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ABB CONCISE, LLC Acquired by New Mountain Capital

Monday, November 5, 2012

William Blair & Company acted as exclusive financial advisor to ABB CONCISE, LLC ("ABB"), a portfolio company of Riordan, Lewis & Haden (“RLH”), in connection with its sale to New Mountain Capital ("NMC"). Terms of the deal were not disclosed.

ABB is the largest optical distributor in the U.S., operating as an impartial, trusted and independent source of marketing and logistics solutions for eye care professionals (“ECPs”), retailers and manufacturers. ABB has built a platform that delivers over 250,000 products and solutions from leading global optical manufacturers to over 20,000 ECPs.  ABB possesses more capacity, customers and inventory than any optical distributor, and has strategic relationships across the optical industry.

RLH is based in Southern California and invests in high growth, lower middle market, enterprises. Focused on business services, healthcare, and government services, RLH has a demonstrated track record of consistent success over the past 30 years.  The firm currently manages over $600 million of assets.

New Mountain Capital is a New York-based private equity firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private and public equity funds with approximately $9 billion in aggregate capital commitments. NMC seeks out the highest-quality growth leaders in carefully selected industry sectors.

William Blair was engaged by ABB to evaluate various strategic and financial alternatives, including a sale of ABB. In connection with the engagement, William Blair advised ABB regarding the strategic merits of a transaction, developed a descriptive memorandum, marketed ABB to potential acquirers, created a management presentation, coordinated the due diligence process and assisted in negotiating the key elements of the letter of intent and definitive purchase agreement.

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