M&A Deal Summary |
|
|---|---|
| Date | 2015-08-04 |
| Target | Hallcon |
| Sector | Transportation |
| Buyer(s) | Novacap |
| Sellers(s) |
Southfield Capital
Capitala Group |
| Deal Type | Secondary Buyout |
| Advisor(s) | Lazard Ltd. BB&T Capital Markets (Financial) Finn Dixon & Herling LLP Stikeman Elliott LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 8.0B CAD |
| Size | Mega |
| Type | Sector Agnostic |
Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 59 |
| Sector (Transportation) | 3 of 3 |
| Type (Secondary Buyout) | 4 of 8 |
| State (Illinois) | 1 of 3 |
| Country (United States) | 9 of 18 |
| Year (2015) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-06 |
IPL
Saint-Damien, Quebec, Canada IPL is engaged in design, manufacturing and marketing of more than 400 moulded, plastic resin-based products through injection and extrusion. IPL was founded in 1939 and is based in Saint-Damien, Quebec. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-14 |
Nitrex
Saint-Laurent, Quebec, Canada Nitrex is a provider of fully integrated heat-treating solutions and technologies globally. Nitrex offers commercial metal treating services throughout the world. Nitrex was founded in 1984 and is based in Saint-Laurent, Quebec. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 125M USD |
| Size | Small |
| Type | Sector Agnostic |
Southfield Capital is a private investment group focused on buying and building lower middle-market businesses headquartered throughout North America. The Firm prefers to control investment situations and looks to commit $20 to $60 million of equity in companies valued from $25 to $125 million. Target sectors include manufacturing, distribution and fulfillment, and specialty services. Southfield avoids investing in agriculture, mining, heavy construction, and hazardous materials. Prospective investment situations include buyouts, consolidations, recapitalizations, and growth financings. Southfield Capital is a successor company to the private investment firm Levison & Company and is based in Greenwich, Connecticut with additional offices in Alexandria, Virginia, and Louisville, Kentucky.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 9 |
| Sector (Transportation) | 1 of 2 |
| Type (Secondary Buyout) | 3 of 5 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 4 of 8 |
| Year (2015) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-01 |
Spectrum Automotive Holdings
Fairfield, New Jersey, United States Spectrum Automotive Holdings is an agent, marketer, and administrator of finance and insurance ("F&I") products for the U.S. automotive market. Spectrum Automotive is providing a full suite of proprietary and third-party extended warranty and ancillary products to more than 1,400 dealer, administrator, and original equipment manufacturer partners. Spectrum Automotive Holdings was founded in 1999 and is based in Fairfield, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-22 |
Tier One Relocation
Weirton, West Virginia, United States Tier One Relocation is a logistics manager that specializes in household goods moves for military personnel. Tier One Relocation is an outsourced service provider to transportation companies and provides a range of mission-critical services, including order procurement, relocation management, customer service and back-office administration. The Company’s core value proposition is its ability to maximize customer revenue, capacity utilization and provide complete outsourcing of the rigorous department of defense administrative process. Tier One Relocation was founded in 2010 and is based in Weirton, West Virginia. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 49 |
| Sector (Transportation) | 1 of 1 |
| Type (Secondary Buyout) | 7 of 18 |
| State (Illinois) | 1 of 2 |
| Country (United States) | 21 of 48 |
| Year (2015) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-01 |
Fresh Dining Concepts
Coral Gables, Florida, United States Fresh Dining Concepts is a third-largest Auntie Anne’s franchisee and operates over 50 in-line stores, baking kiosks and satellite retail units along the East Coast from New York to Florida. Fresh Dining Concepts is based in Coral Gables, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-15 |
Quincy Bioscience
Madison, Wisconsin, United States Quincy is a biotech company that focuses on developing supplements that support cognitive function and brain health. |
Sell | - |
