M&A Deal Summary

The Carlyle Group Acquires Novolex

On November 28, 2016, private equity firm The Carlyle Group acquired packaging company Novolex from Wind Point Partners

Acquisition Highlights
  • This is The Carlyle Group’s 5th transaction in the Packaging sector.
  • This is The Carlyle Group’s 284th transaction in the United States.
  • This is The Carlyle Group’s 2nd transaction in South Carolina.
Investment Fate
  • Novolex was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2016-11-28
Target Novolex
Sector Packaging
Buyer(s) The Carlyle Group
Sellers(s) Wind Point Partners
Deal Type Secondary Buyout

Target

Novolex

Hartsville, South Carolina, United States
website
Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Hartsville, South Carolina.

Search 192,297 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

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 576 of 695
Sector (Packaging) 5 of 5
Type (Secondary Buyout) 79 of 125
State (South Carolina) 2 of 3
Country (United States) 284 of 336
Year (2016) 25 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 CMC Networks

Sandton, South Africa

CMC Networks is a Pan-African provider of managed connectivity solutions for global telecoms providers. CMC has a network and office footprint spanning 50 countries in Africa, as well as an extensive Middle Eastern network and key connection points across the globe. Their propriety network allow global telecom companies to provide reliable and high-quality enterprise connectivity to corporate clients across Africa and the Middle East. CMC Networks was founded in 1989 and is based in Sandton, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Conifer Financial Services

San Francisco, California, United States

Conifer Financial Services LLC is an independent asset services firm offering front to back capabilities across all asset classes to pensions, endowments, family offices, hedge funds, private equity and venture capital managers, RIAs, and traditional asset managers.

Sell $89M

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 35 of 54
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 11 of 21
State (South Carolina) 1 of 1
Country (United States) 34 of 49
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Performance Optics

Ramsey, Minnesota, United States

Performance Optics LLC is a global ophthalmic lens manufacturer specializing in polycarbonate, photochromic, polarized and high index eyeglass lenses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Paragon Films

Broken Arrow, Oklahoma, United States

Paragon Films is a manufacturer of high-performance cast stretch films that are principally used to unitize loads while in storage and transit. Paragon Films produces thin-gauge films which outperform competitors in terms of quality, consistency, and value. Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.

Buy -