M&A Deal Summary

Leonard Green & Partners Acquires Charter Next Generation

On April 17, 2017, private equity firm Leonard Green & Partners acquired plastics company Charter Next Generation from Pamplona Capital Management - Private Equity for 1.5B USD

Acquisition Highlights
  • This is Leonard Green & Partners’ 1st transaction in the Plastics sector.
  • This is Leonard Green & Partners’ 13th largest (disclosed) transaction.
  • This is Leonard Green & Partners’ 61st transaction in the United States.
  • This is Leonard Green & Partners’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2017-04-17
Target Charter Next Generation
Sector Plastics
Buyer(s) Leonard Green & Partners
Sellers(s) Pamplona Capital Management - Private Equity
Deal Type Secondary Buyout
Deal Value 1.5B USD

Target

Charter Next Generation

Milton, Wisconsin, United States
Charter Next Generation is a manufacturer of highly engineered specialty films focused on high-cost-of-failure applications within food, medical and protective end-markets. The Company offers an extensive portfolio of films with complex resin formulations and multi-layer structures, designed to maintain food freshness, taste and color, extend shelf-life of products, and enhance product use and durability. Charter Next Generation is based in Milton, Wisconsin.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 64 of 99
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 19 of 46
State (Wisconsin) 1 of 1
Country (United States) 61 of 91
Year (2017) 1 of 8
Size (of disclosed) 13 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 CCC Intelligent Solutions

Chicago, Illinois, United States

CCC Intelligent Solutions is a Software as a Service provider to the automotive, insurance, and collision repair industries. CCC brings together what matters most connections into the industry’s leading automotive claims network, superior productivity through the innovative cloud, mobile, hyper-scale technologies, and apps, and insights to make the best decisions. CCC Intelligent Solutions was founded in 1980 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 PDC Brands

Stamford, Connecticut, United States

PDC Brands is a beauty and wellness company. PDC Brands’ portfolio of category-leading brands includes Cantu, Dr Teal’s, Eylure, and Body Fantasies. PDC Brands’ portfolio of products can be found at major mass, chain drug, grocery and specialty retailers throughout the US, UK and in over 60 markets globally. PDC Brands is based in Stamford, Connecticut.

Buy -

Seller(S) 1

SELLER

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.

DEAL STATS #
Overall 12 of 20
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 3 of 8
State (Wisconsin) 1 of 1
Country (United States) 2 of 8
Year (2017) 2 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 OGF

Paris, France

OGF is a provider of funeral services in France and the only fully integrated operator supplying the full spectrum of funeral products including burial and cremation services, monuments and cemetery works, pre-need insurance contracts and coffin manufacturing. OGF is present across France through an unmatched nationwide footprint of 1,100 branches, 550 funeral homes, 72 crematoria and a portfolio of highly recognised brands, which include PFG, Roblot, Henri de Borniol and numerous local brands, most of them under the Dignité Funéraire umbrella. OGF is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 Beacon Rail Leasing

Rotterdam, Netherlands

Beacon Rail Leasing Ltd. is a locomotive and rolling stock leasing company. Headquartered in Luxembourg with additional offices in London and Boston, Beacon Rail’s current portfolio includes 225 locomotives, over 1000 freight wagons, 55 passenger train units, 67 double decker coaches and 13 sets of five-car intercity carriages on lease in the UK, Germany, Denmark, France, Belgium, Norway, Sweden, Austria, and the Netherlands.

Sell -
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