M&A Deal Summary

3i Infrastructure Acquires Regional Rail

On April 1, 2019, infrastructure investor 3i Infrastructure acquired transportation company Regional Rail from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is 3i Infrastructure’s 1st transaction in the Transportation sector.
  • This is 3i Infrastructure’s 2nd transaction in the United States.
  • This is 3i Infrastructure’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-04-01
Target Regional Rail
Sector Transportation
Buyer(s) 3i Infrastructure
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout

Target

Regional Rail

Kennett Square, Pennsylvania, United States
website
Regional Rail provides freight transportation, car storage, and transloading services in New York, Pennsylvania, and Delaware across three railroads and over 155 miles of track connecting into a diversified Class 1 railroad network. Regional Rail was founded in 2007 and is based in Kennett Square, Pennsylvania.

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Buyer(S) 1

Buyer

3i Infrastructure

St Helier, Channel Islands

Investor Investor Investor Investor Investor

website

Category Infrastructure
Founded 2007
PE ASSETS 3.9B GBP
Size Large
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.

DEAL STATS #
Overall 26 of 31
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 6 of 11
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Joulz

Delft, Netherlands

Joulz is a provider of essential energy infrastructure equipment and services. Joulz leases, operates and maintains c.4,000 medium voltage electricity installations, such as transformers, switchgear and cables, and c.50,000 electricity and gas meters. Joulz was founded in 2009 and is based in Delft, Netherlands.

Buy €220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Ionisos

Civrieux-d’Azergues, France

Ionisos is a provider of cold sterilisation services for medical devices, raw and finished materials for the pharmaceutical and cosmetic industries and for the food and pharma packaging sectors. Ionisos was founded in 1993 and is based in Civrieux-d’Azergues, France.

Buy €220M

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 37 of 55
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 18 of 29
State (Pennsylvania) 1 of 2
Country (United States) 36 of 51
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 FASTSIGNS

Carrollton, Texas, United States

FASTSIGNS is a franchisor of signage and visual graphics products and services, serving more than 650,000 businesses. The Company is 100% franchised, with more than 700 locations worldwide. FASTSIGNS locations sell a broad set of graphics-related products, including signs, custom visual communications, interior décor, architectural signage, vehicle graphics, and digital signs, and offer a variety of value-added services, including consulting, surveying, permitting, and installation. FASTSIGNS was founded in 1985 and is based in Carrollton, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 Nobles Worldwide

St. Croix Falls, Wisconsin, United States

Nobles Worldwide, Inc. is the largest supplier of ammunition feed systems to all branches of the U.S. military and its allies. Nobles are recognized globally for their superior durability products, cutting-edge designs, and rigorous quality assurance. Nobles Worldwide offer lighter, stronger and more flexible materials used in ammunition chutes, magazines, gun mounts, and weapon stations. Nobles are based in St. Croix Falls, Wisconsin.

Sell -
Mergr

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