M&A Deal Summary

ICV Capital Partners and NB Private Equity Partners Acquire Universal Turbine Parts

On July 22, 2016, private equity firm ICV Capital Partners and asset manager NB Private Equity Partners acquired automotive company Universal Turbine Parts from Goldner Hawn Johnson & Morrison

Acquisition Highlights
  • This is ICV Capital Partners’ 1st and NB Private Equity Partners’ 1st transaction in the Automotive sector.
  • This is ICV Capital Partners’ 19th and NB Private Equity Partners’ 5th transaction in the United States.
  • This is ICV Capital Partners’ 1st and NB Private Equity Partners’ 1st transaction in Alabama.

M&A Deal Summary
Date 2016-07-22
Target Universal Turbine Parts
Sector Automotive
Buyer(s) ICV Capital Partners
NB Private Equity Partners
Sellers(s) Goldner Hawn Johnson & Morrison
Deal Type Secondary Buyout

Target

Universal Turbine Parts

Prattville, Alabama, United States
Universal Turbine Parts LLC is a provider of turboprop aircraft engine products and related services to maintenance repair and overhaul facilities, fleet operators and engine parts dealers across the globe. Universal Turbine Parts was founded in 1993 and based in Prattville, Alabama.

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Buyer(S) 2

Buyer

ICV Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.

DEAL STATS #
Overall 20 of 33
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 9 of 12
State (Alabama) 1 of 1
Country (United States) 19 of 31
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 Mallet

Carnegie, Pennsylvania, United States

Mallet & Co., Inc. is a manufacturer of proprietary oils, ingredients and equipment to the commercial baking industry. Mallet manufactures technically advanced solutions that are critical to the successful operation of high volume commercial bakery lines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 SG360°

Wheeling, Illinois, United States

SG360° offers multichannel marketing solutions and services that range from research and strategy to concept and execution, including direct mail, data analytics, and fulfillment. SG360° was founded in 1956 and is based in Wheeling, Illinois.

Buy -
Buyer

NB Private Equity Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Size Large
Type Sector Agnostic
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.

DEAL STATS #
Overall 7 of 26
Sector (Automotive) 1 of 2
Type (Secondary Buyout) 1 of 13
State (Alabama) 1 of 1
Country (United States) 5 of 15
Year (2016) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Uniasselvi

Indaial, Brazil

Uniasselvi is an distance-learning education company has more than 112,000 students enrolled in its undergraduate and graduate programs. Uniasselvi was founded in 1997 and is based in Indaial, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Fantini Group

Ortona, Italy

Fantini Group markets and distributes wines from southern and central Italy. The company acquires grapes from local farmers, oversees production and markets wines under specialty labels to customers internationally.

Buy -

Seller(S) 1

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 25 of 33
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 8 of 14
State (Alabama) 1 of 1
Country (United States) 25 of 33
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 North America Central School Bus

Joliet, Illinois, United States

North America Central School Bus is a national provider of student transportation services. The Company provides home-to-school bus services during the academic year for public schools, school charter services, and non-school charter services. North America Central School Bus was founded in 2004 and is based in Joliet, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-24 Applied Adhesives

Minnetonka, Minnesota, United States

Applied Adhesives is a distributor of adhesives, dispensing equipment, assembly automation systems, and production tools. Applied Adhesives was founded in 1971 and is based in Minnetonka, Minnesota.

Buy -
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