Daily News: April 4, 2012

Paragon Capital Partners Completes Sale of Nexicore as Advisor


Paragon Capital Partners, LLC announced that it advised in the sale of substantially all of the operating assets of Hartford Computer Group, Inc. and its subsidiary Nexicore Services LLC to Avnet, Inc., through a section 363 sale process in the U.S. Bankruptcy Court in Chicago.

Nexicore is a provider of repair and installation services in North America for consumer electronics and computers, operating in three complementary business lines including depot repair, onsite repair and installation, and spare parts management.

“This transaction represents a great outcome for Nexicore and its key constituencies, while further strengthening Avnet’s capabilities in aftermarket services,” said Michael Levy, partner, Paragon Capital Partners.

Paragon Capital Partners, LLC served as Nexicore’s investment banker, and Katten Muchin Rosenman LLP served as Nexicore’s legal advisor in connection with this transaction.

Paragon Capital Partners is a merchant banking firm that provides top-tier strategic and financial advice in connection with mergers and acquisitions, exclusive sales, private placements, financings, restructurings and bankruptcy-related transactions.