Investment Summary

Exits Formica

On January 1, 1995, invested in building materials company Formica from Saratoga Partners for 625M USD

Investment Highlights
  • This is transaction in the Building Materials sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Ohio.
Investment Fate
  • Formica was sold to a consortium of financial buyers in 1998.
  • Formica was sold to a strategic buyer in 2000.
  • Formica was sold to a strategic buyer in 2007.
  • Formica was divested to a consortium of strategic buyers in 2018 for 840M USD.

Investment Summary
Date 1995-01-01
Target Formica
Sector Building Materials
Sellers(s) Saratoga Partners
Deal Type Trade Sale
Deal Value 625M USD

Target

Formica

Cincinnati, Ohio, United States
website
Formica Corp. is a producer of high-pressure decorative laminates. Formica was founded in 1913 and is based in Cincinnati, Ohio.

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Seller(S) 1

SELLER

Saratoga Partners

New York, New York, United States

Investor

website

Category Merchant Bank
Founded 1998
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saratoga Partners is an independent private equity firm focused on investments in partnership with management in the manufacturing, business services and media and telecommunications industries. Saratoga pursues businesses valued from $50 to $400 million and generally acts as the lead investor. Target companies typically have leading market positions and operate in defensible niches with provide proprietary products. Prospective transaction situations include corporate buyouts, consolidations, and divestitures. Saratoga Partners dates back to 1984 and became independent in 1998. The Firm is based in New York City.

DEAL STATS #
Overall 1 of 15
Sector (Building Materials) 1 of 1
Type (Trade Sale) 1 of 7
State (Ohio) 1 of 2
Country (United States) 1 of 15
Year (1995) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-06-26 CapMAC Holdings

United States

CapMAC Holdings, Inc. is a provider of software that unifies and coordinates robust voice and data communications and information sharing. The technology allows for seamless and concurrent communication, collaboration, information and application sharing among multiple business parties from computers to telephones to wireless devices. CapMAC Holdings is based in the United States.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-01 J&W Scientific

Folsom, California, United States

J&W Scientific Incorporated develops, manufactures, and markets capillary columns, a key consumable used in the separation and identification of chemical compounds in certain applications of gas chromatography. J&W is the world's largest supplier of fused silica capillary columns, with a market share more than double that of its nearest rival.

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Mergr

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