VRA Advises SPG International on its Recapitalization with NewCastle Partners LLC

VRA is pleased to announce that SPG International ("SPG" or "the Company") has completed a recapitalization with NewCastle Partners LLC and other investors including Farragut Capital Partners and Route 2 Capital Partners. VRA acted as the exclusive financial advisor to SPG. Arnall Golden Gregory served as counsel to the Company. Terms of the transaction were not disclosed.

SPG International is a leading global provider of manufacturing and distributing storage products and material handling equipment to a broad range of markets, including foodservice, grocery, healthcare, industrial, schools and more.

NewCastle Partners LLC is a private equity firm that partners with business owners and management teams to build industry-leading companies. NewCastle seeks to collaborate and transform companies into businesses that maximize their full potential by combining 39 years of operating experience with private equity financial discipline.

SPG and NewCastle will work together to expand the Company's market position by leveraging SPG's key competitive advantages and blue-chip customer base. The partnership combines SPG's patented portfolio of products, best-in-class operations and deep industry expertise with NewCastle's strong track record of driving transformational growth for middle-market businesses.

"The SPG team has built an impressive business in the material handling and storage products space. The Company's unique consultative approach to clients creates a competitive advantage that's tough to match. We're excited to see what they'll accomplish next in partnership with NewCastle," said VRA Managing Director, Bill Sherman.