M&A Deal Summary

ONCAP Management Partners Acquires Precision Global

On August 7, 2018, private equity firm ONCAP Management Partners acquired packaging company Precision Global from Peak Rock Capital

Acquisition Highlights
  • This is ONCAP Management Partners’ 2nd transaction in the Packaging sector.
  • This is ONCAP Management Partners’ 13th transaction in the United States.
  • This is ONCAP Management Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2018-08-07
Target Precision Global
Sector Packaging
Buyer(s) ONCAP Management Partners
Sellers(s) Peak Rock Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Precision Global

Greenville, South Carolina, United States
website
Precision Global is a global manufacturer and supplier of aerosol valves, actuators and other dispensing solutions for various end markets, including personal care, household, food, industrial, and pharmaceutical. Based in Greenville, South Carolina, the Company operates a multinational network of facilities spanning fifteen countries on six continents.

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Buyer(S) 1

Buyer

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.

DEAL STATS #
Overall 25 of 33
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 8 of 10
State (South Carolina) 1 of 1
Country (United States) 13 of 18
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 AutoSavvy

Woods Cross, Utah, United States

AutoSavvy is a branded title vehicle retailer in the U.S. AutoSavvy leverages a network of 490+ vehicle rebuilders to turn branded title vehicles into best-in-market inventory. Vehicles undergo a 151-point inspection, and are sold to consumers who save 15-20% on average compared to a comparable clean title vehicle.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Walter Surface Technologies

Windsor, Connecticut, United States

Walter Surface Technologies provides solutions for the global metal working industry. From high-performance abrasives, power tools and tooling to industrial parts washing systems, cleaners, degreasers and lubricants Walter focuses on helping its customers work better. Walter Surface Technologies was established in 1952 and is based in Windsor, Connecticut.

Buy -

Seller(S) 1

SELLER

Peak Rock Capital

Austin, Texas, United States

website

Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.

DEAL STATS #
Overall 6 of 17
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 6
State (South Carolina) 1 of 1
Country (United States) 4 of 15
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 CloudNine

Houston, Texas, United States

CloudNine is a data and legal discovery technology company with proven expertise in simplifying and automating the discovery of data for audits, investigations, and litigation. CloudNine empowers legal and business professionals with eDiscovery automation software and professional services that simplify litigation, investigations, and audits for law firms and corporations. CloudNine was founded in 2002 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-10 TNT Crust

St. Charles, Missouri, United States

TNT Crust manufactures and distributes partially baked self‐rising, flatbread, and other pizza crusts for the foodservice and retail channels. The Company offers products to a diverse customer base of blue-chip restaurants, pizza manufacturers, and food service distributors. TNT Crust was formed in 1981 and is based in Green Bay, Wisconsin.

Buy -
Mergr

Product

Company

Legal