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is pleased to announce its role as
financial advisor to |
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| $193,040,007 |
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| January 11, 2005 |
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Transaction Highlights
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Successful culmination of Relational’s relationship with Onyx Acceptance Corporation, during which Relational provided advice to Onyx on opportunities to create shareholder value. |
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Transaction with Capital One resulted in an attractive valuation of $28.00 per share. |
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Achieved 72% premium to closing stock price on day prior to announcement |
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Represented 19.2x P/E for trailing 12 months |
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Realized valuation multiple significantly higher than that of average industry transactions |
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Highlights Relational Advisors’ position as a leading financial advisor. |
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Serve as a highly credible provider of fairness opinions |
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Preserve the confidentiality that is critical to a successful transaction |
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Foster trusted advisor relationship with clients |
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Client Testimonial
“The service Relational delivered during our transaction with Capital One was exceptional. Relational helped us better position the company prior to commencing the sales process and provided valuable insights to our negotiation of the sale agreement. The Onyx management team and Board of Directors were extremely pleased.” |
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– John Hall, CEO, Onyx |
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Contact Us
12400 High Bluff Dr., Ste. 600
San Diego, CA 92130
Tel. (858) 704-3300
Fax (858) 704-3340
info@relationaladvisors.com
www.relationaladvisors.com
For more information on the Onyx transaction please contact
Bob Woolway, Managing Director
(858) 704-3353
woolway@relationaladvisors.com
What's New
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About Relational Advisors
Relational Advisors is part of the Relational Group, one of the West Coast's preeminent private investment and advisory firms. We have been involved in some of the most significant and complex transactions in America.
Relational Advisors specializes in mergers and acquisitions, private financings, complex shareholder and Board of Directors matters, restructurings and crisis situations for clients ranging from middle market companies to the Fortune 500. Since the firm's inception in 1988, Relational Advisors has executed transactions totaling more than $60 billion. The senior professionals of Relational Advisors bring more than 20 years on average of experience to the firm's high profile and complex engagements - such as the restructuring of Enron and unlocking of value for Chrysler shareholders. We work "in the trenches" to achieve our clients' strategies and financial objectives, which has earned us the reputation as long-term, trusted advisors to a select group of performance driven companies. |
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About Onyx
Onyx Acceptance Corporation (ONYX) is a specialized automobile finance company based in Foothill Ranch, California. Onyx provides auto financing to franchised and select independent dealerships throughout the United States.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation (COF) is a bank holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B, offer consumer lending products and Capital One Auto Finance, Inc., offers automobile and other motor vehicle financing products. Capital One’s subsidiaries collectively had 48.6 million accounts and $79.9 billion in managed loans outstanding as of December 31, 2004. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world.
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