| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| UniCapital Corporation |
| 1111 Kane Concourse, Suite 301, Bay Harbor Island, FL 33154 * (305) 861-0603 |
| The company was founded in October 1997 to create a national consolidator and operator of equipment leasing and specialty finance businesses serving the commercial market. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| NYSE: | UCP | Financial: | SIC 6159 | |
| Type of Shares: | Common Shares | Filing Date: | 2/20/98 | |
| U.S. Shares: | 28,000,000 | Offer Date: | 5/14/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $18.00 - $20.00 | |
| Primary Shares: | 28,000,000 | Offer Price: | $19.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.14 | |
| Offering Amount: | $532,000,000 | Selling: | $0.70 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 48,100,000 | |||
| Employees: | 339 |
| Issuer's Law Firm: | Morgan, Lewis & Bockius |
| Bank's Law Firm: | Davis, Polk & Wardwell |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Price Waterhouse |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $238.45 | Assets: | $1,113.93 | ||
| Net Income: | $22.92 | Curr Assets: | |||
| EPS: | Liabilities: | $884.90 | |||
| Prior EPS: | Curr Liab: | ||||
| Cash Flow/Oper: | Equity: | $229.04 | |||
| Cash Flow/Fin: | Cash: | $18.65 | |||
| Cash Flow/Inv: | |||||
| Competition |
| The business of financing equipment is highly competitive. The Company competes for customers with a number of national, regional and local equipment leasing and finance companies. In addition, the Company's competitors include those equipment manufacturers that finance the sale or lease of their products themselves and other traditional types of financial services companies, such as commercial banks and savings and loan associations, all of which provide financing for the purchase of equipment. Many of the Company's competitors and potential competitors possess substantially greater financial, marketing and operational resources than the Company. The Company's competitors and potential competitors include larger, more established companies which may have a lower cost of funds than the Company and access to capital markets and to other funding sources which may be unavailable to the Company. |
| Business Plan |
| The Company's goal is to become a leading consolidator and operator of equipment leasing and specialty finance businesses. Key elements of the Company's strategy include: (I) Pursue Strategic Acquisitions, (ii) Provide Greater Access To Capital At Lower Cost, (iii) Achieve Operating Efficiencies, (iv) Expand Products and Service Opportunities and (iv) Operate with Decentralized Management. |
| 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 indebtedness in the Merrimac assumed by Unicapital in the Merrimac Merger and indebtedness of Jacom incurred to fund an S Corporation distribution to the stockholder of Jacom immediately prior to the Jacom Merger and for general corporate purposes including possible acquisitions. |