M&A Deal Summary

American Capital, L Catterton Partners and KRG Capital Partners Acquire Case Logic Wireless

On August 24, 2000, private equity firm American Capital, growth capital firm L Catterton Partners and private equity firm KRG Capital Partners acquired technology hardware company Case Logic Wireless for 480M USD

Acquisition Highlights
  • This is American Capital’s 1st, L Catterton Partners’ 1st and KRG Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is American Capital’s 7th, L Catterton Partners’ 7th and KRG Capital Partners’ 2nd largest (disclosed) transaction.
  • This is American Capital’s 36th, L Catterton Partners’ 9th and KRG Capital Partners’ 5th transaction in the United States.
  • This is American Capital’s 2nd, L Catterton Partners’ 1st and KRG Capital Partners’ 2nd transaction in Colorado.
Investment Fate
  • Case Logic Wireless was sold to a strategic buyer in 2007.

M&A Deal Summary

Date 2000-08-24
Target Case Logic Wireless
Sector Technology Hardware
Buyer(s) American Capital
L Catterton Partners
KRG Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 480M USD

Target

Case Logic Wireless

Longmont, Colorado, United States
Case Logic Wireless, Inc. is a designer and marketer of storage products and accessories for the audio, computer, photo/video, DVD, automotive and recreational markets.

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Buyer(S) 3

Buyer

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 37 of 265
Sector: Technology Hardware M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 27 of 125
State: Colorado M&A 2 of 4
Country: United States M&A 36 of 253
Year: 2000 M&A 6 of 11
Size (of disclosed) 7 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-21 o2 Wireless Solutions

Atlanta, Georgia, United States

o2 Wireless Solutions, Inc. is a leading engineering and construction services provider to the telecommunications industry that builds wireless and wireline telecommunications networks for fiber, cable, carriers and tower owners. Clear Group will be the largest independent wireless site engineering and construction company in the United States, having completed projects in every one of the continental United States and eleven foreign countries. Atlanta-based o2wireless provides a full range of network services to all sectors of the global wireless telecommunications industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-06 Chromas Technologies

Duncansville, Pennsylvania, United States

Chromas Technologies Corporation designs and produces of flexographic and narrow web printing presses for tag, label, and package printing industries.

Buy -
Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 9 of 223
Sector: Technology Hardware M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 48
State: Colorado M&A 1 of 9
Country: United States M&A 9 of 134
Year: 2000 M&A 4 of 5
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-03 Odwalla

Dinuba, California, United States

Odwalla is a producer of all-natural, super-premium juices and smoothies, dairy-free shakes, natural spring water, and food bars serving thousands of accounts coast to coast. Odwalla was formed in 1980 and is based in Dinuba, 93618, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-01 Insight Pharmaceuticals

Langhorne, Pennsylvania, United States

Insight Pharmaceuticals Corp. is a consumer products company provides consumer OTC products.

Buy -
Buyer

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 5 of 42
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 19
State: Colorado M&A 2 of 4
Country: United States M&A 5 of 41
Year: 2000 M&A 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-24 White Cap

Norcross, Georgia, United States

White Cap is a distributor of specialty concrete and construction products. White Cap serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and industrial applications. White Cap was formed in 1976 and is based in Norcross, Georgia.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Tensar

Alpharetta, Georgia, United States

Tensar is a global provider of innovative subgrade soil reinforcement solutions, selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems. Geogrids are polymer-based products used for ground stabilization, soil reinforcement, and asphalt optimization in construction applications including roadways, public infrastructure, and industrial facilities. Tensar originated geogrid technology, which reduces aggregate consumption, thereby decreasing construction time, expense, and the project owner's cost of lifetime maintenance. The company also has a large portfolio of proprietary products. Tensar was formed in 1983 and is based in Alpharetta, Georgia.

Buy -