M&A Deal Summary

Centerbridge Partners Acquires KIK Custom Products

On August 27, 2015, asset manager Centerbridge Partners acquired consumer products company KIK Custom Products from CI Capital Partners

Acquisition Highlights
  • This is Centerbridge Partners’ 3rd transaction in the Consumer Products sector.
  • This is Centerbridge Partners’ 1st transaction in Canada.
  • This is Centerbridge Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2015-08-27
Target KIK Custom Products
Sector Consumer Products
Buyer(s) Centerbridge Partners
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
Rothschild Global Advisory (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

KIK Custom Products

Concord, Ontario, Canada
website
KIK Custom Products develops and markets pool and spa treatment products and is one of North America's largest independent manufacturers of household and personal care products.

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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 22 of 46
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 13 of 26
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 KAG

North Canton, Ohio, United States

KAG provides transportation and logistics services to the fuel, chemical, liquid food and merchant gas sectors in the U.S. and Canada. KAG was founded in 1997 and is based in North Canton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 American Renal Associates

Beverly, Massachusetts, United States

American Renal Associates is a developer, owner and operator of outpatient kidney dialysis facilities in partnership with nephrologists. American Renal Associates was founded in 1999 and is based in Beverly, Massachusetts.

Sell -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor

website


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

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 13 of 27
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 5 of 14
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Interactive Health Solutions

Schaumburg, Illinois, United States

Interactive Health Solutions (IHS) is a provider of comprehensive corporate health management and preventive wellness programs. Its services and tools use biometric data and a health risk assessment to evaluate employees’ personal health levels and develop customized programs with specific improvement goals for individual employees. Interactive Health Solutions was founded in 1992 and is based in Schaumburg, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Hero Digital

San Francisco, California, United States

Hero Digital is an independent customer experience company operating at the intersection of strategy, design, data, and technology, solving the critical digital transformation needs of the Fortune 1000. The company's purpose is to bring moments of Truth & Beauty into people's lives by creating customer experiences that are good for people and good for business. Its blended teams help Fortune 1000 companies like Comcast, U.S. Bank, Salesforce, Twitter, UnitedHealthcare, and TD Ameritrade Institutional invent, transform, and perform to deliver new business value. Hero Digital was formed in 2014 and is based in San Francisco, California.

Buy -