Caxton-Iseman Capital’s C$804 million take-private of KIK Custom Products

Excerpt of press release by Caxton-Iseman Capital

KCP Income Fund agreed to be acquired by private investment firm Caxton-Iseman Capital Inc. for C$804 million (US $695.5 million), signaling a potential new opening in the deals market for Canadian companies designated as income trusts.

The deal comes on the heels of an announcement last fall by the Canadian federal government to tax income trusts, which were set up to pass income directly to shareholders.

KCP, which makes consumer products such as laundry detergents, household cleaners, personal-care items and over-the-counter medicines, formed a special committee in November to oversee a strategic review.

Atlas Advisors acted as financial advisor to Caxton-Iseman Capital in connection with this transaction.

Atlas Advisors is the marketing name for Atlas Advisors, LLC and Atlas Strategic Advisors, LLC. Atlas Strategic Advisors, LLC provides financial advisory services in connection with mergers, acquisitions and other similar transactions. Atlas Strategic Advisors, LLC is a wholly owned subsidiary of Atlas Advisors, LLC and a member of the FINRA.

None of the information contained in this release constitutes a recommendation, solicitation or offer by Atlas Strategic Advisors, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.