BB&T Advises Dr. Comfort on Its Sale to DJO Global in Transaction Valued at $254.6 Million
RICHMOND, Va., April 18, 2011 /PRNewswire/ — BB&T Capital Markets served as the exclusive financial advisor to Rikco International LLC, d/b/a Dr. Comfort, the leading developer, manufacturer and marketer of therapeutic footwear and related medical and comfort products, in its sale to DJO Global, an international provider of medical device solutions for musculoskeletal health, vascular health and pain management based in Vista, Calif. Dr. Comfort generated net sales of $71.8 million in 2010, reflecting growth of 22.5 percent over net sales of $58.6 million for the year ended Dec. 31, 2009.
The deal, which closed on Apr. 7, was valued at $254.6 million.
The transaction represented a collaborative effort between BB&T Capital Markets' Healthcare and Consumer Investment Banking groups and was led by Michael Weber (Healthcare).
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This news release is neither an offer to sell nor a solicitation of an offer to buy any securities.
SOURCE BB&T Corporation