M&A Deal Summary

Ares Private Equity Group and Ontario Teachers Pension Plan Acquire TricorBraun

On January 6, 2021, private equity firm Ares Private Equity Group and pension Ontario Teachers Pension Plan acquired packaging company TricorBraun from AEA Investors

Acquisition Highlights
  • This is Ares Private Equity Group’s 1st and Ontario Teachers Pension Plan’s 3rd transaction in the Packaging sector.
  • This is Ares Private Equity Group’s 73rd and Ontario Teachers Pension Plan’s 64th transaction in the United States.
  • This is Ares Private Equity Group’s 2nd and Ontario Teachers Pension Plan’s 2nd transaction in Missouri.

M&A Deal Summary

Date 2021-01-06
Target TricorBraun
Sector Packaging
Buyer(s) Ares Private Equity Group
Ontario Teachers Pension Plan
Sellers(s) AEA Investors
Deal Type Secondary Buyout

Target

TricorBraun

St. Louis, Missouri, United States
website
TricorBraun is a distributor of rigid packaging solutions including containers, closures and related components. TricorBraun was established in 1902 and is headquartered in St. Louis, Missouri.

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Buyer(S) 2

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 85 of 96
Sector (Packaging) 1 of 2
Type (Secondary Buyout) 34 of 38
State (Missouri) 2 of 2
Country (United States) 73 of 82
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Valet Living

Tampa, Florida, United States

Valet Living is a provider of doorstep collection and recycling services, and also full-service amenities provider to the multifamily industry. Valet Living was founded in 1995 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 CS Energy

Edison, New Jersey, United States

CS Energy engages in the solar and energy storage sectors, having constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets. CS Energy was founded in 1906 and is based in Edison, New Jersey.

Sell -
Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 147 of 174
Sector (Packaging) 3 of 5
Type (Secondary Buyout) 43 of 56
State (Missouri) 2 of 2
Country (United States) 64 of 72
Year (2021) 1 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Smart Fit

Sao Paulo, Brazil

Smart Fit is a gym chain in Latin America, with over 928 units in countries including Brazil, Mexico, Colombia, Chile, Peru and Argentina. Smart Fit was founded in 1996 and is based in Sao Paulo, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Enwave Energy

Toronto, Ontario, Canada

Enwave Energy is a fully-integrated, sustainable energy services provider that distributes steam and chilled water to over 140 buildings via a 40 km underground pipe network in downtown Toronto. Enwave Energy was founded in 1982 and is based in Toronto, Ontario.

Buy $3.2B

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 63 of 75
Sector (Packaging) 4 of 5
Type (Secondary Buyout) 26 of 32
State (Missouri) 2 of 2
Country (United States) 59 of 68
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 NCS

Grimes, Iowa, United States

NCS is a full-service fluids and systems provider to the vehicle care industry, including car wash systems, aftermarket parts, cleaning fluids, and vacuums all supported through its industry-leading distribution and services footprint. NCS was founded in 1973 and is based in Grimes, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Verdesian Life Sciences

Cary, North Carolina, United States

Verdesian Life Sciences is a provider of plant health, inoculants, seed treatment, and nutrition. Verdesian’s plant-health products, nutritional catalysts, and seed treatments/inoculants help growers farm more efficiently to maximize yields. Verdesian Life Sciences was founded in 2012 and is based in Cary, North Carolina.

Buy -