ACON Investments Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, ACON Investments has acquired 11 companies. It has also invested in 2 others.

ACON Investments’ most common sectors for investment are retail (18%) and oil/gas exploration (9%). The Firm’s most common investment types include growth capital (33%) and buyout (lbo, mbo, mbi) (31%). In total, ACON Investments has invested in 18 US states and 10 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired Mariner Energy for $271M.

In the last 3 years, ACON Investments has exited 4 companies. The Firm’s most common exit type is trade sale (42%). ACON Investments’ largest (disclosed) exit occurred in 2002 when it sold Telemundo Communications Group for $2.7B.

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M&A Summary

  • M&A Total Activity73
    • M&A Buy Activity56
    • M&A Sell Activity17
  • Total Sectors Invested 24
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 25
  • M&A Advisors 11

ACON Investments LLC

1133 Connecticut Avenue NW, Suite 700,
Washington, District of Columbia 20036
United States
(202) 454-1100
www.aconinvestments.com
contact@aconinvestments.com

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Communications, Consumer Products, Distribution, Electrical Equipment, Energy Services and Equipment, Financial Services, Information Technology, Machinery, Marketing, Media, Oil/Gas Exploration, Restaurants, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US, Latin/South America

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 20 150
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (3.0/yr) # 41 2 3 5 1 4 56
vol $793M $793M
Sell (0.8/yr) # 13 - - 3 - 1 17
vol $3.6B $3.6B
  73

Most Recent M&A

Company Date Value Type
Sola de Antequera S.A. 2020-07-31 - Buyout (LBO, MBO, MBI)
Málaga, Spain · www.alsurvegetales.com
Borden Dairy Co. 2020-06-06 - Bankruptcy
Jacksonville, Florida · www.bordendairy.com
Salesland S.L. 2020-02-19 - Buyout (LBO, MBO, MBI)
Madrid, Spain · www.salesland.net
Bargain Holdings LLC 2020-02-11 - Recapitalization
LaVergne, Tennessee · www.bargainhunt.com
Pine Environmental Services LLC 2020-01-07 - Secondary Buyout
Windsor, New Jersey · www.pine-environmental.com
Germaine de Capuccini, S.A. 2019-02-13 - Buyout (LBO, MBO, MBI)
Alacant, Spain · www.germaine-de-capuccini.com
International Imaging Materials, Inc. 2018-12-11 - Secondary Buyout
Amherst, New York · www.iimak.com
Betterware de Mexico S.A. de C.V. 2018-12-06 - Unknown
Guadalajara, Mexico · www.betterware.com.mx
FLEETWASH, Inc. 2018-10-02 - Secondary Buyout
Fairfield, New Jersey · www.fleetwash.com
Goody Products, Inc. 2018-08-13 - Divestiture
Atlanta, Georgia · www.goody.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
BioMatrix Specialty Pharmacy LLC 2016-11-28 City Drugs NY Corp. 2020-06-02 3
Plantation, Florida · www.biomatrixsprx.com New York, New York · www.citydrugs.com
Goody Products, Inc. 2018-08-13 JD Beauty Group 2019-03-11 1
Atlanta, Georgia · www.goody.com Hauppauge, New York · www.jdbeauty.com
Funko LLC 2015-11-02 Forrest-Pruzan Creative, Inc. 2019-02-15 4
Lynnwood, Washington · www.funko.com Seattle, Washington · www.forrest-pruzan.com
BioMatrix Specialty Pharmacy LLC 2016-11-28 Decillion Healthcare 2018-04-02 2
Plantation, Florida · www.biomatrixsprx.com Dublin, Ohio · www.decillionhealthcare.com
Funko LLC 2015-11-02 Evil Corp. 2017-12-05 3
Lynnwood, Washington · www.funko.com Everett, Washington
BioMatrix Specialty Pharmacy LLC 2016-11-28 Elwyn Pharmacy Group 2017-11-08 1
Plantation, Florida · www.biomatrixsprx.com Garnet Valley, Pennsylvania · www.elwynpharmacygroup.com
Funko LLC 2015-11-02 Loungefly 2017-05-22 2
Lynnwood, Washington · www.funko.com Los Angeles, California · www.loungefly.com
Funko LLC 2015-11-02 Underground Toy Ltd. 2017-01-23 1
Lynnwood, Washington · www.funko.com Chelmsford, United Kingdom · www.underground-toys.com
Injured Workers Pharmacy LLC 2014-07-23 Chronic Care, Inc. (dba MH Express Pharmacy) 2015-08-03 1
Methuen, Massachusetts · www.iwpharmacy.com Monrovia, California · www.expresscci.com
Happ Controls LLC (dba Suzo-Happ Group) 2012-07-17 SCAN COIN AB 2015-01-30 1
Mount Prospect, Illinois · www.suzohapp.com Malmö, Sweden · www.scancoin.com

