Daily News: July 10, 2015

Matrix Healthcare Advises Arista Labs in Asset Sale

Matrix Capital Markets Group, an independent middle-market investment bank, announced they have provided corporate advisory services to Arista Laboratories in the sale of its assets.

Richmond, VA-based Arista is an independent tobacco testing laboratory and subsidiary of Molins. David Keys, who leads the Healthcare Group at Matrix, David Endom and Brady Hill assisted Arista in creating and maintaining a competitive dynamic among a select group of industry participants that resulted in a successful sale for Molins.

In addition, Matrix announced the recapitalization of Narcote with LNC Partners. Narcote, headquartered in Piney Flats, TN, is a provider of technical textile solutions, including coated and laminated composite fabrics. LNC is a Reston, VA based private investment firm with over $235 million of capital under management.

Matrix served as exclusive financial advisor to Narcote. The transaction was led by Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral.

Baker, Donelson, Bearman, Caldwell & Berkowitz acted as legal advisor to Narcote in the transaction. LNC was represented by Moore & Van Allen.