IMG

Background

KPMG Corporate Finance was engaged to explore alternative sources of financing for International Marble and Granite of Colorado, Inc. (IMG) which had been given notice by its bank. In the process, KPMG Corporate Finance approached several financial and strategic buyers to evaluate their interest in the business and advised IMG to consider a full sale in order to maximize value for shareholders.

Our Role

KPMG Corporate Finance provided advice throughout the sale process which included preparing the information memorandum, completing a valuation, identifying and contacting potential purchasers, preparing and coordinating management presentations, managing the auction process and managing the negotiations through to completion. KPMG Corporate Finance also liaised with the bank throughout the process to ensure that it kept its lines of credit open.

The Outcome

A final agreement was reached with Dal-Tile Group, a subsidiary of Mohawk Industries, Inc., a leader in the U.S. floor covering industry with revenues of over US$4.5 billion.