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Deloitte Corporate Finance LLC Advises AirBorn, Inc. in its Recapitalization

CHARLOTTE, NC, Nov. 12, 2018Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to AirBorn, Inc., a Georgetown, Texas-based employee stock ownership plan (ESOP) manufacturing firm that specializes in the creation of mission-critical electronic components, in its recapitalization with LBC Credit Partners and Wells Fargo Capital Finance. The transaction closed Sept. 17, 2018.

"We could not be more pleased with the outcomes for AirBorn and our employee shareholder-base,” said Cindy Lewis, CEO of AirBorn, Inc. “Deloitte has been a trusted advisor for many years and they were instrumental in guiding us through this transaction. Their knowledge of our industry and the intricacies of ESOP corporate structures and relationships in the lending community were critical factors leading to this recapitalization. They positioned our leadership team for success in all steps of the process and worked tirelessly to enable AirBorn achieved a great result.”

“Combining AirBorn's reputation for providing high quality, mission-critical electronic components and strong track record of growth with our capital advisory experience contributed to AirBorn achieving its financing objectives,” said John Deering, managing director, Deloitte Corporate Finance LLC and head of DCF’s private capital solutions practice.

About AirBorn, Inc.
AirBorn is a 100% employee-owned company whose core business is engineering and manufacturing connectors for original equipment manufacturers (OEMs) worldwide. AirBorn offers extensive expertise in cable assemblies, flexible circuits, and comprehensive value-added services including design and engineering services, printed circuit board (PCB) assembly, box builds, power supply manufacturing and full testing and lab services.

The company services a wide variety of industries such as aerospace and defense, medical, industrial automation and energy. It currently operates several manufacturing facilities in the United States as well as in the United Kingdom and Canada. For more information, visit https://www.airborn.com/.

About LBC Credit Partners
LBC Credit Partners is a leading provider of financing solutions including senior term, unitranche, second lien, junior secured, mezzanine debt and equity co-investments to companies throughout North America supporting buyouts, acquisitions, growth strategies, recapitalizations, refinancings and restructurings for sponsored and non-sponsored transactions. The firm has over $3 billion of capital commitments, and has invested over $5 billion in over 200 issuers across a wide range of industries. LBC’s Middle Market fund normally invests $15 million to $150 million per transaction in companies with EBITDA greater than $5 million. For more information, visit http://www.lbccredit.com/.

Wells Fargo Capital Finance
Wells Fargo Capital Finance offers traditional asset-based lending, specialized junior and senior secured financing and factoring (accounts receivable financing) for domestic and international companies. The firm works across a variety of industries and has developed specialty teams with focused expertise serving healthcare providers, retailers, software and technology companies, specialty finance companies, staffing companies, government contractors and transportation companies. For more information, visit https://wellsfargocapitalfinance.com/.

About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. Deloitte Corporate Finance, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Media contact:

Shelley Pfaendler
Public Relations
Deloitte Services LP
+1 212 492 4484

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