LCG Successfully Completes $5 Million of International Trade Financing for IC Intracom
FOR IMMEDIATE RELEASE
LCG Advisors Successfully Completed Financing for Tampa Based IC Intracom
Tampa, FL (January 8, 2013) The Tampa office of LCG is pleased to announce the successful completion of $5 million of international trade financing for its client, IC Intracom, with New York based FGI Finance.
LCG, a Tampa based transaction advisory services firm, served as the exclusive financial advisor to IC Intracom for this transaction. IC Intracom is a global manufacturer and distributor of PC peripherals and accessories via its Manhattan® brand, and networking products via its Intellinet™ brand. The capital provided by FGI will be used to support the company’s growth initiatives including new distribution agreements with the likes of Ingram Micro and others. The company has a significant product development and contract manufacturing operation for its Manhattan® and Intellinet™ brands in Asia and it products are sold globally through the company’s distribution offices in the United States, Germany, Mexico, and Taiwan.
LCG Managing Partner Brian Smith stated, “I’m thrilled that we were able to assist IC Intracom in accessing the capital needed to continue to execute on its business plan. ICI continues to be a leader in the design and development of innovative products in the computer peripheral and networking equipment space. Their strong international distribution channels allow them to bring these cutting edge products to all corners of the world making them a real asset to the Tampa business community. Our team here at LCG is proud that we were able to support ICI in continuing it success.
IC Intracom CEO Michael Thiel states “This latest round of financing is yet another step toward realizing our vision and achieving our goals. 2012 has been a great year for IC Intracom on many fronts. During the year we added to and strengthened our senior management team, enhanced our product offerings, continued to develop our distribution channels, and signed major new accounts. Working with LCG to access the capital markets was a very valuable experience for us, which culminated in our new partnership with FGI Finance. By partnering with FGI Finance, we are now well positioned with the right international finance partner to support our global growth objectives.”
“FGI is proud to support middle market companies with a global footprint, such as ICI,” FGI’s CEO David DiPiero stated. “This facility was crafted to give ICI the flexibility and availability to seize new market opportunities and achieve their growth strategy.”
About LCG Capital Advisors, LLC
With headquarters in Tampa, LCG provides a broad range of advisory services for its clients including independent due diligence and transaction support services to the financial services industry, and transaction advisory services related to debt placement and refinancing, capital restructuring, corporate mergers, acquisitions and divestitures, recapitalizations, institutional equity placements and certain other advisory and investment banking services. For more, please call (813) 226-2800 or visit www.lcgadvisors.com.
About Intellinet Network Solutions™
Intellinet Network Solutions™ is a leading global provider of active and passive computer networking products, including switches, network cameras, wireless network devices, cables, tools and accessories. This extensive portfolio of award-winning and innovative technologies provides Intellinet customers with a range of end-to-end networking solutions that ensure optimal systems efficiency, reliability and security. To guarantee customer and end user satisfaction, Intellinet provides comprehensive technical support and an industry-leading Channel Partner Program (CPP). For more information, please visit http://www.intellinet-network.com.
About Manhattan®
Since 1992, Manhattan® has been committed to providing dynamic computer and consumer electronic accessories that enhance the digital experience for people at work, at home, or on the go. Building on decades of success, Manhattan® continues to be a global leader in the tablet and PC accessories arena by offering an extensive range of cutting-edge products that meet today’s lifestyle demands for versatility and freedom. Manhattan® products not only inspire people to stay connected, but they also provide power, protection and control solutions to users in over 100 countries. For more information on Manhattan, please visit http://www.manhattan-products.com.
About FGI Finance
FGI Finance (www.fgifinance.com), a division of FGI, is a global commercial finance firm with clients in over 60 countries around the world. FGI helps middle market companies by providing them with various financial products, business loans, and financial services to meet their financing needs. FGI Finance provides financing in over 15 foreign currencies and has a presence in 6 continents. www.fgifinance.com.
Contact: Brian M. Smith
Managing Partner
LCG Capital Advisors, LLC
(813) 226-2800