SOURCE: Imperial Capital

Imperial Capital

September 20, 2011 04:45 ET

Imperial Capital, LLC Advises Visonic Ltd. (TASE: VSC.TA) in Its Sale to Tyco International (NYSE: TYC)

LOS ANGELES, CA--(Marketwire - Sep 20, 2011) - Imperial Capital, LLC announced that it acted as exclusive financial advisor to Visonic Ltd. (TASE: VSC.TA) ("Visonic" or the "Company") in its sale to Tyco International's (NYSE: TYC) ("Tyco") Security Products business unit for approximately $100 million in cash, or approximately $2.26 per share. Visonic is a leading developer and manufacturer of wireless home security and safety systems components. The transaction will help expand both companies' security technologies and products to new business and provide access to new markets and significant growth opportunities. By becoming part of Tyco, Visonic will be able to provide innovative wireless technology and products to Tyco Security Products' Intrusion business and enable both businesses to leverage the strengths of their combined research & development and manufacturing facilities. The transaction has been approved by the Tyco and Visonic boards of directors and is subject to customary closing conditions, including the receipt of domestic and foreign regulatory approvals and the approval of Visonic's shareholders.

Visonic Founder and Chairman Yaacov Kotlick said, "Imperial Capital was instrumental in executing a successful transaction and their industry and market expertise was invaluable throughout the process. They correctly positioned the Company to find a strategic partner that offered significant growth opportunities. Imperial Capital drove the sales process while allowing the management team to focus on running the business."

Imperial Capital, LLC served as the exclusive financial advisor to Visonic for the transaction. "We are thrilled to have helped maximize value for the shareholders of Visonic as well as finding a partner to help the Company grow and enter new markets," according to John E. Mack III, Managing Director and Co-Head of Investment Banking at Imperial Capital. Jason Reese, Chairman and CEO of Imperial Capital, states, "This transaction highlights Imperial Capital's expertise in the security industry as well as our firm's ability to work successfully with international clients."

About Imperial Capital, LLC
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Minneapolis, Boston, and Chicago. The firm currently employs over 185 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.

About Visonic Ltd.
Visonic Ltd., founded in 1973, is a leading developer and manufacturer of cutting-edge home security systems and components that provide people around the world peace of mind and safety in their homes. Building on its decades-long position at the forefront of home security innovation, Visonic is today leading the drive to expand the boundaries of security, offering advanced solutions to the full range of residential safety needs, from securing the house and contents to safeguarding the health and comfort of the people who live there. Visonic's offerings include a wide variety of home security systems, personal emergency response and safety systems, and a market leading variety of peripherals. Visonic is headquartered in Israel, where it operates a development center and manufacturing plant. Its sales and marketing subsidiaries in the USA, Germany, UK, Poland and Spain are supplemented by a worldwide network of distributors, serving a growing installed base that spans around 100 countries. More information about Visonic can be found at www.visonic.com.

Contact Information