M&A Deal Summary |
|
|---|---|
| Date | 2009-06-22 |
| Target | Drew Marine, Inc. |
| Sector | Chemicals |
| Buyer(s) |
J.F. Lehman & Company
Barings LLC |
| Sellers(s) | Ashland Global Holdings Inc. |
| Deal Type | Divestiture |
| Deal Value | 120M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 900M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 41 |
| Sector (Chemicals) | 1 of 2 |
| Type (Divestiture) | 6 of 12 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 13 of 37 |
| Year (2009) | 1 of 2 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-06-02 |
Hawaii Superferry, Inc.
Honolulu, Hawaii, United States Hawaii Superferry, Inc. is a provider of high-speed interisland ferry service among the Hawaiian Islands. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-06-30 |
Defense Venture Group
Indian Land, South Carolina, United States Defense Venture Group is a designer and manufacturer of innovative force protection systems and products. DVG is a holding company with two principal operating businesses: (i) Indigen Armor, which designs and manufactures low-profile, purpose-built armored vehicles and (ii) ArmorLine, which develops and manufactures force protection products, including armored vehicle extraction devices and transparent ceramic Spinel. Defense Venture Group was founded in 2004 and is based in Indian Land, South Carolina. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1955 |
| PE ASSETS | 288.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Babson Capital is an investment management and advisory firm based in Boston, Massachusetts. In addition to its other investment vehicles, Babson invests in mezzanine, distressed, and private equity transactions. Babson targets potential transactions valued between $50 and $300 million. The Firm commits between $10 and $40 million for mezzanine capital needs and between $3 and $15 million for private equity investments. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Babson will consider opportunities in the US, Europe, and Asia.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 52 |
| Sector (Chemicals) | 1 of 3 |
| Type (Divestiture) | 2 of 3 |
| State (New Jersey) | 2 of 6 |
| Country (United States) | 7 of 47 |
| Year (2009) | 2 of 4 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-04-28 |
apexanalytix LLC
Greensboro, North Carolina, United States apexanalytix is a provider of supplier management, audit, recovery, and compliance software, and services. apexanalytix was founded in 1988 and is based in Greensboro, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-07-10 |
Barracuda Group Ltd
Marlow, United Kingdom Barracuda Group is a national operator of pubs and bars, and is one of the top ten largest managed pub operators in the UK, with four distinct brands; Smith and Jones, Varsity, Barracuda Bar and Juniper Inns. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1924 |
| Sector | Chemicals |
| Employees | 4,200 |
| Revenue | 2.3B USD (2020) |
Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. The business unit has positions in gelcoats, maleic anhydride, butanediol, tetrahydrofuran, N-Methylpyrrolidone and other intermediates and solvents. Valvoline is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants and automotive chemicals. Ashland was formed in 1924 and is based in Covington, Kentucky.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 11 |
| Sector (Chemicals) | 1 of 9 |
| Type (Divestiture) | 2 of 9 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 2 of 11 |
| Year (2009) | 1 of 1 |
| Size (of disclosed) | 6 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-11 |
Hercules, Inc.
Wilmington,, Delaware, United States Hercules, Inc. is a manufacturer and marketer of chemicals used for making a variety of products for the home, office and industrial markets. |
Buy | $3.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-28 |
Pinova, Inc.
Brunswick, Georgia, United States Pinova, Inc. is a manufacturer of specialty chemical products derived from pine trees and citrus fruit peels. Pinova produces rosin and terpene based resins that are used in a wide range of specialty applications around the world, including food and beverage, adhesive, construction and agriculture. |
Sell | $75M |
