SOURCE: Generational Equity

February 26, 2009 16:30 ET

Generational Equity Announces Sale of Ahead Magnetics to Huritga International Holdings

DALLAS, TX--(Marketwire - February 26, 2009) - Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, exit planning, and strategic growth initiatives, announced the sale of its client Ahead Magnetics, a supplier of specialty magnetic heads for video production, computer and data storage, headquartered in San Jose, Calif., to Huritga International Holdings, an investment company based in Singapore. The amount of the transaction was not disclosed.

Ahead Magnetics, which does business as AheadTek, manufactures magnetic components for use in video tapes, television broadcasts, video production, computers and data storage. It retained Generational Equity in 2007 to market the business for sale.

"It was very important to me to find the right buyer for the business my husband and our dedicated management team nurtured," said Sharon Honegger, majority owner of Ahead Magnetics. "Generational Equity acted quickly to secure a great buyer to continue the business, while allowing me the opportunity to retire and move on to the next phase of my life."

"Ahead Magnetics is a well-established company with great technology. It is a wonderful addition to our existing manufacturing holdings," said Khim Heng, director of Huritga International Holdings. "We look forward to integrating the company into our portfolio and building upon the excellent foundation that it currently represents for us in the disk drive and video/tape production spaces."

"Generational Equity looked at a number of potential buyers before identifying a potential fit with Huritga's investment criteria," said John Poythress, Generational Equity managing director for the deal. "Ahead Magnetics has found a great platform to join, and Huritga has acquired a great target with substantial potential with Ahead Magnetics."

"This deal helped the founder's family realize the wealth in the business, while adding to an already successful organization," said Ryan Binkley, president of Generational Equity. "Our firm has always worked hard to accomplish deals just like this one, and we're very happy with the results."

The deal closed within one year of Ahead Magnetics entering the market.

About Generational Equity

Generational Equity, assists privately held and family-owned businesses in completing mergers, acquisitions, divestitures and strategic growth initiatives. Generational Equity has more than 300 professional advisors and affiliates nationwide and is headquartered in Dallas, with affiliate offices in New York, Chicago and Irvine, Calif. For more information, contact Generational Equity at (877) 213-1792 or info-us@genequityco.com, or visit www.genequityco.com.

About Ahead Magnetics

Ahead Magnetics, doing business as AheadTek, manufactures glide and burnishing heads used by manufacturers of hard disk drives and offers solutions for end-users in video and tape production. As a proven global supplier, AheadTek remains poised to present cost effective solutions for your specialty magnetic head applications.

About Huritga International Holdings

Huritga is a closely held private equity group located in Singapore. Entities engaged in manufacturing and international commerce are a primary area of interest for its portfolio holdings.

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