Scovill Fasteners Inc., a 209-year-old manufacturer of engineered closure products for the apparel and industrial markets, has completed a sale of the company to an affiliate of the Gores Group LLC, a Los Angeles-based private equity firm. The investment banking group of Carl Marks Advisory Group LLC acted as exclusive financial advisor to Scovill.
Founded in 1802 in Waterbury, Conn., Scovill Fasteners filed for Chapter 11 bankruptcy protection in April. At the time of filing, Global SFI Holdings LLC, an affiliate of the Gores Group, emerged as the stalking horse bidder for all the assets and operations of the company. Once filed, …
Read the full Article via Carl Marks Acts as Financial Advisor in Sale of Scovill Fasteners — NEW YORK, July 13, 2011 /PRNewswire/ —.