M&A Deal Summary |
|
|---|---|
| Date | 2013-11-18 |
| Target | DelStar Technologies |
| Sector | Chemicals |
| Buyer(s) | Schweitzer-Mauduit International |
| Sellers(s) |
American Capital
RFE Investment Partners Weston Presidio Ironwood Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 232M USD |
| Advisor(s) | Moelis & Co. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1995 |
| Sector | Forest Products |
| Employees | 3,600 |
| Revenue | 1.1B USD (2020) |
Schweitzer-Mauduit International is a diversified producer of premium specialty papers and the a supplier of fine papers to the tobacco industry. It also manufactures specialty papers for use in alkaline batteries, vacuum cleaner bags, overlay products, business forms and printing and packaging applications. Schweitzer-Mauduit and its subsidiaries conduct business in over 90 countries and employ 3,600 people worldwide, with operations in the United States, France, Brazil, Indonesia and Canada. Schweitzer-Mauduit International was founded in 1995 and is based in Alpharetta, Georgia
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector (Chemicals) | 1 of 2 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 1 of 5 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-10-24 |
P.T. PDM Indonesia.
Medan, Indonesia P.T. PDM Indonesia. (Formerly P.T. Kimsari Paper Indonesia ("Kimsari"), is a paper manufacturer located in Medan, Sumatra, Indonesia.. |
Buy | $9M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-22 |
Argotec
Greenfield, Massachusetts, United States Argotec LLC is a manufacturer of thermoplastic polyurethane films used in a wide range of industries and market segments, including automotive paint protection, glass lamination, medical, graphics, textiles, and other industrial applications. |
Buy | $280M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.
| DEAL STATS | # |
|---|---|
| Overall | 150 of 194 |
| Sector (Chemicals) | 4 of 4 |
| Type (Add-on Acquisition) | 72 of 87 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 146 of 186 |
| Year (2013) | 9 of 9 |
| Size (of disclosed) | 28 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-18 |
Tekni-Plex
Wayne, Pennsylvania, United States Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household and industrial, and food and beverage industries. Tekni-Plex was founded in 1967 and is based in Wayne, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-13 |
Renaissance
Wisconsin Rapids, Wisconsin, United States Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin. |
Sell | $1.1B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| Size | Large |
| Type | Sector Agnostic |
RFE Investment Partners is a private equity firm focused on investing in lower middle-market service, manufacturing and healthcare service businesses. Prospective companies are generally profitable with annual cash-flow of at least $5 million. Target businesses also have proven management, defensible market positions, and 'a clearly identified and growing market'. RFE looks to commit $10 to $35 million of equity capital per transaction to support acquisitions, management led buyouts, and recapitalizations. RFE is licensed as a SBIC and was formed in 1979. RFE Investment Partners is based in New Canaan, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 14 |
| Sector (Chemicals) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 6 of 14 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-01 |
Hastings Manufacturing
Hastings, Michigan, United States Hastings Manufacturing is a global manufacturer of piston rings for internal combustion engines used in a broad range of automotive and industrial applications. Hastings Manufacturing was founded in 1915 and is based in Hastings, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-21 |
PCX Aerostructures
Newington, Connecticut, United States PCX Aerostructures is a manufacturer of flight-critical and other essential components for rotorcraft and fixed-wing aerospace platforms serving military and commercial markets. PCX Aerostructures is based in Newington, Connecticut. |
Buy | $62M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 3.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 52 |
| Sector (Chemicals) | 2 of 2 |
| Type (Add-on Acquisition) | 20 of 23 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 39 of 49 |
| Year (2013) | 4 of 4 |
| Size (of disclosed) | 10 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-21 |
MacDermid
Denver, Colorado, United States MacDermid is a leading global provider of proprietary specialty chemicals and technical services to a wide range of diverse end use markets including electronics, metal and plastics finishing and offshore oil and gas markets. The company competes in a wide range of attractive niche markets and typically holds a #1 or #2 market position in each of its businesses. |
Sell | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-01 |
The HydraFacial
Signal Hill, California, United States The HydraFacial is a manufacturer of non-invasive equipment and consumables used in aesthetic skin health treatments. The HydraFacial was founded in 1997 and is based in Signal Hill, California. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $5 to $20 million in companies generating $20 to $200 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 51 |
| Sector (Chemicals) | 1 of 3 |
| Type (Add-on Acquisition) | 8 of 31 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 11 of 51 |
| Year (2013) | 1 of 2 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-30 |
BrandFX
Fort Worth, Texas, United States BrandFX LLC is a manufacturer and seller of composite utility truck bodies. Products include service bodies designed for smaller utility trucks, line bodies designed for medium-sized utility trucks as well as toppers and inserts designed primarily for compact utility trucks. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-10 |
Bel-Ray Company
Farmingdale, New Jersey, United States Bel-Ray Company, Inc. is an international, US-based, lubricant manufacturing company providing lubricants for the food and general manufacturing industries, the mining industry and the consumer light vehicle market. |
Sell | - |
