Irving Place Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Irving Place Capital has invested in 1 company.

Irving Place Capital’s most common sectors for investment arefinancial services (15%) and consumer products (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (31%) and secondary buyout (25%). In total, Irving Place Capital has invested in 19 US states and 9 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Ironshore for $1.0B.

In the last 3 years, Irving Place Capital has exited 3 companies. The Firm’s most common exit type is trade sale (43%). Irving Place Capital’s largest (disclosed) exit occurred in 2014 when it sold Victor Technologies International for $947M.

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M&A Summary

  • M&A Total Activity87
    • M&A Buy Activity49
    • M&A Sell Activity38
  • Total Sectors Invested 23
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 33
  • M&A Advisors 7

Irving Place Capital

745 5th Avenue,
New York, New York 10151
United States
(212) 551-4500
www.irvingplacecapital.com
info@irvingplacecapital.com

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Business Services, Consumer Products, Defense, Digital Media, Distribution, E-Commerce, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Insurance, Machinery, Manufacturing, Medical Products, Oil/Gas Exploration, Packaging, Plastics, Retail, Semiconductors, Test/Measurement Equipment, Transportation

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

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 7 -
Investment Size 50 250
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 46 2 - - 1 - 49
vol $3.8B $3.8B
Sell (1.2/yr) # 32 3 1 - 2 - 38
vol $4.2B $4.2B
  87

Most Recent M&A

Company Date Value Type
Alpha Packaging, Inc. 2021-09-16 - Add-on Acquisition
St. Louis, Missouri · www.alphap.com
Mold-Rite Plastics, Inc. 2021-09-14 - Secondary Buyout
Plattsburgh, New York · www.mrpcap.com
eGenesis 2021-03-02 - Venture
Cambridge, Massachusetts · www.egenesisbio.com
Ohio Transmission Corp. 2019-04-09 - Secondary Buyout
Columbus, Ohio · www.otpnet.com
Agiliti Health, Inc. 2018-12-20 - Secondary Buyout
Minneapolis, Minnesota · www.uhs.com
Pet Supplies Plus LLC 2018-12-13 - Secondary Buyout
Livonia, Michigan · www.petsuppliesplus.com
Coker Group LLC 2018-12-04 - Buyout (LBO, MBO, MBI)
Alpharetta, Georgia · www.cokergroup.com
Caribbean Financial Group 2018-12-03 - Secondary Buyout
Guaynabo, Puerto Rico · www.cfgcompany.com
Coker Tire Co. Inc. 2018-11-15 - Buyout (LBO, MBO, MBI)
Chattanooga, Tennessee · www.cokertire.com
Chromalox, Inc. 2017-05-26 415M USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.chromalox.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services - - 7 (14%) 610M (16%)
Consumer Products - - 6 (12%) 210M (5%)
Retail - - 6 (12%) 154M (4%)
Apparel/Textiles 1 (17%) - 4 (8%) -
Automotive 3 (50%) - 4 (8%) -
Packaging - - 3 (6%) 485M (13%)
Medical Products - - 2 (4%) 712M (19%)
Energy Services and Equipment - - 2 (4%) -
Insurance - - 1 (2%) 1.0B (26%)
Machinery - - 1 (2%) 422M (11%)
Oil/Gas Exploration - - 1 (2%) 252M (7%)
Business Services - - 1 (2%) -
Distribution - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Information Technology - - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Life Science 1 (17%) - 1 (2%) -
Plastics - - 1 (2%) -
Publishing 1 (17%) - 1 (2%) -
Safety/Security - - 1 (2%) -
Semiconductors - - 1 (2%) -
Software - - 1 (2%) -
Total 6 - 49 $3.8B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (100%) - 40 (82%) 1.7B (46%)
  New York 1 (17%) - 8 (16%) 154M (4%)
  California - - 5 (10%) 210M (5%)
  Ohio 1 (17%) - 3 (6%) -
  Massachusetts 1 (17%) - 3 (6%) -
  Tennessee 1 (17%) - 2 (4%) -
  Missouri - - 2 (4%) 422M (11%)
  Texas - - 2 (4%) 252M (7%)
  Pennsylvania - - 2 (4%) -
  New Jersey - - 2 (4%) -
  Florida - - 2 (4%) -
  Nevada 1 (17%) - 1 (2%) -
  Georgia 1 (17%) - 1 (2%) -
  Minnesota - - 1 (2%) 712M (19%)
  Michigan - - 1 (2%) -
  Maryland - - 1 (2%) -
  Indiana - - 1 (2%) -
  Illinois - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
Puerto Rico - - 2 (4%) 610M (16%)
Bermuda - - 1 (2%) 1.0B (26%)
United Kingdom - - 1 (2%) 485M (13%)
Canada - - 1 (2%) -
  Quebec - - 1 (2%) -
Germany - - 1 (2%) -
Japan - - 1 (2%) -
Netherlands - - 1 (2%) -
Sweden - - 1 (2%) -
Domestic 6 (100%) - 40 (82%) 1.7B (46%)
Cross-border - - 9 (18%) 2.1B (54%)
Total 6 - 49 $3.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (50%) - 15 (31%) 1.2B (31%)
Secondary Buyout 2 (33%) - 12 (24%) 964M (25%)
Growth Capital - - 8 (16%) -
Divestiture - - 4 (8%) 154M (4%)
Recapitalization - - 3 (6%) 485M (13%)
Going Private - - 2 (4%) 422M (11%)
Stake Purchase - - 2 (4%) -
Venture 1 (17%) - 2 (4%) -
Special Situations/Distressed - - 1 (2%) 610M (16%)
Total 6 - 49 $3.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 13 (34%) 1.0B (25%)
Trade Sale - Public Company 9 (24%) 3.0B (72%)
IPO 7 (18%) -
Trade Sale 6 (16%) 140M (3%)
Bankruptcy 1 (3%) -
Sold to Management 1 (3%) -
Stake Sale 1 (3%) -
Total 38 $4.2B

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
 1
HSBC Global Banking and Markets
 1
Barclays Investment Bank
 1
Legal Deals
Kirkland & Ellis LLP
 4
Weil Gotshal & Manges LLP
 3
O'Melveny & Myers LLP
 1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 7 $2.8B
TOTAL $3.8B
Largest Ironshore, Inc.
$1.0B (2007-01-03)
sell # Total
$100M to $1B 8 $4.2B
TOTAL $4.2B
Largest Victor Technologies International, Inc.
$947M (2014-02-12)

M&A Connections

Deals
Acquired from
Investor(s)
27%
13 (27%)
Strategic(s)
4%
2 (4%)
Exited to
Investor(s)
34%
13 (34%)
Strategic(s)
42%
16 (42%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

4.4B USD

Established

1997

Specialist/Generalist

Generalist

Leadership

John Howard

Co-Managing Partner

Philip Carpenter III

Co-Managing Partner

Swen Kupferschmid-Rojas

CFO & CCO

David Knoch

Head of Strategic Services & Partner

Devraj Roy

Partner

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