　　BBH reports it has received court approval for the sale of the business to the private equity funds of Versa Capital Management, Inc. (Versa) through an asset transaction. With a closing of the transaction expected in approximately 14 days, this will successfully conclude the involvement of BBH’s businesses in the chapter 11 bankruptcy process.
　　“We are very pleased to have moved through the sale process so quickly and to establish our new company with Versa,” says George Marton, BBH CEO. “We can now look to the future with great enthusiasm as we enter a new phase in our company’s evolution and return to long-term stability. We look forward to partnering with our new owners to introduce new products and services that address our customers’ global messaging needs. I wish to thank our customers, suppliers and employees who have stood by us during this transition period and who will be the producers and recipients of our work in the new company.”
　　Gregory L. Segall, CEO of Versa and incoming chairman of the new company, says, “We search carefully to find the right businesses for our portfolio, and we see tremendous unrealized value in the BBH business. It’s an important name in the document and mailing industry with an excellent and dedicated staff of professionals. We’re enthusiastically supportive of management’s plans for the emergence from reorganization and continuation of the business and look forward to its return to consistent growth and profitability in the coming years as management completes the implementation of its many initiatives.”
　　Philadelphia-based Versa Capital Management Inc. is a private equity investment firm with $950 million of committed capital under management that is focused on control investments in special situations involving middle market companies where value and performance growth can be achieved through enhanced operational and financial management. Access Value Investors (AVI) is a Chicago-based private equity firm that is also affiliated with AEG Partners LLC, a restructuring management firm that has provided consulting services in connection with the transaction.