| Vestcom International, Inc. | |||
| Ticker: | VESC | 1100 Valley Brook Avenue | |
| Exchange: | NASDAQ-National Market | Lyndhurst, NJ 07071 | |
| Industry: | Service (SIC Code 7389) | (201) 935-7666 | |
| Type of Shares: | Common Shares | Filing Date: | 3/18/97 | |
| U.S. Shares: | 3,850,000 | Offer Date: | 7/29/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 3,850,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $46,200,000 | Selling: | $0.50 | |
| Expenses: | $2,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,997,303 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7400 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Issuer's Law Firm: | Lowenstein, Sandler, Kohl, Fisher & Boylan |
| Bank's Law Firm: | Morgan, Lewis & Bockius |
| Auditor: | Arthur Andersen |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $65.37 | Assets: | $65.85 | ||
| Net Income: | $3.15 | Curr Assets: | |||
| EPS: | $0.35 | Liabilities: | $51.34 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | -$0.08 | Equity: | $14.51 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was incorporated in September 1996 to create an international provider of computer output and document management services. The company plans to achieve this goal by acquiring companies that provide similar and complementary services in the highly fragmented computer output and document management services industry. Upon the consummation of the Offering, the company will concurrently acquire seven computer output and document management services companies servicing various markets in the northeast, Midwest and Southeast regions of the U.S. and in the Province of Quebec, Canada. The company intends to operate on a decentralized basis with each acquired company's local management continuing to exercise responsibility for customer relationships and day-to-day operating decisions. Each acquired company will be supported by marketing and product development programs, financial controls and operating systems provided by the company. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the Founding Companies, to repay certain indebtedness of Vestcom and of the Founding companies, to pay certain fees in connection with the acquisitions and for general corporate purposes including future acquisitions. |