Transaction

• Whisper Creek manufactures traditional look and feel log home kits which it supplies throughout the United States and Canada.
• The company sought an equity infusion for growth and working capital needs.

Challenges

• Locating a financial partner with operating experience capable of providing both strategic advice and capital
• Executing and maintaining an attractive deal during one of the most historically difficult economic atmospheres among the home manufacturing industry and economy generally
• Dealing with numerous cross boarder Tax and operating issues for both the buyer and investor

Solution

• CWC initiated a controlled auction process to determine the most appropriate investor for shareholders’ valuation and qualitative considerations.
• CWC orchestrated cross-border tax reorganization and initiated a change of domicile to appease investor concerns.
• CWC created an earnout structure which provided Management it’s much needed capital while mitigating the “pipeline” risk to the investor, who was concerned about investing in a declining economy.
• Closed the transaction at an attractive valuation in light of the economic atmosphere