NEW YORK, Oct. 12, 2005 (PRIMEZONE) -- The Jordan Company, L.P. announced today that its portfolio company, TAL International Group, Inc. (NYSE:TAL), priced its initial public offering of 11,500,000 shares of common stock at $18.00 per share before underwriting discounts and commissions. The underwriters have been granted an over-allotment option to purchase up to 1,725,000 additional shares of common stock from certain selling shareholders, at the initial public offering price. TAL was purchased by investment funds managed by The Jordan Company, L.P. in November 2004 in partnership with its senior management.
The managing underwriters of the public offering are Credit Suisse First Boston LLC, Deutsche Bank Securities Inc. and Jefferies & Company, Inc. acting as joint book-running managers, UBS Securities LLC acting as lead manager, and Robert W. Baird & Co. Incorporated, Morgan Keegan & Company, Inc. and Fortis Securities LLC acting as co-managers.
The offering is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained from the prospectus departments of Credit Suisse First Boston LLC at One Madison Avenue, New York, NY 10010, Deutsche Bank Securities LLC at 1251 Avenue of the Americas, 25th Floor, New York, NY 10020 or Jefferies & Company, Inc., 520 Madison Avenue, 12th Floor, New York, NY 10022.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Overview of The Jordan Company, L.P.
The Jordan Company, L.P. is a New York-based private equity firm with approximately $2.5 billion of capital under management that has sponsored and invested in middle market transactions for more than 20 years.