M&A Deal Summary

Onex Partners Acquires WireCo WorldGroup

On June 27, 2016, private equity firm Onex Partners acquired electrical equipment company WireCo WorldGroup from Paine Schwartz Partners

Acquisition Highlights
  • This is Onex Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Onex Partners’ 31st transaction in the United States.
  • This is Onex Partners’ 1st transaction in Missouri.

M&A Deal Summary

Date 2016-06-27
Target WireCo WorldGroup
Sector Electrical Equipment
Buyer(s) Onex Partners
Sellers(s) Paine Schwartz Partners
Deal Type Recapitalization

Target

WireCo WorldGroup

Kansas City, Missouri, United States
website
WireCo WorldGroup is a global manufacturer of mission-critical steel wire rope, synthetic rope, specialty wire and engineered products. WireCo’s multiple market major premium, global brands are recognized throughout the world for their quality and reliability. Its products are used in a disparate range of applications in the industrial, onshore and offshore oil and gas, mining, fishing and maritime end-markets. Based in Prairie Village, Kansas, the company operates 24 manufacturing facilities in eight countries and employs approximately 4,000 people.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 38 of 57
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 1
State (Missouri) 1 of 2
Country (United States) 31 of 42
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 RES

Bellaire, Texas, United States

RES is a provider of ecological offsets and environmental solutions. RES helps clients proactively manage risk from operations in environmentally sensitive areas. RES was founded in 2007 and is based in Bellaire, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Clarivate

London, United Kingdom

Clarivate is a provider of solutions to accelerate the lifecycle of innovation. Clarivate bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect, and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. Clarivate is based in London, United Kingdom.

Buy $3.6B

Seller(S) 1

SELLER

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.


DEAL STATS #
Overall 20 of 26
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 2
State (Missouri) 2 of 2
Country (United States) 13 of 16
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 AgBiTech Pty

Fort Worth, Texas, United States

AgBiTech Pty Ltd. is a producer of cutting edge, reliable, and environmentally safe pest management solutions that make farming more profitable and sustainable. The company also distributes biological insecticide products in Australia, Brazil and the U.S. under the Vivus Max, Armigen and Heligen brands, respectively. AgBiTech was founded in 2000 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Meadow Foods

Chester, United Kingdom

Meadow Foods is a dairy group and supplier of milk based dairy ingredients to the food industry. Meadow Foods currently handles more than 500 million liters of milk each year direct from over 550 farmer suppliers from across the North of England, Midlands and North & West Wales. Meadow Foods was founded in 1992 and is based in Chester, United Kingdom.

Buy -