Investment Summary

Oak Hill Capital and The Carlyle Group Invest In Align

On June 16, 2000, private equity firms Oak Hill Capital and The Carlyle Group invested in medical products company Align

Investment Highlights
  • This is Oak Hill Capital’s 1st and The Carlyle Group’s 2nd transaction in the Medical Products sector.
  • This is Oak Hill Capital’s 8th and The Carlyle Group’s 37th transaction in the United States.
  • This is Oak Hill Capital’s 1st and The Carlyle Group’s 1st transaction in Arizona.
Investment Fate
  • Align went public in 2001.

Investment Summary

Date 2000-06-16
Target Align
Sector Medical Products
Investor(s) Oak Hill Capital
The Carlyle Group
Deal Type Venture

Target

Align

Tempe, Arizona, United States
Align is a medical device company with industry innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Align was founded in 1997 and is based in Tempe, Arizona.

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Investor(S) 2

Investor

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 9 of 80
Sector: Medical Products M&A 1 of 2
Type: Venture M&A Deals 2 of 4
State: Arizona M&A 1 of 2
Country: United States M&A 8 of 73
Year: 2000 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-20 GATX Logistics

United States

GATX Logistics, Inc. is a provider of third-party logistics services for its customers, including contract warehousing, value-added assembly, freight management, and contract transportation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 TravelCenters of America

Westlake, Ohio, United States

TravelCenters of America is a full-service travel center network operating TA, Petro Stopping Centers, and TA Express brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. It operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride. TravelCenters of America was founded in 1972 and is based in Westlake, Ohio.

Buy -
Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 53 of 750
Sector: Medical Products M&A 2 of 17
Type: Venture M&A Deals 11 of 58
State: Arizona M&A 1 of 6
Country: United States M&A 37 of 350
Year: 2000 M&A 16 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-12 The Aerostructures

Nashville, Tennessee, United States

The Aerostructures Corp. is a worldwide designer, manufacturer, and assembler of large aerostructure components for commercial and military planes.

Buy $843M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 Vought Aircraft Industries

Dallas, Texas, United States

Vought Aircraft Industries, Inc. is a global manufacturer of aerostructures for commercial, military and business jet aircraft. Products include fuselages, wings, empennages, nacelles and helicopter cabins.

Buy -