GPX Completes Bankruptcy Sales

January 2010

"TM Capital's focus, dedication and skill were key to our successful and timely completion of these complex transactions despite unprecedented challenges in the markets we serve."

- Craig Steinke, CEO, GPX International Tire Corp.

	GPX International Tire Corp., a leading global provider of specialty "off-the-road" (OTR) tires, filed for bankruptcy and retained TM Capital to pursue restructuring alternatives
	TM Capital assisted GPX in completing three Section 363 bankruptcy sales of its business units aggregating almost $100 million in value
	TM Capital assisted GPX in completing the sale of its OTR tire business unit to Alliance Tire, a portfolio company of Warburg Pincus based in Israel and India
	Alliance Tire had been the "stalking horse" bidder for the OTR tire business unit, and won a bankruptcy auction for this division following receipt of a topping bid from Titan International (NYSE)
	TM Capital also assisted GPX in completing the sale of its Canadian subsidiary to an investor group, and the sale of its Solid Tire unit and Chinese manufacturing operations to an investor group

Press Release

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