| Ticker: STYL | One East Cambelback Road | |
| Exchange: NASDAQ-National Market | Phoenix, Arizona 85012 | |
| Industry: Manufacturing | (602) 263-2362 |
| Type of Shares: | Common Shares | Filing Date: | 9/20/96 | |
| U.S. Shares: | 2,900,000 | Offer Date: | 11/21/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,900,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $31,900,000 | Selling: | $0.42 | |
| Expenses: | $1,328,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,894,422 |
| Manager | Tier | Phone |
| Friedman, Billings, Ramsey & Co., Inc. | Lead Manager | (703) 312-9500 |
| Prime Charter Ltd. | Co-manager | (212) 487-3849 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $25.18 | $13.34 | $14.59 | Assets: | $9.58 |
| Net Income: | $2.66 | $1.65 | $1.65 | Liabilities: | $6.41 |
| EPS: | $0.67 | $0.41 | $0.41 | Equity: | $3.17 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, produces, and markets high-end professional salon products, including hair care, nail care, and skin and body care products as well as salon appliances and salonwear. The company sells its products primarily to beauty and tanning supply distributors and, to a lesser extent, directly to spas, resorts, health and country clubs, beauty salon chains, and hair, nail, and tanning salons throughout the United States as well as internationally. On a combined basis, total revenue of the company exceeded $25 million in 1995. Styling was founded in June 1995. Although Styling itself has conducted no operations to date, it will acquire, simultaneously with the consummation of the Offering, four professional salon product businesses that, on a combined basis, have a diversified line of well-established, brand-name professional salon products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the acquired businesses, to repay the company's Bridge Notes, and to provide funds for working capital and other general corporate purposes. |
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