ÿþ<html><!-- InstanceBegin template="/Templates/casestudy.dwt" codeOutsideHTMLIsLocked="false" --> <head> <meta http-equiv="content-type" content="text/html;charset=iso-8859-1"> <meta http-equiv="REFRESH" content="0;url=http://www.zacharyscott.com/case-studies/mergers-acquisitions/coastal-villages.aspx"> <!-- InstanceBeginEditable name="doctitle" --> <title>Coastal Villages Case Study for Zachary Scott</title> <!-- InstanceEndEditable --> <link href="../css/ZSstyle.css" rel="stylesheet" type="text/css" media="all"><script language="JavaScript" src="../js/zs.js"></script> <!-- InstanceBeginEditable name="head" --><!-- InstanceEndEditable --> </head> <body class="bodytile" onLoad="MM_preloadImages('../images/servicesnavOver.jpg','../images/teamnavOver.jpg','../images/casenavOver.jpg','../images/insightnavOver.jpg','../images/aboutnavOver.jpg','../images/contactnavOver.jpg')" bgcolor="#ffffff"> <table width="975" border="0" cellspacing="0" cellpadding="0"> <tr> <td align="center" 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bgcolor="#818386" width="152"><a href="index.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('casestudy','','../images/casenavOver.jpg',1)"></a><a href="../insight/index.html" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('insight','','../images/insightnavOver.jpg',1)"><img src="../images/insightnavNormal.gif" alt="Insight Newsletter from Zachary Scott" name="insight" width="152" height="20" border="0"></a></td> <td bgcolor="#818386" width="93"><a href="../contact/index.html" onMouseOver="MM_swapImage('contact','','../images/contactnavOver.jpg',1)" onMouseOut="MM_swapImgRestore()"><img src="../images/contactnavNormal.gif" alt="Contact Information for Zachary Scott" name="contact" width="93" height="20" border="0"></a></td></tr></table></td> </tr> <tr> <td valign="top" bgcolor="#003082" width="200" height="100%"><br> <!-- InstanceBeginEditable name="left menu" --> <ul> <li><a href="index.html">Introduction</a> <li><span class="breadcrumb">Mergers, Acquisitions<br>and Divestitures</span><br> <span id="submenu"> <a href="american.html">American Seafoods Group</a><br> Coastal Villages<br> <a href="davinci.html">Da Vinci Gourmet, Ltd.</a><br> <a href="fibres.html">Fibres International</a><br> <a href="insulfoam.html">Insulfoam</a><br> <a href="ivey.html">Ivey Imaging</a><br> <a href="jubilee.html">Jubilee Fisheries</a><br> <a href="jubilee2.html">Jubilee Fisheries</a><br> <a href="LRS.html">Little Red Services, Inc.</a><br> <a href="mp.html">MacGregor Publishing</a><br> <a href="mikron.html">Mikron Industries, Inc.</a><br> <a href="mikron2.html">Mikron Industries, Inc.</a><br> <a href="mountain.html">Mountain Safety Research</a><br> <a href="nile.html">Nile Spice Foods</a><br> <a href="odom.html">The Odom Corporation</a><br> <a href="odom2.html">The Odom Corporation</a><br> <a href="ppf.html">Premier Pacific Seafoods</a><br> <a href="ppd.html">Premier Plastics</a><br> <a href="pro-tech.html">Pro-Tech, Inc</a><br> <a href="rabanco.html">Rabanco Group</a><br> <a href="sage.html">Sage</a><br> <a href="sea-bird.html">Sea-Bird Electronics</a><br> <a href="seacoast.html">Sea Coast Foods, Inc.</a><br> <a href="span.html">Span Alaska</a><br> <a href="sun.html">Sun Media</a><br> <a href="tpe.html">Truck Parts & Equipment Co.</a><br> <a href="viking.html">Viking Industries, Inc.</a><br> <a href="wpi.html">Western Peterbilt, Inc.</a><br> <a href="working.html">Working Solutions</a><br> <a href="yakima-waste.html">Yakima Waste Systems, Inc.</a> </span> <li><a href="blackrock.html">Private Placements<br>of Capital</a> <li><a href="hwfoods.html">Distressed Company<br>Situations</a></li> <li><a href="../services/corporate.html">Corporate Finance<br>Consulting</a></li> </ul> <!-- InstanceEndEditable --></td> <td colspan="7" valign="top" height="100%"> <div align="center" > <p class="line"> <!-- InstanceBeginEditable name="title image" --><img src="../images/coastalvillages.gif" alt="" height="20" width="150" border="0" class="line"><!-- InstanceEndEditable --></p> </div><br><br><br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td align="right" valign="top" width="265"> <!-- InstanceBeginEditable name="tombstone" --><img src="../images/AmericanSeafoodTStone2.gif" height="263" width="200" border="1"><!-- InstanceEndEditable --><br> <img src="../images/blank.gif" alt="" height="10" width="265" border="0"></td> <td class="vline" valign="top" width="20" height="100%"><img src="../images/blank.gif" alt="" height="400" width="32" border="0"></td> <td class="righttext" valign="top" width="110%" height="100%"> <!-- InstanceBeginEditable name="text content" --> <p class="righttext"><span class="parahead">Situation</span><br>Coastal Villages Region Fund ( CVRF ) had been a partner in the ownership of American Seafoods ( ASC ) since 2000. After ten successful years as a minority investor, CVRF s objectives had evolved into a desire to directly manage its own seafood assets. A recapitalization of ASC presented the opportunity to achieve that objective.</p> <p class="righttext"><span class="parahead">ZS Role</span><br> Zachary Scott was engaged by CVRF to advise on the structure and value of the recapitalization transaction.</p> <p class="righttext"><span class="parahead">Results</span><br>A recapitalization of ASC was negotiated in which CVRF exchanged its ownership interest in ASC for certain Pollock and Pacific Cod vessels and their associated fishing rights.</p> <!-- InstanceEndEditable --></td> </tr> </table> </td> </tr> </table> </body> <!-- InstanceEnd --></html>