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Riverside Group, Inc. (OTC: RSGI) is a holding company that includes a 34% equity interest in Wickes Inc. (NASDAQ: WIKS), real estate assets and other equity investments |
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Wickes is a leading distributor and manufacturer of building materials and products with over $550 million in annual revenues |
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Riverside received a proposal from its largest creditor, Imagine Investments, Inc., to exchange $13.9 million of indebtedness for shares of Wickes common stock held by Riverside |
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TM Capital was retained as exclusive financial advisor to the Board of Directors of Riverside to evaluate the fairness of the terms of the debt-equity exchange proposed by Imagine |
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TM Capital provided a fairness opinion to the Board of Directors of Riverside in connection with the completion of this debt-equity exchange with Imagine |