MidOcean Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, MidOcean Partners has acquired 5 companies. It has also invested in 2 others.

MidOcean Partners’ most common sectors for investment are consumer products (28%) and business services (7%). The Firm’s most common investment types include secondary buyout (39%) and buyout (lbo, mbo, mbi) (30%). In total, MidOcean Partners has invested in 18 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2000 when it acquired United Biscuits for $3.3B.

In the last 3 years, MidOcean Partners has exited 4 companies. The Firm’s most common exit type is trade sale (54%). MidOcean Partners’ largest (disclosed) exit occurred in 2006 when it sold United Biscuits for $3.5B.

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M&A Summary

  • M&A Total Activity72
    • M&A Buy Activity44
    • M&A Sell Activity28
  • Total Sectors Invested 22
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 41
  • M&A Advisors 14

MidOcean Partners

245 Park Avenue, 38th Floor,
New York, New York 10167
United States
(212) 497-1400
www.midoceanpartners.com

MidOcean Partners is a private equity firm focused on acquiring control interests in middle-market companies located in the US and Europe. Target industries include consumer and leisure, media and communications, business services, financial services, industrials, transportation, and healthcare. MidOcean looks for opportunities requiring an investment of at least $25 million. MidOcean Partners was formed in 2003 and is based in New York City, with an additional office in London.


Investment Criteria

Sectors of Interest: Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Financial Services, Food, Healthcare Services, Leisure, Machinery, Manufacturing, Marketing, Media, Publishing, Restaurants, Safety/Security, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Western Europe, Eastern Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 25 -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.4/yr) # 37 - 1 5 - 1 44
vol $5.0B $5.0B
Sell (1.4/yr) # 21 3 2 2 - - 28
vol $12.7B $1.6B $1.0B $629M $15.9B
  72

Most Recent M&A

Company Date Value Type
Music Reports, Inc. 2020-08-27 - Secondary Buyout
Woodland Hills, California · www.musicreports.com
Hanley Wood LLC 2018-12-12 - Secondary Buyout
Washington, District of Columbia · www.hanleywood.com
Questex Media Group LLC 2018-09-12 - Secondary Buyout
Newton, Massachusetts · www.questex.com
Florida Food Products, Inc. 2018-09-11 - Secondary Buyout
Eustis, Florida · www.floridafood.com
Grandpoint Capital, Inc. 2018-07-02 629M USD Add-on Acquisition
Los Angeles,, California · www.grandpointbank.com
LegalShield 2018-02-27 - Secondary Buyout
Ada, Oklahoma · www.legalshield.com
The Planet Group LLC 2018-01-22 - Growth Capital
Western Springs, Illinois · www.theplanetgroup.com
BH Cosmetics 2018-01-04 - Buyout (LBO, MBO, MBI)
Burbank, California · www.bhcosmetics.com
Stack-On Products Co. 2017-08-02 - Stake Purchase
Wauconda, Illinois · www.stack-on.com
Water Pik, Inc. 2017-07-17 1.0B USD Add-on Acquisition
Fort Collins, Colorado · www.waterpik.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Florida Food Products, Inc. 2018-09-11 Amelia Bay, LLC 2020-08-10 1
Eustis, Florida · www.floridafood.com Johns Creek, Georgia · www.ameliabay.com
Hunter Fan Co. 2007-04-16 Entrepreneurial Pursuits, Inc. 2019-10-11 1
Memphis, Tennessee · www.hunterfan.com Troy, Michigan · www.janfan.com
Jones & Frank Corp. 2012-01-04 Petroleum Solutions, Inc. (PSI) 2019-09-27 4
Morrisville, North Carolina · www.jones-frank.com Edinburg, Texas
Jones & Frank Corp. 2012-01-04 M.L. Leonard, Inc. 2019-08-05 3
Morrisville, North Carolina · www.jones-frank.com Blue Ridge, Virginia · www.mlleonardinc.com
Hanley Wood LLC 2018-12-12 Meyers Research, LLC 2018-12-12 1
Washington, District of Columbia · www.hanleywood.com Costa Mesa, California · www.meyersresearchllc.com
KidKraft, Inc. 2015-07-15 Solowave Design, Inc. 2016-10-05 1
Dallas, Texas · www.kidkraft.com Mount Forest, Ontario · www.solowavedesign.com
Jones & Frank Corp. 2012-01-04 Ans Distributing, Inc. 2016-07-01 2
Morrisville, North Carolina · www.jones-frank.com Tucson, Arizona · www.ansdistributing.com
Jones & Frank Corp. 2012-01-04 Reliable Oil Equipment, Inc. 2013-01-02 1
Morrisville, North Carolina · www.jones-frank.com Dayton, Ohio · www.reliableoil.com