M&A by Sector

Sector Current # Value All-time # Value
Retail 5 (14%) - 10 (18%) -
Oil/Gas Exploration 4 (11%) 250M (48%) 5 (9%) 521M (66%)
Energy Services and Equipment 3 (8%) - 5 (9%) -
Consumer Products 4 (11%) - 4 (7%) -
Distribution 2 (6%) - 3 (5%) -
Financial Services 1 (3%) - 3 (5%) -
Marketing 1 (3%) - 3 (5%) -
Media - - 3 (5%) -
Electrical Equipment - - 2 (4%) -
Environmental 2 (6%) - 2 (4%) -
Food 1 (3%) - 2 (4%) -
Life Science 2 (6%) - 2 (4%) -
Utilities 1 (3%) 253M (48%) 1 (2%) 253M (32%)
Building Materials 1 (3%) 19M (4%) 1 (2%) 19M (2%)
Agriculture 1 (3%) - 1 (2%) -
Business Services 1 (3%) - 1 (2%) -
Communications 1 (3%) - 1 (2%) -
Construction 1 (3%) - 1 (2%) -
Consumer Services 1 (3%) - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Manufacturing 1 (3%) - 1 (2%) -
Packaging 1 (3%) - 1 (2%) -
Restaurants 1 (3%) - 1 (2%) -
Technology Hardware 1 (3%) - 1 (2%) -
Total 36 $522M 56 $793M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 23 (64%) 522M (100%) 35 (63%) 793M (100%)
  Texas 4 (11%) 250M (48%) 7 (13%) 521M (66%)
  New Jersey 5 (14%) - 5 (9%) -
  Florida 2 (6%) 253M (48%) 4 (7%) 253M (32%)
  California - - 3 (5%) -
  Illinois 2 (6%) - 2 (4%) -
  Arizona 1 (3%) - 2 (4%) -
  Missouri 1 (3%) 19M (4%) 1 (2%) 19M (2%)
  Washington 1 (3%) - 1 (2%) -
  Tennessee 1 (3%) - 1 (2%) -
  New York 1 (3%) - 1 (2%) -
  Montana 1 (3%) - 1 (2%) -
  Mississippi 1 (3%) - 1 (2%) -
  Massachusetts 1 (3%) - 1 (2%) -
  Georgia 1 (3%) - 1 (2%) -
  Colorado 1 (3%) - 1 (2%) -
  South Carolina - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
Spain 4 (11%) - 4 (7%) -
Mexico 2 (6%) - 4 (7%) -
Brazil 2 (6%) - 3 (5%) -
Colombia 2 (6%) - 3 (5%) -
Argentina 1 (3%) - 2 (4%) -
Venezuela 1 (3%) - 2 (4%) -
Peru 1 (3%) - 1 (2%) -
Ecuador - - 1 (2%) -
Netherlands - - 1 (2%) -
Domestic 23 (64%) 522M (100%) 35 (63%) 793M (100%)
Cross-border 13 (36%) - 21 (38%) -
Total 36 $522M 56 $793M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 10 (28%) 253M (48%) 18 (32%) 253M (32%)
Buyout (LBO, MBO, MBI) 12 (33%) 250M (48%) 17 (30%) 250M (32%)
Secondary Buyout 11 (31%) 19M (4%) 11 (20%) 19M (2%)
Divestiture 1 (3%) - 4 (7%) 271M (34%)
Special Situations/Distressed 1 (3%) - 3 (5%) -
Recapitalization 1 (3%) - 2 (4%) -
Consolidation - - 1 (2%) -
Total 36 $522M 56 $793M

Exits by Deal Type

Type Total # Value
Trade Sale 9 (53%) 850M (24%)
Merger 2 (12%) -
Trade Sale - Public Company 1 (6%) 2.7B (76%)
Bankruptcy 1 (6%) -
IPO 1 (6%) -
Secondary Sale 1 (6%) -
Stake Sale 1 (6%) -
Unknown 1 (6%) -
Total 17 $3.6B

Top M&A Advisors

Financial Deals
Willis Capital Markets & Advisory
1
The Food Partners LLC
1
Greenhill & Co., Inc.
1
Legal Deals
Hogan Lovells
6
Gómez-Pinzón Zuleta Abogados SAS
2
Miranda & Amado Abogados
2

Deal Values

buy # Total
$100M to $1B 3 $774M
< $100M 1 $19M
TOTAL $793M
Largest Mariner Energy, Inc.
$271M (2004-03-03)
sell # Total
> $1B 1 $2.7B
$100M to $1B 1 $715M
< $100M 2 $135M
TOTAL $3.6B
Largest Telemundo Communications Group, Inc.
$2.7B (2002-04-12)

M&A Connections

Deals %
Acquired from
PE Firm(s)
90%
18 90%
Strategic(s)
10%
2 10%
Exited to
PE Firm(s)
11%
1 11%
Strategic(s)
89%
8 89%

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