M&A Deal Summary |
|
|---|---|
| Date | 2012-11-28 |
| Target | Becker Underwood |
| Sector | Chemicals |
| Buyer(s) | BASF |
| Sellers(s) |
Norwest Equity Partners
Norwest Mezzanine Partners Antares Capital LNC Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.2B USD |
| Advisor(s) | Greenhill & Co., Inc. (Financial) |
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BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 20 |
| Sector (Chemicals) | 9 of 12 |
| Type (Add-on Acquisition) | 8 of 15 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 6 of 8 |
| Year (2012) | 4 of 4 |
| Size (of disclosed) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-06-12 |
Equateq
Isle of Lewis, United Kingdom Equateq Ltd. is a producer of highly concentrated omega-3 fatty acids. Equateq’s proprietary technology allows flexible formulation of omega-3 fatty acids at exceptional purity levels. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-19 |
BASF SE - Capcure Business
Germany BASF's Capcure Business consists of mercaptan-based curatives that are used in epoxy curing applications that require rapid room temperature cure. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1961 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 50 |
| Sector (Chemicals) | 1 of 2 |
| Type (Add-on Acquisition) | 11 of 19 |
| State (Iowa) | 3 of 3 |
| Country (United States) | 22 of 49 |
| Year (2012) | 4 of 4 |
| Size (of disclosed) | 1 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-04 |
The Waddington Group
Covington, Kentucky, United States The Waddington Group is a manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. Headquartered in Covington, KY, the company operates seventeen manufacturing facilities across the U.S., Canada, the United Kingdom and Ireland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-01 |
Trilliant Food & Nutrition
Little Chute, Wisconsin, United States Trilliant Food & Nutrition (f/k/a Victor Allen’s Coffee) roasts, grinds, and packages gourmet and traditional coffee through private label and its own brands. Victor Allen’s primarily sells through retail and foodservice distributor channels, sourcing beans from 16 different countries and offering over 100 blending formulas of extensive variety. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 53 |
| Sector (Chemicals) | 1 of 3 |
| Type (Add-on Acquisition) | 9 of 26 |
| State (Iowa) | 3 of 3 |
| Country (United States) | 21 of 51 |
| Year (2012) | 3 of 3 |
| Size (of disclosed) | 2 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-06 |
Stanton Carpet
Syosset, New York, United States Stanton Carpet is a designer and distributor of decorative, high-quality branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton Carpet was founded in 1980 and is based in Syosset, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-14 |
Hospice Advantage
Bay City, Michigan, United States Hospice Advantage, Inc. is a hospice care organization that provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 42 |
| Sector (Chemicals) | 1 of 1 |
| Type (Add-on Acquisition) | 10 of 17 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 24 of 41 |
| Year (2012) | 2 of 3 |
| Size (of disclosed) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-19 |
Cellit
Miami, Florida, United States Cellit is a developer of software to automate multimedia customer interactions for the call center and customer service industries. Cellit was founded in 1994 and is based in Miami, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-31 |
DTx
Melbourne, Florida, United States DTx provides Designs, manufactures, and contract manufacturing and logistics services for embedded systems for medical device, broadcast equipment, and point-of-sale system customers. DTx was founded 1991 and is based in Melbourne, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 26 |
| Sector (Chemicals) | 1 of 1 |
| Type (Add-on Acquisition) | 5 of 9 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 14 of 26 |
| Year (2012) | 2 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-09-06 |
Vitalyst
Bala Cynwyd, Pennsylvania, United States Vitalyst is a provider of remote, desktop application software support services for Fortune 1000 Companies. The Company works in partnership with clients' IT departments as both a Help Desk support enhancement as well as a remote training department for desktop application software. Vitalyst was founded in 1992 and is based in Bala Cynwyd, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-19 |
Nordco
Oak Creek, Wisconsin, United States Nordco is a provider of highly-engineered equipment, parts and services to the railroad maintenance-of-way, railcar moving and rail flaw detection sectors. Nordco was founded in 1926 and is based in Oak Creek, Wisconsin. |
Sell | - |
