Business Description:
Brightstar is a global leader in customized distribution and supply chain solutions for the wireless industry. Brightstar operates facilities in 50 countries on six continents, giving it the largest global reach for its customers. The company provides solutions to more than 30,000 network operators, retailers, resellers and independent agents around the world, and also represents the world's leading wireless manufacturers.
Falcon Solution:
At the time of investment, the company operated throughout the
Western Hemisphere, but generated the majority of its revenue
in Latin America. While the company had significant experience
operating there, the region nonetheless was perceived to entail
a significant amount of political and economic risk. The management
team was poised to capture significant market share but rapid
growth required long-term junior capital. The financing consisted
of both convertible senior subordinated notes and convertible
preferred stock.
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Industry:
Wireless handset distribution & logistics
Sponsor:
Management
Securities
Convertible senior subordinated notes and convertible preferred stock
Financing Challenge
Despite the company’s impressive growth trajectory, businesses in the Latin American telecommunications market were not in favor with investors; also the rapid growth required significant working capital
Exit Date:
June 2007 a private equity group recapitalized the company and Falcon monetized the majority of its holdings
Company Website:
http://www.brightstarcorp.com/ |
