M&A Deal Summary |
|
|---|---|
| Date | 2012-11-01 |
| Target | M Cubed |
| Sector | Machinery |
| Buyer(s) | II-VI |
| Sellers(s) |
First Analysis
Emigrant Capital The Walnut Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 71M USD |
| Advisor(s) | Lazard Middle Market (Financial) Finn Dixon & Herling LLP (Legal) |
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| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Test/Measurement Equipment |
| Employees | 23,658 |
| Revenue | 3.3B USD (2022) |
Coherent engages in engineered materials and opto-electronic components is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Coherent was founded in 1971 and is based in Saxonburg, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 13 |
| Sector (Machinery) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 11 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 3 of 8 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-05 |
Aegis Lightwave
Woburn, Massachusetts, United States Aegis Lightwave is a privately held company that builds cost-effective solutions for intelligent optical networks. Aegis is the first company to deliver low-cost wavelength-monitoring components and modules that are easily manufactured using proven methods from the semiconductor industry. |
Buy | $52M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-12 |
Oclaro Switzerland .
Zurich, Switzerland Oclaro Switzerland GmbH is a manufacture of gallium arsenide laser diodes. |
Buy | $115M |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 800M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 71 |
| Sector (Machinery) | 1 of 1 |
| Type (Add-on Acquisition) | 38 of 51 |
| State (Connecticut) | 1 of 2 |
| Country (United States) | 51 of 70 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 15 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-11 |
Chrome River Technologies
Los Angeles, California, United States Chrome River Technologies, Inc. is a provider of online expense reporting and automated invoice processing software. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. Chrome River Technologies was established in 2007 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-16 |
ExpertPlan
East Windsor, New Jersey, United States ExpertPlan provides private-label retirement solutions to the financial services industry. The company's Web-based 401(k) platform enables ExpertPlan's clients in the financial services industry to service small companies in a more cost-effective and user-friendly manner and provide a broader array of product choices. |
Sell | - |
| Category | Corporate Investor |
|---|---|
| Founded | 1998 |
| PE ASSETS | 200M USD |
| Size | Small |
| Type | Sector Agnostic |
Emigrant Capital Corp is the investment arm of family-owned Emigrant Saving Bank. Emigrant provides both debt and equity capital to lower middle-market companies headquartered in the US. Through its affiliation with Emigrant Saving Bank, Emigrant Capital provides financial solutions including traditional equity investments, hybrid debt/equity securities, mezzanine, and senior debt financing. Emigrant Capital focuses on profitable companies with strong management teams, large addressable markets, diversified revenues and customers, revenues between $10 - $100 million, and EBITDA of $2 - $15 million. Emigrant looks to invest $5 to $30 million per transaction. Specific areas of interest include healthcare, technology, and manufacturing. The Firm will consider a variety of transaction types, including buyouts, recapitalizations, growth equity, turnarounds, and special situations. Emigrant Capital Corp was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Machinery) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 3 of 5 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-13 |
Cascade Drilling
Bothell, Washington, United States Cascade Drilling is a provider of environmental and geotechnical services. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wire-line coring, and direct push drilling. Cascade Drilling was founded in 1991 and is based in Bothell, Washington. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-24 |
Cascade Drilling
Bothell, Washington, United States Cascade Drilling is a provider of environmental and geotechnical services. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wire-line coring, and direct push drilling. Cascade Drilling was founded in 1991 and is based in Bothell, Washington. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Size | Small |
| Type | Sector Agnostic |
The Walnut Group was a private equity firm that made investments across a broad range of industry sectors. Sectors of interest included retail, consumer products, media, communications, consumer services, business services, manufacturing, real estate, entertainment, restaurants, and defense. The Walnut Group sought investments in privately held companies seeking to accelerate growth, corporate divestitures, late stage high-potential ventures which have not yet achieved significant levels of earnings or cash flow, or family-owned companies seeking to recapitalize. The Walnut Group was based in Cincinnati, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 6 |
| Sector (Machinery) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Connecticut) | 1 of 2 |
| Country (United States) | 3 of 6 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-02-22 |
Peco Pallet
Itasca, Illinois, United States Peco Pallet engages in transportation and logistics services in North America. Peco Pallet owns a pool of approximately 20 million wood block pallets that primarily serve food and beverage manufacturers in shipping their goods in a cost-effective manner. Peco Pallet was established in 1997 and is based in Itasca, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-06 |
Stir Crazy
Chicago, Illinois, United States Stir Crazy, Inc. owns and operates 14 full-service, casual Asian restaurants. The restaurants feature Stir Crazy's signature 'Create-Your-Own' Stir Fry along with a full menu of fresh Asian inspired specialties. |
Sell | - |
