, Doug Elkins, Alan Madison, Scott Parrish, Merrill Nelson, Charles Forlidas, Ansley Moses, Brad Harvey, Clay Walts and others.

More information about these transactions can be found here