M&A Deal Summary

Aurora Capital Partners and Antares Capital Acquire Randall-Reilly

On June 5, 2017, private equity firms Aurora Capital Partners and Antares Capital acquired marketing company Randall-Reilly from Investcorp International and PennantPark Investment Advisers

Acquisition Highlights
  • This is Aurora Capital Partners’ 2nd and Antares Capital’s 2nd transaction in the Marketing sector.
  • This is Aurora Capital Partners’ 23rd and Antares Capital’s 34th transaction in the United States.
  • This is Aurora Capital Partners’ 1st and Antares Capital’s 3rd transaction in Alabama.

M&A Deal Summary
Date 2017-06-05
Target Randall-Reilly
Sector Marketing
Buyer(s) Aurora Capital Partners
Antares Capital
Sellers(s) Investcorp International
PennantPark Investment Advisers
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey
Pioneer Investcorp Ltd. (Financial)
Reed Smith LLP (Legal)

Target

Randall-Reilly

Tuscaloosa, Alabama, United States
website
Randall-Reilly is a provider of data and data-driven marketing solutions for industrial end markets including heavy-duty trucking, construction equipment, agricultural equipment, and machine tools. Randall-Reilly’s unique data assets and highly customizable digital marketing solutions enable clients to identify and target sales, marketing, and recruiting prospects. Randall-Reilly was founded in 1934 and is based in Tuscaloosa, Alabama.

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Buyer(S) 2

Buyer

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 24 of 38
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 12 of 20
State (Alabama) 1 of 1
Country (United States) 23 of 37
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Industrial Container Services

Montebello, California, United States

Industrial Container Services LLC is a provider of reusable container solutions in the United States, providing new and reconditioned steel, plastic, and fiber drums. With 49 facilities across the United States and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually and is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Buy -
Buyer

Antares Capital

Miami, Florida, United States

Investor Investor

website

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 34 of 54
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 19 of 30
State (Alabama) 3 of 4
Country (United States) 34 of 53
Year (2017) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CIBT

McLean, Virginia, United States

CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Valicor Environmental Services

Monroe, Ohio, United States

Valicor Environmental Services is a provider of non-hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment (“CWT”) facilities, the Company transports and processes diverse wastewater streams that result from the manufacture of industrial and consumer goods. Valicor helps customers dispose of oily water, leachate, soaps, line flush waste, and similar waste streams, and it also provides a diverse set of landfill solidification and product destruction services. Valicor Environmental Services was established in 1982 and is based in Monroe, Ohio.

Buy -

Seller(S) 2

SELLER

Investcorp International

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1982
PE ASSETS 21.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 83 of 106
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 24 of 35
State (Alabama) 2 of 2
Country (United States) 53 of 62
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 Abax

Peterborough, United Kingdom

Abax is a designer and manufacturer of electronic trip logs that continuously and automatically write the triplog for the vehicle users. Abax was founded in 2003 and is based in Peterborough, United Kigdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Altadia Group

Castellón, Spain

Altadia is a manufacturer of intermediate products for the production of ceramic tiles. Altadia employs people across 19 countries with a global manufacturing footprint consisting of 32 production plants and 19 distribution centers. Altadia is based in Castellón, Spain.

Sell €605M
SELLER

PennantPark Investment Advisers

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2007
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 10 of 17
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 7 of 12
State (Alabama) 1 of 1
Country (United States) 10 of 17
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 ECM Industries

New Berlin, Wisconsin, United States

ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Robertshaw Controls

Itasca, Illinois, United States

Robertshaw Controls is a global design, engineering and manufacturing company that sells product solutions into the white goods industry and leverages this portfolio and technology into adjacent markets and after sales channels. Robertshaw manufactures more than 10,000 sophisticated controls for commercial and home appliances. Primary applications include controls for clothes washers and dryers, dishwashers, refrigerators, electric and gas cooking, ice makers, fluid dispensing, storage water heaters, gas valves for space/central heating, and automotive/off road temperature and fluid controls. Robertshaw Global Headquarters is located in Itasca, Illinois.

Sell -
Mergr

Product

Company

Legal