Sperry Mitchell Finds Success In Europe
Sperry Mitchell, a husband-and-wife boutique formed by Paul Sperry and Beatrice Mitchell, has four letter-of-intent proposals from private equity firms which, considering the frozen state of the credit markets, isn’t an insignificant accomplishment. Yet, it’s the selling of family held businesses like Morgan that has epitomized the strong cross-border interest the M&A boutique has garnered from European strategics this year. One such deal that happened at the beginning of the year involved the $36 million purchase by Ireland’s Clondalkin Group, a portfolio company of New York’s Warburg Pincus, of Sperry Mitchell client Accutech Films, a Coldwater, Ohio-based company.
Perhaps more importantly, the cross-border transactions are proof that the unique sell side-only approach that Sperry and his wife, who Sperry calls “the rainmaker,” works. …
To view the entire article: (click below)