ADVISER TO DERUIBO TIRE COMPANY
Grand Avenue Capital was engaged by the Deruibo Tire Company of Dongying, Shandong Province, PRC to raise $US 90 million to fund its aggressive acquisition and expansion plans.
The company was the world's 35th largest tire maker as ranked in Tire Business' annual Global Tire Report, expected to grow to over $US 900 million in 2013 sales. It had annual manufacturing capacity of 33 million car, light truck, medium truck and OTR tires.
After conducting a worldwide search for financial and strategic investors, Grand Avenue received, evaluated and made recommendations to the board of Deruibo regarding offers from two global private equity groups.
About Grand Avenue Capital Investment Bankers
Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution. Grand Avenue Capital becomes a trusted adviser to its clients.
Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital augments its international capabilities through its active participation in One to One Corporate Finance, an exclusive global alliance of M&A advisory firms.