M&A Deal Summary

Morgan Stanley Capital Partners and Everberg Capital Acquire Comar

On June 19, 2018, private equity firms Morgan Stanley Capital Partners and Everberg Capital acquired plastics company Comar from Graham Partners

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 1st and Everberg Capital’s 1st transaction in the Plastics sector.
  • This is Morgan Stanley Capital Partners’ 24th and Everberg Capital’s 6th transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 1st and Everberg Capital’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-06-19
Target Comar
Sector Plastics
Buyer(s) Morgan Stanley Capital Partners
Everberg Capital
Sellers(s) Graham Partners
Deal Type Recapitalization

Target

Comar

Voorhees, New Jersey, United States
website
Comar is a designer and manufacturer of rigid plastic solutions, serving the Medical, Pharmaceutical, Consumer Healthcare, Personal & Home Care, Food & Beverage, and other niche markets. We have a longstanding reputation for developing creative, industry-compliant packaging and dispensing solutions for customers who count on us for quality driven engineering and manufacturing. Comar was founded in 1949 and is based in Voorhees, New Jersey.

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Buyer(S) 2

Buyer

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 27 of 47
Sector (Plastics) 1 of 1
Type (Recapitalization) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 24 of 44
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Manna Pro Products

Chesterfield, Missouri, United States

Manna Pro is a manufacturer and marketer of specialty pet care products, provides food, treats, and a wide assortment of high-quality health and wellness products for companion pets and hobby animals. With roots dating back to 1842, Manna Pro has a long history of excellence in pet nutrition. Today, Manna Pro has developed into an industry leader providing nutritionally wholesome products for dogs, cats, backyard chickens, and other companion pets. A leader in the fields of pet health and nutrition, the Company is well known for its innovative product development and commitment to sustainable practices. Manna Pron was formed in 1985 and is based in Chesterfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Web.com

Jacksonville, Florida, United States

Web.com is a provider of website-building tools, services, and internet solutions. The company offers a comprehensive suite of website design, customer support, and technology platforms tailored to the needs of the small and medium-sized businesses. Additionally,Web.com Group partners with enterprise companies to help these partners build stronger, more profitable relationships with their business customers. Web.com was formed in 1997 and is headquartered in Jacksonville, Florida.

Buy $2.0B
Buyer

Everberg Capital

Investor

website

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

Everberg Capital is a private investment firm that looks to partner with family-owned businesses, entrepreneurs, and financial sponsors with capital for acquisition financing, leveraged buyouts, growth opportunities, and recapitalizations. Broad areas of interest include industrials, business services, consumer products/services, and healthcare. Everberg can invest across the capital structure and seeks to commit $10 to $100 million per transaction. Everberg Capital was formed in 2019 and is based in New York City.

DEAL STATS #
Overall 7 of 18
Sector (Plastics) 1 of 1
Type (Recapitalization) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 6 of 16
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Penn Foster

Scranton, Pennsylvania, United States

Penn Foster is a leading provider of high school diploma, workforce education, and training solutions. The business focuses on adult learners who seek forms of higher education to improve their career skills and employment status. Penn Foster was founded in 1890 and is based in Scranton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Crafty Apes

El Segundo, California, United States

Crafty Apes is a full-service visual effects company. Crafty Apes offers a full suite of VFX services, including set supervision, VFX consultation, 2D and 3D compositing, digital cosmetics and computer-generated imagery. Crafty Apes was founded in 2011 and is based in El Segundo, California.

Buy -

Seller(S) 1

SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.

DEAL STATS #
Overall 24 of 37
Sector (Plastics) 6 of 6
Type (Recapitalization) 1 of 1
State (New Jersey) 1 of 2
Country (United States) 22 of 34
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 OptConnect

Kaysville, Utah, United States

OptConnect is a one-stop-shop provider of wireless connectivity solutions for unattended equipment. Primary Internet of Things (IoT) markets for OptConnect include wireless ATMs, self-service kiosks, micro-markets and digital signage. OptConnect's solution focuses on providing safe, secure, reliable and cost effective IoT connectivity by using a combination of proprietary device configurations, network monitoring and tight integration with wireless internet carriers. OptConnect was founded in 2010 and is based in Kaysville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Myers EPS

Bethlehem, Pennsylvania, United States

Myers EPS is a designer and manufacturer of backup power solutions for emergency lighting and uninterrupted power supply systems for the cable, traffic, and rail end markets. Myers EPS products include centralized and mini inverters, which supply power to critical end markets during an outage. Myers EPS is based in Bethlehem, Pennsylvania.

Buy -
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