Transworld Capital Group Advised Trio Group on Recapitalization by Navis Capital
TCG Press Release
August 21, 2009
Los Angeles, CA - Trio Group Engineered Products, Inc. and its affiliates (“Trio Group”) has sold an interest to Navis Capital. Trio Group is one of the world’s leading manufacturers and marketers of crushing, vibrating, washing, and conveying equipment for the aggregate, mining, recycling, and mineral industries. Transworld Capital Group ("TCG") (www.transworldgroups.com), a financial advisory and consulting firm focused on cross border transactions between Greater China and the Western World, served as financial advisor to Trio Group.
Trio Group, established in Los Angeles in 1998, combines Western engineering principles, standards, management, and customers with low cost, efficient Chinese manufacturing. Today, the companies act as a global organization with facilities in North America, Europe, and Asia, as well as regional sales representatives located around the world.
When Trio Group’s founders decided to seek partial liquidity, they faced special challenges: their multiple operating jurisdictions and citizenships. Trio Group’s founders chose TCG because of our ability to understand and work through the complicated issues in a cross border transaction with China.
Transworld Capital Group’s founder and CEO, Jack Z. Chen said, “TCG’s familiarity with how business is done between China and the Western countries and entities are structured in China is a necessary ingredient to a successful cross border transaction.”
TCG marketed Trio Group to a select group of strategic investors and private equity firms interested in the China market. After discussions with several parties, Trio Group chose Navis Partners to complete a recapitalization transaction. Navis’s multinational status, Asia experience and their ability to close the transaction without leverage convinced the sellers that Navis could complete the deal. Navis proved to be the right choice, as they persevered through a multinational due diligence process and closed the deal in the middle of the global financial crisis in 2009.
Michael Burke, President of Trio Engineered Products, said, “TCG provided support throughout the process, facilitating communication among all the parties and driving the transaction to a successful conclusion.”
About Trio Group
Trio Group manufactures and markets crushing, vibrating, washing, and conveying equipment for the aggregate, mining, recycling, and mineral industries. The company has operations in the U.S., Europe, and China and sales offices worldwide. For more information, visit www.trioproducts.com.
About Navis Capital
Navis Capital is a private equity firm specializing in buyouts, recapitalizations and financial restructurings in Asia, particularly South and Southeast Asia. The investment in Trio Group is the firm’s first investment in China. For more information please visit www.naviscapital.net.
About Transworld Capital Group
Transworld Capital Group is a financial advisory and investment firm specializing in cross border transactions between the Western World and Greater China. The company advises both on M&A and capital-raising transactions as well as partnerships to help businesses access the China market. More information can be found at www.transworldgroups.com.