| IPO Company Profile |
| SEC Filings | Peer IPO Companies |
| Albecca Inc. |
| 3900 Steve Reynolds Boulevard, Norcross, GA 30093 * (770) 279-5200 |
| Albecca, which primarily does business under the Larson-Juhl name, is a worldwide leader in the custom framing industry. Albecca designs, manufactures and distributes a complete line of high quality, branded custom framing products. |
| Manager | Tier | Phone |
| Morgan Stanley Dean Witter Discover & Co. | Lead Manager | (212) 761-5900 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Wheat First Union | Co-manager |
| Employees: | 2979 | Wholesale: | SIC 5199 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 5/22/98 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $75,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Post-IPO Shares: |
| Issuer's Law Firm: | Nelson Mullins Riley & Scarbourough |
| Bank's Law Firm: | Jones, Day, Reavis & Pogue |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 8/31/97 | 3/1/98 | 2/23/97 | 3/31/98 | ||
| Revenue: | $354.06 | $199.81 | $186.02 | Assets: | $243.50 |
| Net Income: | $14.86 | $7.55 | $8.42 | Curr Assets: | $144.17 |
| EPS: | Liabilities: | $203.63 | |||
| Prior EPS: | Curr Liab: | $94.71 | |||
| Cash Flow/Oper: | $23.45 | $11.98 | $13.36 | Equity: | $39.87 |
| Cash Flow/Fin: | $0.20 | $12.39 | $3.52 | Cash: | $5.59 |
| Cash Flow/Inv: | -$22.51 | -$23.73 | -$16.30 | Working Cap: | $49.46 |
| Competition |
| Competition is strong in the segments of the custom framing industry in which the Company operates. The Company competes with numerous domestic and foreign manufacturers and distributors of custom framing products. The Company's business depends on its ability to anticipate and respond to changing consumer tastes and demands by producing marketable products, as well as on its ability to remain competitive in the areas of quality, delivery and price. In a broader sense, the Company also faces competition from other forms of home decorating products and services. There can be no assurance that the Company will be able to maintain its operating income margins if the competitive environment changes. |
| Business Plan |
| Albecca has maintained a consistent operating strategy which has allowed the Company to achieve a goal of growing operating income faster than net sales in each fiscal year after 1988. The principal elements of Albecca's operating strategy are: (I) Leadership in Design and Premium Branded Products, (ii) Global Leadership in Sales and Customer Service, (iii) Efficient, Low Cost Manufacturing and Distribution and (iv) Complete Line of Quality Products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay a credit facility and to repay Notes in connection with the company's termination of the company's S Corporation for general corporate purposes. |