TDS Logistics, Inc.

Business Description

TDS Logistics, Inc. ("TDS") is an international supplier of value added material handling logistics solutions (inbound and outbound logistics) to the automotive industry. The company is fully integrated into the automotive production model with 33 plants located in nine countries, primarily in North America and Europe. TDS provides just-in-time mission critical services to the original equipment manufacturers' assembly plants (inbound logistics) as well as specialized export packaging and shipping (outbound logistics) primarily to China.

Transaction Overview

Mezzanine financing was used to support the buyout of the Company by a prominent U.S. equity sponsor and the management team.

In addition, the mezzanine debt gave the company additional liquidity to finance growth and expand the business.

Exit Strategy

In February 2007, TDS Logistics and Walsh Western International merged and the mezzanine debt was subsequently repaid. The merged company will be a leading global provider of supply chain solutions for the automotive industry, as well as the technology sector. The merged company has a total of 54 facilities operating across North and South America, Europe and Asia, employing more than 9,000 people globally.