Integrating an Effective Capital Solution

Recapitalization of Park Place International by JPMorgan Chase

Western Reserve acted as financial advisor to Park Place International, Inc. in its recapitalization by JPMorgan Chase.

Park Place International, Inc., located in Chagrin Falls, Ohio, is a leading professional services provider offering products and services to improve the efficiency, effectiveness, and useful life of customers’ mission-critical and enterprise IT systems. Park Place delivers its products and services through two business segments: Systems Integration and Systems Maintenance. Systems Integration encompasses professional services, including network and data center design, deployment, integration, and hardware sales. Systems Maintenance includes post-warranty maintenance of critical IT infrastructure for a broad array of hardware and software platforms.

Western Reserve was retained by the shareholders of Park Place to find a financial partner that would provide partial liquidity and help accelerate the growth of the business. Due to its recurring, contracted revenue and rapid growth, Park Place was very well received in the market and received seven Letters of Intent.

Park Place was recapitalized by JPMorgan Chase in June 2007. The transaction allowed the company’s founders to achieve partial liquidity, retain control and establish an incentive equity and option plan for key managers.