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ROTH Capital Partners Completes
$32 Million Common Stock
Offering for Selling Stockholder
of Kid Brands, Inc. (KID) |
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Transaction Information
On June 10, 2010 Kid Brands, Inc. (NYSE: KID) announced
that one of its stockholders, D.E. Shaw Laminar Portfolios, L.L.C. has priced an underwritten secondary public offering of
4,399,773 shares of the Company's common stock at a per share price of $7.25. The
offering of the shares was made pursuant to a registration statement
previously filed with the Securities and Exchange Commission. ROTH
Capital Partners acted as the sole manager of the offering.
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Client Information
Kid Brands, Inc. and
its subsidiaries are leaders in the design, development and distribution of
infant and juvenile branded products. Its design-led products are primarily
distributed through mass market, baby super stores, specialty, food, drug,
independent and e-commerce retailers worldwide.
The Company's operating
business is composed of four wholly-owned subsidiaries: Kids Line, LLC; LaJobi,
Inc; Sassy, Inc.; and CoCaLo, Inc. The Company also
markets certain categories of products pursuant to various licenses, including
Carter's®, Disney®, Graco® and Serta®. Additional information about the Company
is available at
http://kidbrandsinc.com/
(Source: Company Press Release).
ROTH Capital Partners
Roth Capital Partners, LLC (ROTH),
is a relationship-driven full service investment bank focused on identifying
opportunities for institutional investors in U.S.-listed equity securities of
companies based in the U.S. and China. Headquartered in Newport Beach, CA, with
offices throughout the U.S. and a Shanghai Representative Office, the
employee-owned firm provides analytical research, trading, capital raising, and
business combination advisory services. ROTH seeks to implement innovative
financing strategies to efficiently meet the liquidity and valuation
requirements of both its corporate and institutional investor clients. |
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The material, information and facts discussed in this
announcement other than the information regarding ROTH Capital Partners, LLC
(“ROTH”) and its affiliates, are from sources believed to be reliable, but are
in no way guaranteed to be complete or accurate. This announcement should not be
used as a complete analysis of any companies, securities or topics discussed
herein. Additional information is available upon request. This is not, however,
an offer or solicitation of the securities discussed. Any opinions or estimates
in this announcement are subject to change without notice. An investment in any
security based on this announcement may involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Additionally, such investments may involve a high degree of risk and
may not be suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of ROTH. Copyright
2010.
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ROTH Capital Partners
24 Corporate Plaza
Newport Beach, California 92660
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