Charlesbank Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Charlesbank Capital Partners has acquired 6 companies. It has also invested in 3 others.

Charlesbank Capital Partners’ most common sectors for investment are distribution (8%) and consumer products (7%). The Firm’s most common investment types include secondary buyout (30%) and buyout (lbo, mbo, mbi) (20%). In total, Charlesbank Capital Partners has invested in 24 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired BJ s Wholesale Club for $2.8B.

In the last 3 years, Charlesbank Capital Partners has exited 6 companies. The Firm’s most common exit type is trade sale (35%). Charlesbank Capital Partners’ largest (disclosed) exit occurred in 2015 when it sold Montpelier Re Holdings for $1.8B.

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M&A Summary

  • M&A Total Activity109
    • M&A Buy Activity65
    • M&A Sell Activity44
  • Total Sectors Invested 32
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 52
  • M&A Advisors 18

Charlesbank Capital Partners

200 Clarendon Street, 54th Floor,
Boston, Massachusetts 02116
United States
(617) 619-5400
www.charlesbank.com

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $1.5 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Automotive, Beverages, Building Materials, Business Services, Communications, Consumer Products, Distribution, Education, Electrical Equipment, Energy Services and Equipment, Engineering, Financial Services, Food, Franchising, Healthcare Services, Insurance, Leisure, Machinery, Manufacturing, Media, Medical Products, Oil/Gas Exploration, Packaging, Restaurants, Retail, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 50 150
Enterprise Value 150 1,500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.2/yr) # 54 2 4 2 2 1 65
vol $7.3B $150M $7.5B
Sell (1.6/yr) # 36 2 6 - - - 44
vol $6.3B $548M $6.9B
  109

Most Recent M&A

Company Date Value Type
Healthcare Fraud Shield 2021-01-13 - Growth Capital
Chesterfield, Missouri · www.hcfraudshield.com
News America Marketing Properties LLC 2020-03-31 - Divestiture
New York, New York · www.newsamerica.com
World Insurance Associates LLC 2020-03-02 - Growth Capital
Tinton Falls, New Jersey · www.worldins.net
DoiT International 2019-11-04 - Growth Capital
Santa Clara, California · www.doit-intl.com
WolfePak Software 2019-10-17 - Secondary Buyout
Abilene, Texas · www.wolfepak.com
Plaskolite, Inc. 2018-11-12 - Secondary Buyout
Columbus, Ohio · www.plaskolite.com
Trojan Battery Co. 2018-11-06 - Add-on Acquisition
Santa Fe Springs, California · www.trojanbattery.com
GrayWolf Industrial 2018-10-11 135M USD Add-on Acquisition
Owensboro, Kentucky · www.graywolfindustrial.com
The Rockport Company LLC 2018-07-04 150M USD Special Situations/Distressed
Canton, Massachusetts · www.rockport.com
BJ's Wholesale Club, Inc. 2018-06-28 - IPO
Westborough, Massachusetts · www.bjs.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aptean, Inc. 2012-08-07 Modula Gesellschaft fur digitale Transformation mbH 2020-12-01 31
Atlanta, Georgia · www.aptean.com Ettlingen, Germany · www.modul-a.com
Park Place Technologies, Inc. 2015-11-30 Curvature, Inc. 2020-11-11 14
Cleveland, Ohio · www.parkplacetechnologies.com Charlotte, North Carolina · www.curvature.com
HelpSystems LLC 2018-04-04 TITUS, Inc. 2020-06-25 7
Eden Prairie, Minnesota · www.helpsystems.com Ottawa, Ontario · www.titus.com
HelpSystems LLC 2018-04-04 Boldon James Ltd. 2020-06-25 6
Eden Prairie, Minnesota · www.helpsystems.com Farnborough, United Kingdom · www.boldonjames.com
Park Place Technologies, Inc. 2015-11-30 IntelliNet Corp. - Network Operations Center (NOC) Business 2020-01-08 13
Cleveland, Ohio · www.parkplacetechnologies.com Cleveland, Ohio
Aptean, Inc. 2012-08-07 LINKFRESH Software Ltd. 2019-10-15 30
Atlanta, Georgia · www.aptean.com Cambridge, United Kingdom · www.linkfresh.com
Park Place Technologies, Inc. 2015-11-30 Entuity, Inc. 2019-08-06 12
Cleveland, Ohio · www.parkplacetechnologies.com Marlborough, Massachusetts · www.entuity.com
HelpSystems LLC 2018-04-04 SecureAuth Corp. - Core Security Solutions 2019-02-06 5
Eden Prairie, Minnesota · www.helpsystems.com Irvine, California
Aptean, Inc. 2012-08-07 Aptean, Inc. - Vertical Business Applications Group 2018-10-30 2
Atlanta, Georgia · www.aptean.com Atlanta, Georgia
Hearthside Food Solutions LLC 2018-04-17 Greencore USA 2018-10-15 1
Downers Grove, Illinois · www.hearthsidefoods.com , United States

