M&A Deal Summary |
|
|---|---|
| Date | 2021-08-11 |
| Target | IPS |
| Sector | Chemicals |
| Buyer(s) | Centerbridge Partners |
| Sellers(s) | Sherman Capital Holdings |
| Deal Type | Secondary Buyout |
| Advisor(s) | BofA Securities Credit Suisse Investment Banking (Financial) Morgan Lewis (Legal) |
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| Category | Asset Manager |
|---|---|
| Founded | 2005 |
| PE ASSETS | 16.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 43 of 46 |
| Sector (Chemicals) | 1 of 1 |
| Type (Secondary Buyout) | 25 of 26 |
| State (California) | 5 of 5 |
| Country (United States) | 35 of 38 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-01 |
Syncreon
Cloghran, Ireland Syncreon is an asset-light global logistics company that facilitates the integration of customers’ supply chains and the final delivery of finished products to their end customers. |
Sell | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-30 |
Medical Solutions
Omaha, Nebraska, United States Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska. |
Buy | - |
Sherman Capital Holdings LLC is the private investment arm of Cypress Group LLC. Sherman Capital looks for opportunities where it can assist with growth and operational efficiency. Specific situations of interest include manufacturing or industrial service businesses in industries with consolidation opportunities. Sherman Capital Holdings is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Chemicals) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-07 |
IPS
Compton, California, United States IPS is a manufacturer of a wide range of adhesive cement, structural adhesives, and niche plumbing products primarily for residential, commercial, industrial, and international markets. IPS' products are sold under a number of highly regarded brand names, including Weld-On, Watertite, Studor, Truebro, and Guy Gray. IPS was founded in 1954 and is based in Compton, California. |
Buy | $700M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-18 |
Encapsys
Appleton, Wisconsin, United States Encapsys discovers, develops and manufactures microencapsulation solutions for use in the building and construction, paper, bedding, and personal and household care industries. Encapsys is based in Appleton, Wisconsin. |
Sell | - |
