November 3, 2004 - Berkline/BenchCraft, a furniture maker based in TN, completed a leveraged recapitalization. Berkline/BenchCraft is a portfolio company of Code, Hennessey & Simmons (CHS), a private equity buyout fund based in Chicago. The debt financing for the recapitalization was arranged by and syndicated by Goldman Sachs. Duff & Phelps LLC served as the independent financial advisor to the Board of Directors of Berkline/BenchCraft and rendered a solvency opinion to the Board of Directors in connection with the transaction.