M&A Deal Summary

Nova Capital Management Acquires World and Main

On October 8, 2018, secondary investor Nova Capital Management acquired distribution company World and Main from Littlejohn

Acquisition Highlights
  • This is Nova Capital Management’s 4th transaction in the Distribution sector.
  • This is Nova Capital Management’s 13th transaction in the United States.
  • This is Nova Capital Management’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2018-10-08
Target World and Main
Sector Distribution
Buyer(s) Nova Capital Management
Sellers(s) Littlejohn
Deal Type Secondary Buyout

Target

World and Main

Cranbury, New Jersey, United States
website
World and Main is a distributor of a broad selection of hardware and housewares-related products to a variety of retailers and wholesalers in North America. World and Main is a critical link in the supply chain for both large and small retailers and wholesalers which don’t have the infrastructure, scale or expertise to manage a large variety of SKUs on a just in time basis. World and Main is based in Cranbury, New Jersey.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.


DEAL STATS #
Overall 41 of 42
Sector (Distribution) 4 of 4
Type (Secondary Buyout) 2 of 3
State (New Jersey) 1 of 1
Country (United States) 13 of 14
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Shur-Line

Waukesha, Wisconsin, United States

Shur-Line is a manufacturer of paint related tools and accessories. Shur-Line was founded in 1945 and is based in Waukesha, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Amerock

Columbia, Maryland, United States

Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

Sell -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 33 of 45
Sector (Distribution) 5 of 7
Type (Secondary Buyout) 12 of 15
State (New Jersey) 2 of 3
Country (United States) 29 of 41
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Interior Specialists

Carlsbad, California, United States

Interior Specialists, Inc. is a provider of outsourced interior design and installation services for homebuilders in the Southwestern U.S. The company sells flooring, countertops, window coverings, cabinets, and other products to homeowners and contracts with installers to install these products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Cook & Boardman

Winston-Salem, North Carolina, United States

Cook & Boardman offers a broad range of products including metal and wood doors, locks, doorframes, and other related building components for non-residential applications. The Company operates a network of thirty-five locations across eleven states and services its customers nationwide. Cook & Boardman was founded in 1955 and is based in Winston-Salem, North Carolina.

Buy -