M&A Deal Summary

Cloquet Capital Partners, SFW Capital Partners, Linden Capital Partners, Waud Capital Partners and AEA Investors Acquire Sovereign Specialty Chemicals

On March 1, 1996, venture capital firm Cloquet Capital Partners, private equity firm SFW Capital Partners, private equity firm Linden Capital Partners, private equity firm Waud Capital Partners and private equity firm AEA Investors acquired chemicals company Sovereign Specialty Chemicals

Acquisition Highlights
  • This is Cloquet Capital Partners’ 1st, SFW Capital Partners’ 1st, Linden Capital Partners’ 1st, Waud Capital Partners’ 1st and AEA Investors’ 1st transaction in the Chemicals sector.
  • This is Cloquet Capital Partners’ 2nd, SFW Capital Partners’ 1st, Linden Capital Partners’ 2nd, Waud Capital Partners’ 3rd and AEA Investors’ 3rd transaction in the United States.
  • This is Cloquet Capital Partners’ 1st, SFW Capital Partners’ 1st, Linden Capital Partners’ 1st, Waud Capital Partners’ 2nd and AEA Investors’ 1st transaction in Illinois.
Investment Fate
  • Sovereign Specialty Chemicals was sold to a strategic buyer in 2004 for 575M USD.
  • Sovereign Specialty Chemicals was sold to a strategic buyer in 2004 for 575M USD.

M&A Deal Summary

Date 1996-03-01
Target Sovereign Specialty Chemicals
Sector Chemicals
Buyer(s) Cloquet Capital Partners
SFW Capital Partners
Linden Capital Partners
Waud Capital Partners
AEA Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

Sovereign Specialty Chemicals

Chicago, Illinois, United States
website
Sovereign Specialty Chemicals Corporation was a consolidation of several brands of specialty chemicals. Sovereign was formed to build, through acquisition and internal growth, a worldwide provider of specialty chemical companies.

Search 192,349 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) 5

Buyer

Cloquet Capital Partners

New Canaan, Connecticut, United States

Investor Investor Investor

website


Category Venture Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cloquet Capital Partners is a private investment firm focused on early to growth stage company investing. Areas of interest include IT services, value-added manufacturing, distribution, and business services. Cloquet looks to commit up to $5OOK per transaction. Cloquet Capital Partners was formed in 2003 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 2 of 5
Sector (Chemicals) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 5
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Pacer Propane Redmond

Redmond, Washington, United States

Pacer Propane Redmond has been providing propane delivery and service. Its main objective is to provide exceptional customer service, while maintaining consistently competitive pricing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-30 Fiberite

Tempe, Arizona, United States

Fiberite is a manufacture of advanced composite materials. Applications include commercial and military aircraft structures and interiors, carbon/carbon brakes, commercial and military satellites, sporting goods, industrial products and medical products.

Sell -
Buyer

SFW Capital Partners

Rye, New York, United States

website


Category Private Equity Firm
Founded 2007
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

SFW Capital Partners is a private equity firm that seeks investments in US based, lower middle market companies that provide analytical tools or related outsourced analytical services. Specific areas of interest include test, measurement, and control instruments, as well as analytical software and information services. SFW primarily seeks control positions where the firm can commit $25 to $200 million per transaction. SFW Capital Partners was formed in 2007 and is based in Rye, New York.


DEAL STATS #
Overall 1 of 16
Sector (Chemicals) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 15
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-24 Waters

Milford, Massachusetts, United States

Waters is a manufacturer of high and ultra-high performance liquid chromatography and mass spectrometry instruments. It offers thermal analysis, rheometry and calorimetry instruments and supplies software based products to interface with the company's and other manufacturers' instruments. Waters was formed in 1958 and is based in Milford, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-19 Telephia

San Francisco, California, United States

Telephia, Inc., is a provider of syndicated consumer research to the telecom and mobile media markets.

Buy -
Buyer

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 48
Sector (Chemicals) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 13
State (Illinois) 1 of 9
Country (United States) 2 of 47
Year (1996) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Kendro Laboratory Products

Asheville, North Carolina, United States

Kendro Laboratory Products is a provider of sample preparation solutions to the life science industry. Products include centrifuges, bioprocess separators, incubators, freezers, ovens and clean air equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 AbilityOne

Bolingbrook, Illinois, United States

AbilityOne Corp. is a distributor of rehabilitation and assistive device products used to speed recovery, improve mobility and aid independence for injured, aging and physically-challenged adults and children.

Buy -
Buyer

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $50 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 45
Sector (Chemicals) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 26
State (Illinois) 2 of 6
Country (United States) 3 of 44
Year (1996) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Pacer Propane Redmond

Redmond, Washington, United States

Pacer Propane Redmond has been providing propane delivery and service. Its main objective is to provide exceptional customer service, while maintaining consistently competitive pricing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-01 Whitehall Products

Montague, Michigan, United States

Whitehall Products designs and manufactures an extensive range of decorative aluminum products. Whitehall Products was founded in 1941 and is based in Montague, Michigan.

Buy -
Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 4 of 114
Sector (Chemicals) 1 of 6
Type (Buyout (LBO, MBO, MBI)) 3 of 35
State (Illinois) 1 of 10
Country (United States) 3 of 99
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-24 Waters

Milford, Massachusetts, United States

Waters is a manufacturer of high and ultra-high performance liquid chromatography and mass spectrometry instruments. It offers thermal analysis, rheometry and calorimetry instruments and supplies software based products to interface with the company's and other manufacturers' instruments. Waters was formed in 1958 and is based in Milford, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-03 Graco Children s Products

Exton, Pennsylvania, United States

Graco Children's Products designs, manufactures, and sells juvenile products in the United States. The company’s products include car seats, strollers, travel systems, playards, swings and soothers, highchairs, activity center products, and nursery and care products. It sells its products through online and off-line retailers.

Sell $320M