Cat Trail Capital, a merchant bank based in Weston, Conn., plans to restructure its note with NuVision Inc. in a deal that will give the firm a 99% stake in the company. NuVision is a maker of LDC HDTV’s based in Scottsdale, Ariz.
Cat Trail Capital, LLC, a merchant bank focusing upon private equity transactions concentrating on small- to middle-market companies within the media, technology and biotechnology sectors, announces today that it will restructure its Note with NuVision, Inc. a manufacturer of high-end, deep-black 1080p LCD HDTV’s. Under the terms of the restructuring, Cat Trail Capital has increased its lending facility and made a capital commitment that gives the firm 99% ownership of NuVision.
“Despite the down economy, we have seen continued growth in NuVision and we are excited to be a part of their success,” says Chad Hellman, CFO of Cat Trail Capital and Chairman of NuVision. “We firmly believe in NuVision’s company philosophies and products and we are committed to seeing the venture be productive through ongoing capital commitments and operation oversight.”
While other consumer electronics manufacturers have pulled out of the HDTV market, NuVision has seen continued success and increased its business 60% in 2008. Working only with a pre-qualified, exclusive dealer network, NuVision is positioned as a high-end brand that caters to discerning technology connoisseurs.
About Cat Trail Capital, LLC:
Cat Trail Capital, LLC is a merchant bank with financial investment and private equity interests in small to middle-market private companies, holdings in publicly traded companies, and partnerships with top investment managers. Cat Trail’s objectives are to partner with outstanding management teams in innovative companies within the technology (with an interest in green tech) and health sciences sectors and to manage its diversified investments for long-term capital appreciation. Cat Trail Capital is the merchant-banking arm of Cat Trail Management, a single family office.
Founded in 2005, Scottsdale, AZ- based NuVision, Inc.is a manufacturer of high-end 1080p Deep Black LCD HDTV’s. Known for their premium quality and elegant appearance, NuVision displays are truly made by connoisseurs, for connoisseurs. To ensure that customers receive the best support, service and set up, NuVision products are only sold through an exclusive, pre-qualified dealer network.
For more information visit: www.NuVision.com