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 6 (43%) - 12 (27%) -
Business Services 1 (7%) - 3 (7%) 650M (13%)
Food 1 (7%) - 2 (5%) 3.3B (65%)
Education - - 2 (5%) 145M (3%)
Marketing - - 2 (5%) 119M (2%)
Communications - - 2 (5%) -
Consumer Services - - 2 (5%) -
Information Technology - - 2 (5%) -
Leisure - - 2 (5%) -
Media 2 (14%) - 2 (5%) -
Staffing 1 (7%) - 2 (5%) -
Restaurants - - 1 (2%) 450M (9%)
Apparel/Textiles - - 1 (2%) 288M (6%)
Technology Hardware - - 1 (2%) 115M (2%)
Aerospace - - 1 (2%) -
Chemicals - - 1 (2%) -
Distribution 1 (7%) - 1 (2%) -
Financial Services - - 1 (2%) -
Healthcare Services 1 (7%) - 1 (2%) -
Information Services - - 1 (2%) -
Publishing - - 1 (2%) -
Safety/Security 1 (7%) - 1 (2%) -
Total 14 - 44 $5.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) - 39 (89%) 1.6B (33%)
  California 2 (14%) - 6 (14%) -
  Illinois 2 (14%) - 4 (9%) -
  New York 1 (7%) - 4 (9%) 450M (9%)
  New Jersey 1 (7%) - 3 (7%) -
  Florida 2 (14%) - 2 (5%) -
  Texas 2 (14%) - 2 (5%) -
  North Carolina 1 (7%) - 2 (5%) 145M (3%)
  Massachusetts 1 (7%) - 2 (5%) 115M (2%)
  District of Columbia 1 (7%) - 2 (5%) -
  Ohio - - 2 (5%) 288M (6%)
  Minnesota - - 2 (5%) -
  Virginia - - 2 (5%) -
  Tennessee 1 (7%) - 1 (2%) -
  Oklahoma - - 1 (2%) 650M (13%)
  South Carolina - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
  Kansas - - 1 (2%) -
  Colorado - - 1 (2%) -
United Kingdom - - 3 (7%) 3.4B (67%)
Canada - - 1 (2%) -
  Ontario - - 1 (2%) -
Puerto Rico - - 1 (2%) -
Domestic 14 (100%) - 39 (89%) 1.6B (33%)
Cross-border - - 5 (11%) 3.4B (67%)
Total 14 - 44 $5.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 6 (43%) - 17 (39%) 260M (5%)
Buyout (LBO, MBO, MBI) 3 (21%) - 13 (30%) 569M (11%)
Stake Purchase 3 (21%) - 5 (11%) -
Growth Capital 2 (14%) - 3 (7%) -
Going Private - - 2 (5%) 3.9B (78%)
Recapitalization - - 1 (2%) 288M (6%)
Consolidation - - 1 (2%) -
Divestiture - - 1 (2%) -
PIPE - - 1 (2%) -
Total 14 - 44 $5.0B

Exits by Deal Type

Type Total # Value
Trade Sale 9 (32%) 1.4B (9%)
Trade Sale - Public Company 8 (29%) 10.1B (64%)
Secondary Sale 8 (29%) 4.4B (27%)
Bankruptcy 1 (4%) -
IPO 1 (4%) -
Sold to Management 1 (4%) -
Total 28 $15.9B

Top M&A Advisors

Financial Deals
Houlihan Lokey
 2
Harris Williams & Co.
 2
Three Ocean Partners LLC
 2
Legal Deals
Kirkland & Ellis LLP
 17
Gibson, Dunn & Crutcher LLP
 3
Morrison Cohen LLP
 3

Deal Values

buy # Total
> $1B 1 $3.3B
$100M to $1B 6 $1.8B
TOTAL $5.0B
Largest United Biscuits (UK) Ltd.
$3.3B (2000-04-01)
sell # Total
> $1B 5 $10.9B
$100M to $1B 10 $5.0B
TOTAL $15.9B
Largest United Biscuits (UK) Ltd.
$3.5B (2006-10-25)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
23 100%
Exited to
PE Firm(s)
41%
11 41%
Strategic(s)
59%
16 59%

Investor Summary

Size

Mega

PE Assets

7.6B USD

Established

2003

Specialist/Generalist

Generalist

Leadership

Ted Virtue

CEO

Steve Miller

Chairman

Barrett Gilmer

Managing Director

Daniel Penn

Managing Director

Elias Dokas

Managing Director

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