M&A Deal Summary

Linden Capital Partners, Five Points Capital and Beringea Acquire Young

On January 31, 2013, private equity firms Linden Capital Partners, Five Points Capital and Beringea acquired medical products company Young for 314M USD

Acquisition Highlights
  • This is Linden Capital Partners’ 5th, Five Points Capital’s 2nd and Beringea’s 5th transaction in the Medical Products sector.
  • This is Linden Capital Partners’ , Five Points Capital’s and Beringea’s largest (disclosed) transaction.
  • This is Linden Capital Partners’ 16th, Five Points Capital’s 42nd and Beringea’s 17th transaction in the United States.
  • This is Linden Capital Partners’ 6th, Five Points Capital’s 1st and Beringea’s 2nd transaction in Illinois.
Investment Fate
  • Young was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2013-01-31
Target Young
Sector Medical Products
Buyer(s) Linden Capital Partners
Five Points Capital
Beringea
Deal Type Going Private
Deal Value 314M USD
Advisor(s) Robert W. Baird & Co., Inc.
William Blair (Financial)
McDermott Will & Emery (Legal)

Target

Young

Algonquin, Illinois, United States
website
Young develops, manufactures and markets supplies and equipment used by dentists, dental hygienists, dental assistants, and consumers. The Company's consumables product offering includes disposable and metal prophy angles, prophy cups and brushes, dental micro-applicators, moisture control products, infection control products, dental handpieces (drills) and related components, endodontic systems, orthodontic toothbrushes, flavored examination gloves, children's toothbrushes, and children's toothpastes. Young was founded in 1995 and is based in Algonquin, Illinois.

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Buyer(S) 3

Buyer

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 16 of 48
Sector (Medical Products) 5 of 12
Type (Going Private) 2 of 2
State (Illinois) 6 of 9
Country (United States) 16 of 47
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-27 Behavioral Centers of America

Nashville, Tennessee, United States

Behavioral Centers of America LLC is a owner and operator of inpatient and outpatient psychiatric care facilities in Michigan, Ohio, and Texas.

Sell $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Virtus Pharmaceuticals

Langhorne, Pennsylvania, United States

Virtus Pharmaceuticals is a specialty niche pharmaceutical company focused on the development and marketing of prescription products to pharmaceutical wholesalers, distributors and retailers. Virtus Pharmaceuticals was founded in 2011 and is based in Langhorne, Pennsylvania.

Buy -
Buyer

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 42 of 89
Sector (Medical Products) 2 of 4
Type (Going Private) 2 of 2
State (Illinois) 1 of 2
Country (United States) 42 of 89
Year (2013) 1 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Precision Aviation Group

Atlanta, Georgia, United States

Precision Aviation Group is a provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 260,000-square-feet of sales and service facilities in the United States, Canada, Australia, Brazil, and Singapore, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain, and its Inventory Supported Maintenance, Repair and Overhaul services. Precision Aviation Group is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-13 The Cline

Taylors, South Carolina, United States

The Cline Company remanufactures and distributes drive shafts, clutches, brakes, seal strips and numerous other products and components utilized in the manufacturing process in the pulp and paper and steel industries. In addition to its manufacturing and distribution capabilities Cline provides multi-year service contracts with various mills allowing the Company to become more integral to the operations of its customers. Cline markets nationwide from its centralized operations in Greenville, SC.

Sell -
Buyer

Beringea

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 41 of 102
Sector (Medical Products) 5 of 7
Type (Going Private) 1 of 1
State (Illinois) 2 of 7
Country (United States) 17 of 39
Year (2013) 2 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-17 Abe’s Market

Buffalo Grove, Illinois, United States

Abe’s Market Co. is a online destination for discovering and experiencing the best organic and natural products available.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-28 Huron

Lexington, Michigan, United States

Huron is a manufacturer of value-added precision components, primarily bar-turned products and tubular assemblies that are used in automotive engine, transmission, fuel and climate control systems. Huron was established in 1943 and is based in Lexington, Michigan.

Sell -