LOS ANGELES--(BUSINESS WIRE)--Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, today announced that it served as the exclusive financial adviser to Micro Solutions Enterprises (MSE), a global leader in patented technologies for high-quality remanufactured toner cartridges, on its merger with Clover Technologies Group (Clover), the global leader in the recovery, refurbishment, remanufacturing and repurposing of business and electronic assets. In addition, Intrepid initiated the transaction and assisted with negotiations. The transaction closed on July 18, 2014.
“MSE’s management team has built an impressive platform over the past 20 years. MSE’s intelligent re-engineering platform combined with Clover’s scale will help expand the reach of high-quality remanufactured toner cartridges in the marketplace, better serving the consolidated global customer base,” said James Freedman, Chairman and Managing Director of Intrepid. “We’re excited to have been a part of this merger.”
“The Intrepid team brought high energy, creativity and a collaborative approach to the process,” said Yoel Wazana, President and Founder of MSE. Avi Wazana, MSE’s CEO further commented: “We’re thrilled with the result that Intrepid helped deliver. As a family-owned business, we’re committed to the success of our customers. Intrepid’s dedication and creativity in this process reflects a similar commitment.”
For further information on this transaction, please contact James Freedman, Managing Director, or Jeremiah Mann, Senior Vice President, at 310-478-9000 or JFreedman@IntrepidIB.com or JMann@IntrepidIB.com.
About Intrepid Investment Bankers
Intrepid Investment Bankers is a specialty investment bank that provides M&A, capital raising and strategic advisory services to middle-market companies across various industry sectors. We have a unique culture rooted in our founders’ successful 30-year history of advising entrepreneur and family-owned businesses, financial sponsors and major corporations. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. We deliver unconventional results through our unique ability to tell each client’s story, and drive relentless execution through senior banker immersion in each process. We augment our international capabilities through our membership and active participation in M&A International Inc., an exclusive global alliance of select independent middle-market M&A advisory firms. Member FINRA/SIPC. Follow INTREPID