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Columbus Acquisition Corp.(BUS.U)

 
123Jump Rating:   Underwriters: Ladenburg Thalmann & Co. Inc.
      Lazard Capital Markets LLC
Status: Priced  
 
Address: 590 Madison Ave.,
FiledDate: 11/22/2006
  New York,
   
  NY 10022
Filed Price Range ($): $8.00
       
Telephone: 212-418-9600 Filed Offer Amount ($ Million): $115.00
       
Fax: Shares Offered (Millions): 12.50
       
Websites: Shares Outstanding (Millions): 15.62
       
Management: Andrew Intrater, CEO
IPO Date: 05/18/2007
     
  Final Offer Price ($): $8.00
       
Industry: Business Services Final Offer Size (Millions of Shares): 12.50
       
Employees: 6 Final Offer Amount ($ Million): $100.00
       
Competitors: S-1 Forms: 2007 S1-Form  download
     
   
       
     
     
     
       
 
- Avoid        - Value Gap        - Short-Term Growth        - Long-Term Growth        - Long-Term Value

Company Links
Executives Products Services
Major Stock Holders   (Prior To Offering)

Name

Class A
Andrew Intrater 86.20%
Columbus Acquisition Holdings LLC 86.20%
Jason Epstein 14.00%
Michael W. Ernestus 10.00%
Paul F. Lipari 14.00%

Major Stock Holders  (After Offering)

Name

Common Stock Class A Class B Class C Class L ADS
Andrew Intrater 0% 17.20% 0% 0% 0% 0%
Columbus Acquisition Holdings LLC 0% 17.20% 0% 0% 0% 0%
Jason Epstein 0% 2.80% 0% 0% 0% 0%
Michael W. Ernestus 0% 2.00% 0% 0% 0% 0%
Paul F. Lipari 0% 2.80% 0% 0% 0% 0%

Company Strategy
A recently organized Delaware blank check company incorporated on August 1, 2006 in order to serve as a vehicle for the acquisition of an operating business.

Product/Services Portfolio
To date, the Company has not selected or approached any target business, nor has it definitely selected any target industry, on which to concentrate its search for a business combination.

Additionally, the Company has not, nor has anyone on its behalf, taken any measure, directly or indirectly, to identify or locate any suitable acquisition candidate, nor has it engaged or retained any agent or other representative to identify or locate such an acquisition candidate.

The Company has also not conducted any research with respect to identifying the number and characteristics of the potential acquisition candidates.

The Company anticipates that target business candidates will be brought to its attention from various unaffiliated sources, including investment bankers, venture capital funds, private equity funds, leveraged buyout funds, management buyout funds and other members of the financial community.

Investment Analysis
The Company has neither engaged in any operations nor generated any revenues to date.

The Company estimates that the net proceeds from the sale of the units, after deducting offering expenses of approximately $600,000 and underwriting discounts of approximately $7.0 million, or $8.1 million if the over-allotment option is exercised in full, will be approximately $92.4 million, or approximately $106.4 million if the over-allotment option is exercised in full.

Income Data (Thousand $ Except EPS)
Year Revenues Costs Oper Income Taxes Net Income EPS
2006 0.00 0.00 0.00 0.00 -1,453 0.00

Balance Sheet Data (Thousand $)

Year

Cash Acct Recv. Inventory Total Cur Assets Total Cur Liability PPE Total Assets LT Debt SH Equity
2006 43,020 0.00 0.00 0.00 361,500 0.00 385,047 0.00 23,547

Cash Flow Summary (Thousand $)

Year

Net Cash-Ops Net Cash-Inv Net Cash-Fin Net Change
2006 -1,453 0.00 44,473 43,020
 

 

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