Ditan Acquired by Cinram International

May 2007

“The TM Capital team became a part of our business and a part of our family. Every individual involved became personally invested in both the process and objective. Together, we accomplished an extraordinarily favorable transaction for our shareholders. The principals at TM guided us, advised us, and worked tirelessly in our best interests every step of the way.

At the onset of our relationship, the TM team said to us that “many times, the path you embark upon is not where you end up in a process.” They obviously know their business very well because, while we finished far from where we started in our engagement, the shareholders of Ditan ended up exceedingly better off."

- Ron Novotny, President & CEO, Ditan Corporation

	Ditan Corporation, a privately held company, is the leading third-party interactive software and games distribution company in the United States
	Ditan Corporation retained TM Capital to pursue strategic and financial alternatives to provide shareholder liquidity and support the Company’s aggressive growth objectives
	TM Capital assisted Ditan in structuring and negotiating its sale to Cinram International Income Fund (TSX: CRW.UN), based in Toronto, Canada
	The terms of the transaction include an initial purchase price of $50 million in cash, as well as significant future consideration

Client Press Release

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