Oct 8, 2014 – (Press Release Date)
Monomoy acquired Cobra Electronics
Monomoy Capital Partners today announced that it has acquired Cobra Electronics Corporation (NASDAQ: COBR) at a price of $4.30 per share. and Cobra Electronics will be delisted (Going private) and added to Monomoy portfolio list.
William Blair & Co., LLC acted as financial advisor, and Sidley Austin LLPacted as legal advisor, to Cobra Electronics. Houlihan Lokey acted as financial advisor, and Kirkland & Ellis, LLP acted as legal advisor, to Monomoy Capital Partners.
About Cobra Electronics Corporation
Cobra Electronics is a leading global designer and distributor of communication and navigation products, with a track record of delivering innovative and award-winning products. Cobra is a market leader in the two-way radio, radar detector and citizens band radio sectors. The company has recently expanded into the marine radio market and has expanded its European operations. The Consumer Electronics Association, Forbes and Deloitte have all recognized Cobra for the company’s innovation and industry leadership. www.cobra.com
About Monomoy Capital Partners
Monomoy Capital Partners is a private equity firm with $700 million in committed capital that makes controlling investments in middle market businesses in the manufacturing, distribution, consumer product and foodservice sectors. Monomoy implements customized business improvement programs at its portfolio companies that reduce operating expenses, increase profitability and support profitable growth. www.mcpfunds.com