RICHMOND, Va., April 18, 2011 /PRNewswire/ — BB&T Capital
Markets served as the exclusive financial advisor to Rikco
International LLC, d/b/a Dr. Comfort, the leading developer,
manufacturer and marketer of therapeutic footwear and related
medical and comfort products, in its sale to DJO Global, an
international provider of medical device solutions for
musculoskeletal health, vascular health and pain management based
in Vista, Calif. Dr. Comfort generated net sales of $71.8 million
in 2010, reflecting growth of 22.5 percent over net sales of $58.6
million for the year ended Dec. 31, 2009.
The deal, which closed on Apr. 7, was valued at $254.6 million.
The transaction represented a collaborative effort between
BB&T Capital Markets’ Healthcare and Consumer Investment
Banking groups and was led by Michael Weber (Healthcare).
BB&T Capital Markets
BB&T Capital Markets, a division of Scott &
Stringfellow, LLC, a wholly-owned non-bank subsidiary of BB&T
Corporation, provides a full-spectrum of investment banking and
corporate banking services including M&A advisory, equity
underwriting, equity sales and trading, debt capital markets, fixed
income sales and trading, equity and fixed income research,
corporate banking and syndicated financing. More information about
BB&T Capital Markets and its full line of products and services
is available at http://www.bbtcapitalmarkets.com.
BB&T Corporation (NYSE:
BBT) is one of the largest financial services holding companies
in the U.S. with more than $157.1 billion in assets and market
capitalization of $18.3 billion, as of Dec. 31, 2010. Based in
Winston-Salem, N.C., the company operates approximately 1,800
financial centers in 12 states and Washington, D.C., and offers a