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M&A Deal Summary

GTCR and The InterTech Group Acquire Polypore International

On January 1, 1994, private equity firm GTCR and The InterTech Group acquired machinery company Polypore International

Acquisition Highlights
  • This is GTCR’s 1st and The InterTech Group’s 1st transaction in the Machinery sector.
  • This is GTCR’s 3rd and The InterTech Group’s 1st transaction in the United States.
  • This is GTCR’s 1st and The InterTech Group’s 1st transaction in North Carolina.
Investment Fate
  • Polypore International was sold to a consortium of buyers in 2004 for 1.2B USD.
  • Polypore International went public in 2007.
  • Polypore International was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 1994-01-01
Target Polypore International
Sector Machinery
Buyer(s) GTCR
The InterTech Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Polypore International

Charlotte, North Carolina, United States
Polypore International, Inc. is a global manufacturer of highly engineered filtration products used in the power storage, healthcare, electronics and specialty technology industries.

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Buyer(S) 2

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 157
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 29
State: North Carolina M&A 1 of 6
Country: United States M&A 3 of 148
Year: 1994 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-08-02 Metamor Worldwide

Houston, Texas, United States

Metamor Worldwide (formerly CoreStaff, Inc.) is a IT services business. Metamor’s services included ERP implementation, network services, offshore development and maintenance, outsourced software engineering, web consulting, and IT staffing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-08-02 American Mediserve

Ardmore, Oklahoma, United States

American Medserve provides pharmacy services to long-term care institutions, including skilled nursing facilities, assisted living facilities, and other long-term health care settings.

Buy -
Buyer

The InterTech Group

North Charleston, South Carolina, United States
Category Company
Founded 1982
Sector Diversified
DESCRIPTION

The InterTech Group, Inc. is a family-owned holding company.

DEAL STATS #
Overall 1 of 2
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 2
Year: 1994 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-13 Polypore International

Charlotte, North Carolina, United States

Polypore International, Inc. is a global manufacturer of highly engineered filtration products used in the power storage, healthcare, electronics and specialty technology industries.

Sell $1.2B
Mergr

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