M&A Deal Summary

Onex Falcon Acquires Ampac Packaging

On July 7, 2006, mezzanine finance firm Onex Falcon acquired packaging company Ampac Packaging from Cyprium Partners and Pouschine Cook

Acquisition Highlights
  • This is Onex Falcon’s 1st transaction in the Packaging sector.
  • This is Onex Falcon’s 17th transaction in the United States.
  • This is Onex Falcon’s 1st transaction in Ohio.
Investment Fate
  • Ampac Packaging merged with another company in 2015.

M&A Deal Summary

Date 2006-07-07
Target Ampac Packaging
Sector Packaging
Buyer(s) Onex Falcon
Sellers(s) Cyprium Partners
Pouschine Cook
Deal Type Secondary Buyout

Target

Ampac Packaging

Cincinnati, Ohio, United States
Ampac Packaging LLC is a producer of high-volume paper and plastic packaging products, including upscale shopping bags for national retailers, audit security bags for financial institutions, and multi-layer specialty films and pouches sold to consumer product companies.

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Buyer(S) 1

Buyer

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 17 of 56
Sector (Packaging) 1 of 2
Type (Secondary Buyout) 4 of 8
State (Ohio) 1 of 2
Country (United States) 17 of 53
Year (2006) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Bravo Sports

Santa Fe Springs, California, United States

Bravo Sports is a manufacturer of sporting goods and outdoor categories. Bravo provides branded consumer products such as scooters, skateboards, skates, and canopies to a blue-chip customer base across the mass merchants, sporting goods and big-box retailers. Bravo Sports was founded in 1965 and is based in Santa Fe Springs, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-21 Digital Domain

Venice, California, United States

Digital Domain is a visual effect and animation company that creates state-of-the-art digital imagery for feature films, television advertising, interactive visual media, and the video game industries. Digital Domain was established in 1993 and is based in Venice, California.

Buy -

Seller(S) 2

SELLER

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.


DEAL STATS #
Overall 2 of 28
Sector (Packaging) 1 of 3
Type (Secondary Buyout) 1 of 12
State (Ohio) 2 of 4
Country (United States) 2 of 27
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-07 Stock Equipment

Chagrin Falls, Ohio, United States

Stock Equipment is a designer, manufacture and sale of highly engineered bulk material handling systems and electronic controls for coal-fired power plants and other process industries. It has the most extensive bulk material handling product offering in the industry with its portfolio of products including feeding systems, chain conveyors, specialty valves, electronic controls and other accessory products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-21 Plastival

Montreal, Quebec, Canada

Plastival is a designer, manufacturer, and distributor of vinyl and other railing and fencing systems to the North American building products market.

Buy -
SELLER

Pouschine Cook

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 260M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pouschine Cook is a private equity firm that concentrates on providing capital to companies whose industry is in transition or undergoing significant growth. Prospective companies are typically founder-owned and family businesses or corporate divestitures. Pouschine Cook prefers businesses located in the US and will consider non-control and control investment situations. Target companies generally have EBITDA of at least $5 million and revenues of $20 to $250 million. Pouschine Cook was formed in 1999 and is based in New York.


DEAL STATS #
Overall 2 of 7
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Ohio) 1 of 1
Country (United States) 2 of 7
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-07 The RoomPlace

Algonquin, Illinois, United States

The RoomPlace is a furniture retailer, offering a full line of furniture, bedding products, and home accessories for the value-conscious customer. The RoomPlace was established in 1912 and is based in Algonquin, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-06 Crownline Boats

West Frankfort, Illinois, United States

Crownline Boats, Inc. is one of the largest single brands in the marine industry - worldwide. They are the third largest single manufacturer of sport boats.

Buy -