Placard News
 
20/11/06
Placard sale announcement.

 

Notice to Placard’s valued Clients,

I would like to announce that MDC Partners has completed negotiations to sell its stock of Secure Products International (www.spi-worldwide.com) to H.I.G. Capital. S.P.I. is comprised of four security-printing companies, Metaca, Mercury Graphics and Ashton Potter based in the U.S.A. and Placard in Melbourne Australia.

H.I.G. Capital LLC ("H.I.G.") is a leading private equity investment firm with more than US$3 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to companies with attractive growth potential. H.I.G. invests in profitable and well-managed manufacturing or service businesses. Since its founding, H.I.G. has completed in excess of 70 transactions. The firm currently manages a portfolio of more than 40 companies with combined revenues in excess of US$5 billion.

Management and staff at Placard would like to assure all of our clients, that there will be no changes to the way we operate the business and the service levels you have come to expect from Australia’s leading Plastic Card manufacturer will continue to be delivered to you.

Placard remains the only fully secure, Visa and MasterCard accredited printing and bureau facility operating within Australia.

Should you have any questions please do not hesitate to call.

 

Ganesh Ganeshalingam
Managing Director.


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