M&A Deal Summary

Ardian, KRG Capital Partners and Mountaingate Capital Acquire Inventus Power

On March 17, 2014, private equity firm Ardian, private equity firm KRG Capital Partners and growth capital firm Mountaingate Capital acquired electrical equipment company Inventus Power from Inverness Graham Investments

Acquisition Highlights
  • This is Ardian’s 6th, KRG Capital Partners’ 1st and Mountaingate Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Ardian’s 24th, KRG Capital Partners’ 41st and Mountaingate Capital’s 1st transaction in the United States.
  • This is Ardian’s 2nd, KRG Capital Partners’ 9th and Mountaingate Capital’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-03-17
Target Inventus Power
Sector Electrical Equipment
Buyer(s) Ardian
KRG Capital Partners
Mountaingate Capital
Sellers(s) Inverness Graham Investments
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Inventus Power

Woodridge, Illinois, United States
website
Inventus Power is a provider of fully integrated, custom engineered rechargeable power systems, focused on low to medium volume products for mission critical electronic applications. Inventus Power was founded in 1960 and is based in Woodridge, Illinois.

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Buyer(S) 3

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 208 of 416
Sector (Electrical Equipment) 6 of 7
Type (Secondary Buyout) 59 of 135
State (Illinois) 2 of 5
Country (United States) 24 of 58
Year (2014) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 ISS

SAborg, Denmark

ISS is one of the world?s largest facility services companies with more than 290,000 employees in more than 40 countries worldwide. The company holds market leading positions in most of the countries where it operates. ISS was founded in 1901 and is based in Søborg, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Bravofly SA

Chiasso, Switzerland

Launched in 2004, Bravofly is a major player in the European online booking market. With its user-friendly interface and advanced technology, the company offers its customers a powerful research and comparison engine to book flight tickets on low-cost and traditional airlines. In 2010, the company is a major European online player with one of the broadest offer ranges in flight and travel-related markets through its websites bravofly.fr, bravofly.de, bravofly.co.uk, bravofly.es, bravofly.com, volagratis.it and viaggiare.it.

Sell -
Buyer

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 42 of 42
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 11 of 11
State (Illinois) 9 of 9
Country (United States) 41 of 41
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-12 The Focus

Calgary, Alberta, Canada

The Focus Corporation is a multi-disciplinary consulting firm providing a range of engineering, geometrics, planning and project management services to clients in the energy, environmental, infrastructure, land development and resource sectors. The Company is headquarted in Edmonton, with addditional branches throughout Saskatchewan, British Columbia, and Alberta, and is a winner of Canada?s 50 Best Managed Companies.

Sell $366M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 UniversalPegasus International

Houston, Texas, United States

UniversalPegasus International is an engineering and design firm that provides its clients with a broad range of engineering, inspection, survey, and project management services focused on the gathering, transmission, and processing of hydrocarbons and hydrocarbon-based products both onshore and offshore domestic and international markets. UniversalPegasus International was founded in 2008 and is based in Houston, Texas.

Sell -
DESCRIPTION

Mountaingate Capital is a private equity firm focused on acquiring middle-market companies with $5 to $25 million of EBITDA. The Firm focuses on growth-oriented companies in the business services, specialty manufacturing, marketing, and distribution sectors. Mountaingate looks to partner with management when investing and will consider transaction situations from buyouts, to consolidations and recapitalizations. Mountaingate Capital was formed in 2016 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 15
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 2
Country (United States) 1 of 14
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Real Chemistry

San Francisco, California, United States

Real Chemistry is a global health company, focused on delivering analytics-driven, digital-first solutions to the healthcare industry. Real Chemistry uses proprietary technology, healthcare-specific data analytics and deep subject matter expertise to enable its clients to efficiently engage with the broader healthcare ecosystem – including consumers, providers, physicians and payors – and address complex commercial challenges, such as physician education, clinical trial engagement, consumer disease awareness, patient engagement, brand positioning and value articulation. Real Chemistry was founded in 2001 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $5 to $35 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.


DEAL STATS #
Overall 4 of 16
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 7
State (Illinois) 1 of 3
Country (United States) 4 of 16
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 FoodChain ID

Fairfield, Iowa, United States

FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Nobles Worldwide

St. Croix Falls, Wisconsin, United States

Nobles Worldwide, Inc. is the largest supplier of ammunition feed systems to all branches of the U.S. military and its allies. Nobles are recognized globally for their superior durability products, cutting-edge designs, and rigorous quality assurance. Nobles Worldwide offer lighter, stronger and more flexible materials used in ammunition chutes, magazines, gun mounts, and weapon stations. Nobles are based in St. Croix Falls, Wisconsin.

Sell -