August 14, 2014
The bank, which states it is a “middle-market investment bank”, served as MSE’s “exclusive financial adviser” during the merger process, noting that it also “initiated the transaction and assisted with negotiations” between the two companies, before the aforementioned completion of the merger in July. It added that the “strategic alliance” between the two companies would “leverage MSE’s patented technologies and proprietary processes”.
Yoel Wazana, MSE’s President and Founder, stated that the bank had “brought high energy, creativity and a collaborative approach to the process”, whilst Avi Wazana, MSE’s CEO, added: “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.”
James Freedman, Chairman and Managing Director of Intrepid Investment Bankers, also commeneted: “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. We’re excited to have been a part of this merger.”
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