ATLANTA, Oct. 3, 2017 — King & Spalding advised MCBC Holdings, Inc. (NASDAQ: MCFT), ("MasterCraft"), in its $79.8 million acquisition of fellow leading boat manufacturer NauticStar. The transaction was financed by a combination of cash on hand and proceeds from the closing of an amended and restated syndicated credit facility.
The deal was completed yesterday as a simultaneous “sign-and-close.” MasterCraft, based in Vonore, Tenn., is an innovator, designer, manufacturer and marketer of premium performance sport boats. Mississippi-based NauticStar is a privately held maker of bay boats, deck boats and offshore center console boats.
The Atlanta-based King & Spalding deal team included partner Keith Townsend, senior associate Robert Benson and associate Sawyer Duncan. Partner Les Oakes, counsel Mark Kelly and Scott Mario, and associate Sedric Bailey assisted on the deal.
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