Seattle Systems, Inc.

Just a word of appreciation for your fine work in completing the sale of Seattle Systems. We compliment you on the discrete and professional manner in which you conducted the process. We gave you tight time frames and you designed presentations, attracted interest from many buyers, arranged for site visits and conducted multi-party negotiations, culminating in a closing only four months from the date you were retained.

Every step was first class, reflecting not only the prominent points about Seattle Systems, but also the nuances, corporate culture and inner dynamics. Your weekly status reports to our Board of Directors were thorough and time-efficient, demonstrating that no stone was left unturned. Your insights into deal structuring, legal, financial and tax, were particularly helpful.

- Cal Andre, Former President, CEO and Chairman of the Board

Shaerer Mayfield USA, Inc.

Many complements on how The Walden Group crafted the divestiture of the Mayfield Cranial Fixation Line. Although your firm was hired for other reasons, you astutely identified this transaction as addressing the differing needs of both our Swiss-based majority corporate shareholder and the minority individual investors. We credit your in-depth relationships within the neuro-surgery market in arranging for and negotiating a deal that initially seemed beyond reach, but over time became a reality. We so much appreciate your guiding us on how to present our core product line and bring out its full potential, knowing the buyer’s needs and resources. The result was a wonderfully high price.

The deal was complicated, with many tax, intellectual property and business points. We lost track of how many lawyers and advisors were involved. Yet, you diplomatically kept every-thing on track, always mindful of the big picture. We especially appreciated your personal interest in assisting our employees and helping out with our organization’s transition and welfare.

- Bill O'Gara

Jarit Surgical Instruments

We were very discerning in selecting an investment banking firm and even more exacting in weighing Jarit’s strategic options and considering a corporate sale.

In choosing the Walden Group not only did we make the right choice, but the full dimension of the relationship went far beyond our expectations. These were difficult times for us. True, Jarit was having another record year. But the company’s beloved founder, my father, had taken ill, and personal and succession issues permeated the decision-making. There were several issues that needed to be handled with great care. We had great gratitude for the Jarit organization and wanted this seasoned and highly effective group to continue beyond any transaction.

Of course, we wanted full value, but there were other factors at stake. Through a careful, extraordinarily close-to-the-vest process, your team internalized our thinking and judgments. With clarity and foresight, and highly skillful negotiating, Walden navigated a highly confidential process that fulfilled all of our interests. Not only was Walden the driver in our obtaining full value, optimizing tax and foreign currency issues, but it also played an integral role in making our senior team becoming comfortable with the transaction and in integration planning.

Your firm’s industry knowledge and close relations with senior executives were invaluable assets. But, most of all, Jarit Instruments and the Jamner family appreciated your firm’s attention to detail and concern for every nuance. You earned our trust and we couldn’t be more satisfied.

- Howard Jamner

EZ Way Inc.

Congratulations to you and to the staff of The Walden Group on a job very well done.

From the beginning of our relationship your firm has maintained the highest ethical standards. You did a first class job in analyzing and understanding our company. You had a thorough understanding of the regulatory issues, of the macro trends in the industry and of the economics of our customer base all of which were so important to the presentation of our company and to our growth plans. You then produced documentation that presented us in a very fair manner while emphasizing our strengths and potential.

You managed the process of contacting potential acquires in a manner that all but dazzled the imagination and resulted in many firms expressing an interest in pursing a transaction with us. This gave us a choice of acquirers on terms that were most acceptable to all our shareholders.

When we came toward the end of the process your transactional advice and your negotiating skills were superb.

I assure you that any future transaction we pursue in the healthcare field, will find us represented by The Walden Group. Please feel free to use us as a reference for any potential clients.


Becton Dickinson and Company

On behalf of my Business Development Team associates at BD Preanalytical Systems, thanks to you and your staff for your thorough efforts in attempting to identify new business opportunities for BD PAS. As you know, we considered several external consulting and investment banking firms prior to selecting The Walden Group as our project partner. The level of professional and personal interaction and communication between our respective companies demonstrated to us that we made the right choice in selecting The Walden Group.

- Ken Powell