M&A Deal Summary

Goldman Sachs Merchant Banking Acquires Transcendia

On May 31, 2017, private equity firm Goldman Sachs Merchant Banking acquired plastics company Transcendia from TJC

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 2nd transaction in the Plastics sector.
  • This is Goldman Sachs Merchant Banking’s 99th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 7th transaction in Illinois.

M&A Deal Summary
Date 2017-05-31
Target Transcendia
Sector Plastics
Buyer(s) Goldman Sachs Merchant Banking
Sellers(s) TJC
Deal Type Secondary Buyout

Target

Transcendia

Franklin Park, Illinois, United States
website
Transcendia, Inc. is a converter and distributor of synthetic films in North America. It provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

website

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 139 of 178
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 45 of 63
State (Illinois) 7 of 9
Country (United States) 99 of 122
Year (2017) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Information Builders

New York, New York, United States

Information Builders is a provider of solutions for business intelligence (BI), analytics, data integration, and data quality that help drive performance improvements, innovation, and value. Information Builders was established in 1975 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CIBT

McLean, Virginia, United States

CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in McLean, Virginia.

Buy -

Seller(S) 1

SELLER

TJC

New York, New York, United States

website

Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.

DEAL STATS #
Overall 37 of 57
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 14 of 28
State (Illinois) 4 of 6
Country (United States) 36 of 55
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Invo Healthcare

Jamison, Pennsylvania, United States

Invo HealthCare is a provider of outsourced clinical services for special needs children in 23 states. It operates through two divisions that serve the needs of preschool children (3-5) and school age children (K-12). In addition Invo’s early intervention division provides service delivery to children from birth to 3 years. Founded in 1993 by Patrick McClain, an occupational therapist and Mary McClain, an educator, Invo HealthCare now operates in 23 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-30 Odyssey Logistics

Danbury, Connecticut, United States

Odyssey Logistics is a provider of multi-modal transportation solutions and outsourced transportation management. Odyssey specializes in shipping chemicals, metals and bulk liquids, and can serve all modes of transportation through operations in North America, Europe and Asia. Odyssey Logistics was formed in 2003 and is based in Danbury, Connecticut.

Buy -
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