|
Noble Fiber
Technologies, Inc. is one of the fastest growing private companies
in the United States and the maker of X-STATIC®, a silver-coated
advanced material system sold for use in consumer, medical, military
and industrial applications.
Sauquoit Industries
was the developer of the X-STATIC® technology and the only company
in the world capable of manufacturing the product.
Realizing the
synergistic potential of a combined company, the shareholders of
both entities sought to merge the businesses. The shareholders also
realized that in order to support their anticipated growth they
would need an infusion of growth capital, but the shareholders did
not want to lose control of the Company in connection with this
financing.
The shareholders
of Noble Fiber asked Curtis Securities to help them accomplish their
strategic objectives. Curtis Securities advised in the Companys
merger with Sauquoit Industries and initiated and advised the Company
in a comprehensive growth capital raising transaction in which the
Company received $13 million in growth capital from TL Ventures
and DuPont Capital Management.
|