M&A Deal Summary

Leonard Green & Partners Acquires ProMach

On January 29, 2018, private equity firm Leonard Green & Partners acquired packaging company ProMach from AEA Investors

Acquisition Highlights
  • This is Leonard Green & Partners’ 1st transaction in the Packaging sector.
  • This is Leonard Green & Partners’ 63rd transaction in the United States.
  • This is Leonard Green & Partners’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2018-01-29
Target ProMach
Sector Packaging
Buyer(s) Leonard Green & Partners
Sellers(s) AEA Investors
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
Goldman Sachs Investment Banking Division (Financial)
Fried Frank Harris Shriver & Jacobson LLP
Thompson Hine LLP (Legal)

Target

ProMach

Covington, Kentucky, United States
website
ProMach is a provider of complete packaging machinery solutions, engineering and integration services, and related aftermarket products and services. ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. ProMach also provides Performance Services including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 40.0B USD
SizeMega
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 68 of 83
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 24 of 37
State (Kentucky) 1 of 1
Country (United States) 63 of 78
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Motorsport Aftermarket Group

Coppell, Texas, United States

Motorsport Aftermarket Group, Inc. designs, manufactures and markets aftermarket parts for on-road and off-road motorcycles. Motorsport Aftermarket Group was formed in 2000 and is based in Coppell, Texas.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 Tourneau

New York City, New York, United States

Tourneau, Inc. is a luxury watch retailer in the United States with 28 retail locations across 10 states.

Sell -

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 17.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 50 of 71
Sector (Packaging) 3 of 5
Type (Secondary Buyout) 19 of 31
State (Kentucky) 1 of 2
Country (United States) 47 of 66
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 Mesa Line Services

Alvin, Texas, United States

Mesa Line Services is a provider of outsourced electric utility infrastructure services in the Southwest United States. Mesa Line Services offer a full suite of electrical infrastructure services while utilizing union labor from the International Brotherhood of Electrical Workers (IBEW). Mesa Line Services was founded in 2014 and is based in Alvin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 Spectrum Plastics Group

Alpharetta, Georgia, United States

Spectrum Plastics Group is a manufacturer of the thermoplastic profile, tube, and sheet plastic extrusions used in industrial, consumer, and other applications. Spectrum Plastics Group has manufacturing facilities in the U.S. and Mexico serving a variety of end-markets, including aerospace, retail, medical, traffic control, lighting, and fence. Spectrum Plastics Group was formed in 2017 and is based in Alpharetta, Georgia.

Buy -