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News | 06.08.15

Channel Control Merchants Completes Equity Financing with KKR

June 8, 2015 - Morrison Cohen client Channel Control Merchants, LLC, an extreme value retailer of secondary market inventories, completed a significant equity financing with an affiliate of Kohlberg Kravis Roberts & Co. L.P., a leading global investment firm.

Channel Control Merchants specializes in the purchase and resale of store level inventories and customer returns from Fortune 500 and other well-known U.S. retailers and manufacturers, and operates 60 retail stores in Mississippi, Alabama, Louisiana, Tennessee, Arkansas, Florida, Texas and California.

The Morrison Cohen team successfully represented the Company in an auction process that generated significant interest among several high profile private equity sponsors. In addition, the team provided strategic advice on several fronts including complicated tax issues; executive compensation and management incentive matters; the Hart-Scott-Rodino process; and all real estate aspects of the transaction. For more details, please click here.
 

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