| Ticker: | CBCG | 533 South Fremont Avenue | |
| Exchange: | NASDAQ-National Market | Los Angeles, California 90071 | |
| Industry: | Financial | (213) 613-3123 |
| Type of Shares: | Common Shares | Filing Date: | 9/26/96 | |
| U.S. Shares: | 4,347,000 | Offer Date: | 11/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $21.50 - $23.50 | |
| Primary Shares: | 4,347,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.40 | |
| Offering Amount: | $97,807,500 | Selling: | $0.80 | |
| Expenses: | $911,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Montgomery Securities | Co-manager | (415) 627-2220 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $468.46 | $243.70 | $208.29 | Assets: | $189.76 |
| Net Income: | $7.41 | $1.63 | -$2.87 | Liabilities: | $340.77 |
| EPS: | $0.56 | $0.12 | -$0.25 | Equity: | -$151.01 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company believes that it is the largest vertically-integrated commercial real estate services company in the United States with aggregate 1995 revenue of $468.5 million and 231 business unit offices in 107 locations. In addition, the company has established exclusive alliances with international commercial real estate service firms which have offices in an additional 109 locations in 30 countries. These relationships are reciprocal referral arrangements whereby the company's clients who require services in a geographic region serviced by its alliance partners must be referred by the company to its alliance partner operating in that region. Conversely, the company's alliance partners are obligated to refer their clients with commercial real estate needs in the United States to the company. These alliances have not generated significant revenues to date. The company's diverse client base includes local, national and multinational corporations, financial institutions, pension funds and other tax exempt entities, local, state and national governmental entities, and individuals. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay a potion of the company's senior secured indebtedness and will be used to pay accrued and unpaid interest on the company's senior subordinated indebtedness and for general corporate purposes. |
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