RICHMOND, Va., April 18, 2011 /PRNewswire/ -- BB&T Capital Markets served as the exclusive financial advisor to Rikco International LLC, d/b/a Dr. Comfort, the leading developer, manufacturer and marketer of therapeutic footwear and related medical and comfort products, in its sale to DJO Global, an international provider of medical device solutions for musculoskeletal health, vascular health and pain management based in Vista, Calif. Dr. Comfort generated net sales of $71.8 million in 2010, reflecting growth of 22.5 percent over net sales of $58.6 million for the year ended Dec. 31, 2009.
The deal, which closed on Apr. 7, was valued at $254.6 million.
The transaction represented a collaborative effort between BB&T Capital Markets' Healthcare and Consumer Investment Banking groups and was led by Michael Weber (Healthcare).
BB&T Capital Markets
BB&T Capital Markets, a division of Scott & Stringfellow, LLC, a wholly-owned non-bank subsidiary of BB&T Corporation, provides a full-spectrum of investment banking and corporate banking services including M&A advisory, equity underwriting, equity sales and trading, debt capital markets, fixed income sales and trading, equity and fixed income research, corporate banking and syndicated financing. More information about BB&T Capital Markets and its full line of products and services is available at http://www.bbtcapitalmarkets.com.
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $157.1 billion in assets and market capitalization of $18.3 billion, as of Dec. 31, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.
This news release is neither an offer to sell nor a solicitation of an offer to buy any securities.
|SOURCE BB&T Corporation|
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