Dresner Partners Advised The Braun Corporation In Multiple Transactions Culminating In Its Sale To Patricia Industries

FOR IMMEDIATE RELEASE 

DRESNER PARTNERS ADVISED THE BRAUN CORPORATION IN MULTIPLE TRANSACTIONS CULMINATING IN ITS SALE TO PATRICIA INDUSTRIES 

CHICAGO – September 24, 2015 – Dresner Partners, a leading FINRA-registered, middle-market investment bank and IMAP member firm, and The Braun Corporation (Braun), the world’s leading manufacturer of wheelchair accessible vehicles and wheelchair lifts for both personal use and commercial application sold under the BraunAbility brand, announced that Dresner acted as exclusive advisor to Braun in multiple transactions culminating in the company’s sale to Patricia Industries, a division within Investor AB, which closed on September 23, 2015.  Terms were not disclosed. 

Prior to the completion of this transaction, Dresner served as Braun’s exclusive financial advisor and investment banker which led to multiple transactions including sales of equity interests and a recapitalization in 2012.  Dresner also advised the company on its debt placements from 2012 to 2013.  These transactions supported Braun’s deep commitment to leading the mobility industry with innovative products, and positioned the company for its eventual sale to Patricia Industries. 

"With the support of Patricia Industries, we have accelerated our rate of growth and continued our expansion into global markets,” said Nick Gutwein, BraunAbility’s President and CEO.  "We thank the entire Dresner team for their years of dedication, providing Braun with excellent financial advisory and investment banking services and advice. ” 

Steven Dresner, President of Dresner Partners added, "These transactions reflected the achievement of the strategic goals of Braun’s leadership team and enabled the company to continue to bring independence to individuals across the world.  We are grateful for the opportunity to serve such a high quality company.”

About The Braun Corporation

BraunAbility is the world's leading manufacturer of wheelchair accessible vehicles and wheelchair lifts in the mobility industry. Founded nearly 50 years ago by Ralph Braun, the corporation was built on the age-old adage, "Necessity is the mother of invention." Ralph Braun was a young man who used a wheelchair and had no reliable transportation to and from his place of work. He built his first wheelchair accessible vehicle in 1972, and since then the company has grown into the most well-known and trusted name in the mobility industry, bringing independence to individuals across the world.  More information can be found at www.braunability.com.          

About Investor AB

Investor AB, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies.  Through board participation, its industrial experience, network and financial strength, Investor AB strives to make its companies best-in-class.  Holdings include, among others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.  For more information, please visitwww.investorab.com.            

About Dresner Partners

Dresner Partners is a FINRA-registered, middle-market investment bank headquartered in Chicago, with offices in New York City, Fort Lauderdale, Fla., and Irvine and Palo Alto, Calif.  For nearly 25 years, Dresner Partners has provided financial advisory services to middle market companies throughout the world, including institutional private placements of debt and equity, merger and acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services.  Dresner Partners is a member of IMAP, an exclusive global organization of leading merger and acquisition advisory firms.  An affiliated company, Dresner Corporate Services, is a strategic communications firm specializing in public and investor relations.  More information is available at www.dresnerpartners.comor http://www.imap.com/city?city=Chicago.  You can also follow Dresner Partners on Twitter at www.twitter.com/dresnerpartners.       

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For Media Inquiries

David Gutierrez, Dresner Partners, (312)780-7204, dgutierrez@dresnerco.com        

For Investment Banking Inquiries:           
Steven Dresner, President, (312)780-7206, sdresner@dresnerco.com