M&A Deal Summary

American Capital Acquires Piper Aircraft

On May 28, 1998, private equity firm American Capital acquired aerospace company Piper Aircraft from Dimeling Schreiber & Park

Acquisition Highlights
  • This is American Capital’s 1st transaction in the Aerospace sector.
  • This is American Capital’s 10th transaction in the United States.
  • This is American Capital’s 1st transaction in Florida.
Investment Fate
  • Piper Aircraft was sold to a strategic buyer in 2009.

M&A Deal Summary

Date 1998-05-28
Target Piper Aircraft
Sector Aerospace
Buyer(s) American Capital
Sellers(s) Dimeling Schreiber & Park
Deal Type Buyout (LBO, MBO, MBI)

Target

Piper Aircraft

Vero Beach, Florida, United States
Piper Aircraft, Inc. a leading manufacturer of piston engine-powered light aircraft for the general aviation and flight training markets,based in Vero Beach,Florida.

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Buyer(S) 1

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 10 of 265
Sector (Aerospace) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 7 of 125
State (Florida) 1 of 12
Country (United States) 10 of 253
Year (1998) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-09 The L.A. Studios

Hollywood, California, United States

The L.A. Studios, Inc. the largest privately audio post-production operation in the Western United States. he L.A. Studios Inc. specializes in Hi-Def 5.1 surround sound mixing, ADR, Sound Design and editing, ISDN and voice over recording and mixing for animated feature films, TV series, commercials and entertainment advertising. ?We embody the personalized feel of pampered environments found in creative boutiques, yet also share the economic benefits available by pooling resources, equipment and talent found among our several locations. ?The L.A. Studios Inc. currently features 16 studios in three locations featuring the most experienced, award-winning engineering staff in Los Angeles and remains the largest employee-owned audio post house in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-14 TransFirst

Hauppauge, New York, United States

TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies.

Buy -

Seller(S) 1

SELLER

Dimeling Schreiber & Park

Philadelphia, Pennsylvania, United States

Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dimeling, Schreiber & Park (DS&P) is a private investment firm that invests in a broad range of middle market companies. The Firm specializes in leveraged acquisitions, recapitalizations and Chapter 11 reorganizations. In addition to investing in private companies, DS&P will also consider opportunities in real estate. Dimeling, Schreiber & Park was formed in 1982 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 6
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 6
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-03-01 Piper Aircraft

Vero Beach, Florida, United States

Piper Aircraft, Inc. a leading manufacturer of piston engine-powered light aircraft for the general aviation and flight training markets,based in Vero Beach,Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-06 Martin Color-Fi

Edgefield, South Carolina, United States

Producers of Polyester and other synthetic fibers from recycled materials for a wide range of markets around the world, including automotive and industrial, based in Edgefield, South Carolina.

Buy -