M&A Deal Summary

American Capital Acquires WIS International

On January 23, 2007, private equity firm American Capital acquired business services company WIS International from ONCAP Management Partners for 411M USD

Acquisition Highlights
  • This is American Capital’s 14th transaction in the Business Services sector.
  • This is American Capital’s 10th largest (disclosed) transaction.
  • This is American Capital’s 3rd transaction in Canada.
  • This is American Capital’s 3rd transaction in Ontario.

M&A Deal Summary

Date 2007-01-23
Target WIS International
Sector Business Services
Buyer(s) American Capital
Sellers(s) ONCAP Management Partners
Deal Type Secondary Buyout
Deal Value 411M USD

Target

WIS International

Mississauga, Ontario, Canada
website
WIS International is a global provider of outsourced inventory management services. WIS International was founded in 1967 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

American Capital

website


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 223 of 265
Sector (Business Services) 14 of 18
Type (Secondary Buyout) 43 of 60
State (Ontario) 3 of 4
Country (Canada) 3 of 4
Year (2007) 2 of 21
Size (of disclosed) 10 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-18 Pacific Handy Cutter

Irvine, California, United States

Pacific Handy Cutter is a designer, manufacturer, and marketer of branded razor cutting tools with enhanced safety features designed to eliminate workplace injuries and product damage in commercial backroom operations. Pacific Handy Cutter was founded in 1950 and is based in Irvine, California.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-29 Explorer Pipeline

Tulsa, Oklahoma, United States

Explorer Pipeline Co. is an owner and operator of refined liquid petroleum products pipeline in the United States.

Buy -

Seller(S) 1

SELLER

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.


DEAL STATS #
Overall 4 of 16
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 1 of 7
State (Ontario) 3 of 4
Country (Canada) 4 of 8
Year (2007) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 EnGlobe

Quebec, Quebec, Canada

EnGlobe an international integrated environmental services company specializing in the management of organic-based waste streams and contaminated soils, with an emphasis on beneficial reuse.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 CMC Electronics

Burnaby, British Columbia, Canada

CMC Electronics, Inc., is engaged primarily in the design, development, manufacture, sale and support of high-technology electronic products and systems for the aerospace, communications, and electronic components markets for military and commercial customers.

Sell $392M