Investment Summary

Exits Nexcel Synthetics

On December 22, 2009, invested in manufacturer Nexcel Synthetics from Northstar Capital

Investment Highlights
  • This is transaction in the Manufacturing sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.

Investment Summary
Date 2009-12-22
Target Nexcel Synthetics
Sector Manufacturing
Sellers(s) Northstar Capital
Deal Type Trade Sale

Target

Nexcel Synthetics

Chatsworth, Georgia, United States
website
Nexcel Synthetics, LLC manufactures fiber, artificial turf, and yarn in the United States. It offers artificial athletic field surfaces, landscape products, and artificial turf backing systems. The company also provides polypropylene and polyethylene fibrillated yarn for artificial turfs; carpet yarns for woven rugs/carpets; and indoor-outdoor grass yarns and yarns for geotextiles, specialty weaving or pool covering fabrics. In addition, it develops and refines concrete reinforcement fibers for the construction industry

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Seller(S) 1

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 12 of 75
Sector (Manufacturing) 2 of 8
Type (Trade Sale) 3 of 4
State (Georgia) 3 of 5
Country (United States) 11 of 72
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-19 Portal Holdings

Walnut Creek, California, United States

Portal Holdings specializes in health care benefits administration for the not-for-profit sector. Portal Holdings is based in Walnut Creek, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Twinco Romax

Medina, Minnesota, United States

Twinco Romax LLC is a vertically integrated manufacturer and distributor of maintenance fluids and other consumable products for automotive, recreational vehicle, and marine applications.

Sell -
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