M&A by Sector

Sector Current # Value All-time # Value
Distribution 3 (14%) - 5 (8%) -
Retail - - 4 (6%) 5.9B (78%)
Energy Services and Equipment - - 4 (6%) 220M (3%)
Consumer Products - - 4 (6%) 215M (3%)
Financial Services 1 (5%) - 4 (6%) -
Insurance 1 (5%) - 3 (5%) 532M (7%)
Information Technology 3 (14%) 190M (29%) 3 (5%) 190M (3%)
Communications 1 (5%) - 3 (5%) -
Internet Software and Services 3 (14%) - 3 (5%) -
Medical Products 1 (5%) - 3 (5%) -
Restaurants - - 3 (5%) -
Education - - 2 (3%) -
Healthcare Services 1 (5%) - 2 (3%) -
Manufacturing - - 2 (3%) -
Plastics - - 2 (3%) -
Software 2 (9%) - 2 (3%) -
Electronics 1 (5%) 305M (47%) 1 (2%) 305M (4%)
Apparel/Textiles 1 (5%) 150M (23%) 1 (2%) 150M (2%)
Automotive - - 1 (2%) -
Beverages - - 1 (2%) -
Building Materials - - 1 (2%) -
Business Services - - 1 (2%) -
Consumer Services 1 (5%) - 1 (2%) -
Defense 1 (5%) - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Food 1 (5%) - 1 (2%) -
Machinery - - 1 (2%) -
Marine - - 1 (2%) -
Marketing 1 (5%) - 1 (2%) -
Media - - 1 (2%) -
Packaging - - 1 (2%) -
Transportation - - 1 (2%) -
Total 22 $645M 65 $7.5B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 20 (91%) 645M (100%) 58 (89%) 4.4B (59%)
  Massachusetts 2 (9%) 150M (23%) 7 (11%) 3.0B (39%)
  New York 2 (9%) - 6 (9%) 525M (7%)
  Illinois 2 (9%) 190M (29%) 6 (9%) 405M (5%)
  California 2 (9%) 305M (47%) 6 (9%) 305M (4%)
  Tennessee 1 (5%) - 4 (6%) -
  Ohio 2 (9%) - 3 (5%) -
  Missouri 2 (9%) - 3 (5%) -
  Texas 1 (5%) - 3 (5%) 220M (3%)
  Kentucky 1 (5%) - 2 (3%) -
  Oklahoma - - 2 (3%) -
  North Carolina - - 2 (3%) -
  Colorado - - 2 (3%) -
  New Jersey 1 (5%) - 1 (2%) -
  Nebraska 1 (5%) - 1 (2%) -
  Minnesota 1 (5%) - 1 (2%) -
  Georgia 1 (5%) - 1 (2%) -
  Arkansas 1 (5%) - 1 (2%) -
  Wisconsin - - 1 (2%) -
  Virginia - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
  Michigan - - 1 (2%) -
  Florida - - 1 (2%) -
  Delaware - - 1 (2%) -
  Arizona - - 1 (2%) -
Canada - - 3 (5%) 2.6B (34%)
  Ontario - - 1 (2%) 2.6B (34%)
  New Brunswick - - 1 (2%) -
  British Columbia - - 1 (2%) -
Bermuda - - 2 (3%) 532M (7%)
United Kingdom 1 (5%) - 1 (2%) -
Netherlands 1 (5%) - 1 (2%) -
Domestic 20 (91%) 645M (100%) 58 (89%) 4.4B (59%)
Cross-border 2 (9%) - 7 (11%) 3.1B (41%)
Total 22 $645M 65 $7.5B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 12 (55%) - 19 (29%) -
Buyout (LBO, MBO, MBI) - - 13 (20%) 747M (10%)
Stake Purchase 1 (5%) - 10 (15%) 2.6B (34%)
Divestiture 2 (9%) 190M (29%) 9 (14%) 935M (12%)
Growth Capital 3 (14%) - 4 (6%) -
Going Private 1 (5%) 305M (47%) 2 (3%) 3.1B (41%)
Special Situations/Distressed 2 (9%) 150M (23%) 2 (3%) 150M (2%)
PIPE - - 2 (3%) -
Recapitalization - - 2 (3%) -
Consolidation 1 (5%) - 1 (2%) -
Venture - - 1 (2%) -
Total 22 $645M 65 $7.5B

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (30%) 2.3B (33%)
Trade Sale 11 (25%) 655M (10%)
Trade Sale - Public Company 7 (16%) 2.1B (31%)
IPO 7 (16%) -
Merger 2 (5%) 1.8B (27%)
Bankruptcy 1 (2%) -
Recapitalization 1 (2%) -
Stake Sale 1 (2%) -
Unknown 1 (2%) -
Total 44 $6.9B

Top M&A Advisors

Financial Deals
Jefferies LLC
 3
Evercore Group LLC
 1
Goldman Sachs Investment Banking Division
 1
Legal Deals
Goodwin Procter LLP
 13
PwC Law LLP
 2
Ropes & Gray LLP
 2

Deal Values

buy # Total
> $1B 2 $5.4B
$100M to $1B 7 $2.1B
TOTAL $7.5B
Largest BJ's Wholesale Club, Inc.
$2.8B (2011-06-29)
sell # Total
> $1B 2 $3.3B
$100M to $1B 9 $3.5B
< $100M 1 $60M
TOTAL $6.9B
Largest Montpelier Re Holdings Ltd.
$1.8B (2015-03-31)

M&A Connections

Deals
Acquired from
Investor(s)
29%
19 (29%)
Strategic(s)
11%
7 (11%)
Exited to
Investor(s)
32%
14 (32%)
Strategic(s)
36%
16 (36%)

Investor Summary

Size

Mega

PE Assets

6.0B USD

Established

1998

Specialist/Generalist

Generalist

Leadership

Michael Choe

Managing Director & CEO

Kim Davis

Managing Director & Co-Chairman

Michael Eisenson

Managing Director & Co-Chairman

Andrew Janower

Managing Director

Brandon White

Managing Director

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