M&A Deal Summary

Centerbridge Partners Acquires American Bath Group

On October 8, 2020, asset manager Centerbridge Partners acquired building materials company American Bath Group from Lone Star Funds

Acquisition Highlights
  • This is Centerbridge Partners’ 1st transaction in the Building Materials sector.
  • This is Centerbridge Partners’ 32nd transaction in the United States.
  • This is Centerbridge Partners’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2020-10-08
Target American Bath Group
Sector Building Materials
Buyer(s) Centerbridge Partners
Sellers(s) Lone Star Funds
Deal Type Secondary Buyout
Advisor(s) RBC Capital Markets (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

American Bath Group

Savannah, Tennessee, United States
website
American Bath Group is a manufacturer of residential, commercial, assisted living, senior care, and premium showroom bathing products. The Company sells its products through wholesale and retail channels to a diverse base of builders, plumbers, general contractors, and individual end-users. ABG's predecessor entity was founded in 1993 and is based in Savannah, Tennessee.

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Buyer(S) 1

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2005
PE ASSETS 16.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 40 of 46
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 22 of 26
State (Tennessee) 2 of 2
Country (United States) 32 of 38
Year (2020) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Versant Health Holdco

Linthicum, Maryland, United States

Versant Health is a provider of trusted managed eye health and vision care plan for members, clients, brokers, and eye care professionals in the industry. Versant Health owns the well-established marketplace brands Davis Vision and Superior Vision. Versant Health is based in Linthicum, Maryland.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Help at Home

Chicago, Illinois, United States

Help at Home is a home care provider delivering in-home care to seniors and persons with disabilities. Help at Home was founded in 1975 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.

DEAL STATS #
Overall 11 of 16
Sector (Building Materials) 2 of 3
Type (Secondary Buyout) 6 of 9
State (Tennessee) 1 of 1
Country (United States) 4 of 6
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-25 ISARIA Wohnbau AG

Munich, Germany

ISARIA Wohnbau AG is a project development company for residential construction. The company finance real estate projects partly through equity and partly through borrowed capital. The company secures the sustainable financial strength of the Group and achieves a suitable improved value of capital employed for our investors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 Stark Group

Frederiksberg, Denmark

Stark Group is a distributor and retailer of building materials to clients from the Nordic region. Stark Group was formed in 1896 and is based in Frederiksberg, Denmark.

Sell -
Mergr

Product

Company

Legal