NEW YORK, June 23, 2014 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that the investment banking division of its wholly owned subsidiary, INTL FCStone Securities Inc., acted as the exclusive investment banking adviser to Plains Cotton Cooperative Association (PCCA) in the sale of their U.S. denim and Guatemalan apparel business to American Textile Holdings LLC, a joint venture between Monomoy Capital Partners and Kingsmoor LLC, initiated the JV structure and brought the buyers together for the acquisition. PCCA is one of the largest producer-owned cotton marketing cooperatives in the U.S.
Steve Carlson, president and head of INTL FCStone Securities Inc.'s investment banking division, said, "We thank PCCA for their confidence in us. The transaction involved several legal entities in various jurisdictions and we are happy we were successful in bringing all the parties together to accomplish their strategic goals. It is professionally satisfying to have contributed to the preservation and growth of the U.S. apparel industry."
About INTL FCStone Securities Inc.
INTL FCStone Securities Inc. is the wholly owned subsidiary of INTL FCStone Inc., which provides trading, market making, investment banking and corporate finance services to customers around the globe. The investment banking division provides capital raising, mergers and acquisitions advisory, trade finance and bank loan syndication as well as restructuring and corporate advisory services to middle market firms in the natural resources, agriculture, financial institutions, power generation and real estate sectors. INTL FCStone Securities Inc. is a member of FINRA/SIPC/MSRB.
About INTL FCStone Inc.
INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Our revenues are derived primarily from financial products and advisory services that fulfill our clients' real needs and provide bottom-line benefits to their businesses. We create added value for our clients by providing access to global financial markets using our industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. Our client-first approach engenders trust, and has enabled us to establish leadership positions in a number of complex fields in financial markets around the world.
Further information on INTL FCStone is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc. Kent Coughlin Director of Public Relations +615-234-2756 firstname.lastname@example.org
Source:INTL FCStone Inc.