| Ticker: CWC | 16 West 61st Street | |
| Exchange: New York Stock Exchange | New York, New York 10023 | |
| Industry: Service | (212) 541-5300 |
| Type of Shares: | Common Shares | Filing Date: | 12/18/95 | |
| U.S. Shares: | 3,065,198 | Offer Date: | 3/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 3,065,198 | Offer Price: | $17.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.19 | |
| Offering Amount: | $49,043,168 | Selling: | $0.70 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,106,555 | |||
| Spin out parent firm: | Warburg Pincus Investors, L.P. | |||
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Schroder Wertheim & Company, Incorporated | Co-manager | (212) 492-6900 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $81.13 | $20.41 | $11.40 | Assets: | $48.77 |
| Net Income: | $0.77 | -$1.07 | -$1.75 | Liabilities: | $62.11 |
| EPS: | $0.49 | -$0.07 | -$0.20 | Equity: | -$13.34 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading national producer of meetings, events, training programs and related business communications services that enable businesses to inform, sell to and train their sales forces, dealers, franchisees, partners and stockholders. The company believes that its principal strengths are the depth of its creative and production talent, its ability to consistently meet its clients' objectives and expectations and its ability to manage effectively and reliability several complex, large-scale projects contemporaneously. Caribiner's clients are typically large companies that have a business need to communicate with sizable internal and external constituencies on a regular basis and include some of the world's largest companies in diverse industries. Major clients include the Ford Motor Co., International Business Machines Corporation, Schering-Plough, Holiday Inn Worldwide, Shell Oil Company and McDonald's Corporation. The company has offices in Atlanta, Boston, Chicago, Dallas, Detroit, Houston, Los Angeles, New York, San Francisco and White Plains. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay all outstanding bank borrowings and substantially all other long-term indebtedness, and pay all accrued preferred stock dividends, and the balance will be available to fund working capital needs, make acquisitions of companies in the business communications industry and for general corporate purposes. |
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