M&A Deal Summary

Bain Capital Private Equity Acquires Imperial Dade

On May 1, 2019, private equity firm Bain Capital Private Equity acquired distribution company Imperial Dade from Audax Private Equity

Acquisition Highlights
  • This is Bain Capital Private Equity’s 9th transaction in the Distribution sector.
  • This is Bain Capital Private Equity’s 98th transaction in the United States.
  • This is Bain Capital Private Equity’s 6th transaction in New Jersey.
Investment Fate
  • Imperial Dade was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2019-05-01
Target Imperial Dade
Sector Distribution
Buyer(s) Bain Capital Private Equity
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)
Ropes & Gray (Legal)

Target

Imperial Dade

Jersey City, New Jersey, United States
website
Imperial Dade is an independent distributor of consumable paper and plastic packaging and supplies sold primarily to the restaurant and retail industries in the New York Tri-State area. Imperial Dade sells foodservice products, healthcare supplies, bags and liners, chemicals, janitorial goods, and safety supplies. Imperial Dade was founded in 1932 and is based in Jersey City, New Jersey.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 182 of 227
Sector (Distribution) 9 of 11
Type (Secondary Buyout) 44 of 63
State (New Jersey) 6 of 7
Country (United States) 98 of 120
Year (2019) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Chindata Group Holdings

Beijing, China

Chindata Group Holdings is an entity that provides carrier-neutral hyper-scale data center solutions in China, India, and Southeast Asia markets. It offers colocation and managed, energy procurement and transmission, infrastructure, and IT and network services. Chindata Group Holdings was founded in 2015 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 CJ Foods America

La Palma, California, United States

CJ Foods America is the U.S. food operations manufacturer and distributor of Asian food products with a focus on Korean food. Through brands, Bibigo and Annie Chun's, CJ Foods are able to offer an extensive range of packaged food products, including dumplings, noodles, and sauces. Backed by a global company with over 60 years of experience in the food industry, CJ Foods’ mission is to drive awareness of Asian food, especially Korean food, and provide only the best quality products to U.S. households across the nation.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 70 of 97
Sector (Distribution) 8 of 9
Type (Secondary Buyout) 39 of 53
State (New Jersey) 3 of 5
Country (United States) 68 of 92
Year (2019) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Astute Solutions

Columbus, Ohio, United States

Astute Solutions is a provider of AI-driven customer engagement, digital self-service, and first-party consumer data management software. Astute’s technology enables companies to provide more efficient customer service, protect their brands, and increase customer loyalty. Astute Solutions was founded in 1995 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Chartis

Chicago, Illinois, United States

Chartis is a strategy consulting firm that helps the senior executives and boards of directors of hospitals and Integrated Delivery Networks address their most important and pressing challenges. Chartis was founded in 2002 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal