M&A Deal Summary

CVC Capital Partners Acquires Anchor Glass

On November 2, 2016, private equity firm CVC Capital Partners acquired packaging company Anchor Glass from KPS Capital Partners

Acquisition Highlights
  • This is CVC Capital Partners’ 9th transaction in the Packaging sector.
  • This is CVC Capital Partners’ 19th transaction in the United States.
  • This is CVC Capital Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2016-11-02
Target Anchor Glass
Sector Packaging
Buyer(s) CVC Capital Partners
Sellers(s) KPS Capital Partners
Deal Type Secondary Buyout

Target

Anchor Glass

Tampa, Florida, United States
website
Anchor Glass is a provider of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-market. Anchor Glass was founded in 1983 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 196 of 319
Sector (Packaging) 9 of 10
Type (Secondary Buyout) 39 of 74
State (Florida) 1 of 2
Country (United States) 19 of 42
Year (2016) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 NewDay

London, United Kingdom

NewDay is a UK specialty finance company. It operates in two business segments: near-prime, which provides Aqua and Marbles branded credit cards to customers who are new to credit or wish to rebuild their credit history; and co-brand, which provides credit cards in partnership with established retailers such as Debenhams and House of Fraser. NewDay was founded in 2000 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 AlixPartners

New York, New York, United States

AlixPartners is a performance improvement, corporate turnaround and financial advisory services firm. The AlixPartners' 'one-stop-shop' suite of services range from financial restructuring and operational performance improvement across all major corporate disciplines (manufacturing, supply chain, IT, sales & marketing, working capital, etc.), to financial advisory services (including financial reporting, corporate governance and investigations) to technology-enabled restructuring and claims management. AlixPartners was founded in 1981 and is based in New York.

Sell $2.5B

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 21 of 33
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 7 of 10
State (Florida) 1 of 1
Country (United States) 18 of 28
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 United Copper Industries

Denton, Texas, United States

United Copper Industries, Inc. is a manufacturer and distributor of building wire and cable used in the construction of industrial, residential and commercial buildings in the United States and Canada. United Copper manufactures all major types of 600-volt building wire and cable used in both residential and commercial construction, including Thermoplastic High Heat Resistant Nylon (“THHN”) wire, Thermoplastic Flexible Fixture Nylon (“TFFN”) wire, Non-Metallic (“NM-B”) cable, Underground Feeder (“UF-B”) cable, Metal-Clad (“MC”) cable and Bare wire. Building wire serves as the essential conduit to carry electrical current to all external uses of power in a building or dwelling. All UCI products are Underwriters Laboratory approved and listed. UCI is a leader in green technology by manufacturing lead-free products and powering its facility with over 40% renewable energy. United Copper sells its products through prominent national, regional and local electrical distributors across the country.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 Expera Specialty Solutions

Kaukauna, Wisconsin, United States

Expera Specialty Solutions LLC is a manufacturer of specialty paper products for the industrial & technical, food, and pressure-sensitive release liner segments. Headquartered in Wisconsin, Expera employs approximately 1,800 people across four Wisconsin-based manufacturing facilities located in Rhinelander, Mosinee, Kaukauna and De Pere.

Buy -
Mergr

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