M&A Deal Summary |
|
|---|---|
| Date | 2002-04-01 |
| Target | Associated Materials |
| Sector | Building Materials |
| Buyer(s) |
TGF Management
Weston Presidio PPM America Capital Partners Harvest Partners Private Equity Investcorp International |
| Deal Type | Going Private |
| Deal Value | 436M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
TGF Management is a private equity firm focused on management buyouts and recapitalizations of profitable, middle-market companies generating sales of $50 to $250 million and EBITDA of $5 of $25 million. Areas of interest include manufacturing, distribution, construction, industrial service, outsourced business services, food, and consumer products. TGF's target investment size is $25 to $100 million and the Firm's geographic focus is on opportunities in the Southwest US. TGF will not invest in oil/gas exploration and production companies, real estate, and businesses with 'significant technology risk'. TGF Management was formed in 1992 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 22 |
| Sector (Building Materials) | 2 of 3 |
| Type (Going Private) | 2 of 2 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 15 of 22 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-12-20 |
NetSpend Holdings
Austin, Texas, United States NetSpend Holdings, Inc. is a provider of reloadable prepaid debit cards and related financial services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-06-05 |
Veridian
Arlington, Virginia, United States Veridian Corp. is a provider of information technology and network security and applied science and engineering services to the U.S. intelligence community and military services, and to the civilian and commercial sectors. |
Sell | - |
| 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 | 9 of 43 |
| Sector (Building Materials) | 1 of 3 |
| Type (Going Private) | 1 of 3 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 9 of 41 |
| Year (2002) | 1 of 3 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-05-08 |
BlueArc
San Jose, California, United States BlueArc Corp. is a provider of the performance and scalable enterprise-class network attached storage systems. BlueArc Corporation delivers the world's highest-performance and most scalable enterprise-class network attached storage (NAS) systems. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-04-12 |
JetBlue
Long Island City, New York, United States JetBlue is a low-fare, low-cost passenger airline serving US business and leisure travelers. JetBlue Airways was formed in 1998 and is based in Long Island City, New York. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 3.9B USD |
| Size | Large |
| Type | Sector Agnostic |
PPM America Capital Partners (PPMACP) is the private equity investment arm of PPM America, an indirect subsidiary of Prudential plc. PPMACP actively pursues private equity co-investments in management buyout, recapitalizations, industry build-up, and growth equity transactions. PPMACP generally looks to commit $15 to $50 million in businesses valued up to $1 billion. PPMACP is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Building Materials) | 1 of 1 |
| Type (Going Private) | 1 of 1 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 1 of 4 |
| Year (2002) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-05-01 |
Dr. Leonard s Healthcare
Edison, New Jersey, United States Dr. Leonard's Healthcare Corp. is an online mail retailer of home healthcare, comfort and convenience products. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 49 |
| Sector (Building Materials) | 1 of 2 |
| Type (Going Private) | 1 of 2 |
| State (Ohio) | 1 of 6 |
| Country (United States) | 3 of 46 |
| Year (2002) | 1 of 2 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-05-17 |
Williams
Atlanta, Georgia, United States Williams is a designer, engineer and manufacturer of auxiliary equipment for gas turbines used in power plants and a variety of industrial applications. Williams was founded in 1998 and is based in Atlanta, Georgia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-08-01 |
Home Care Supply
Beaumont, Texas, United States Home Care Supply, Inc. is a provider of durable medical, respiratory therapy and rehabilitation equipment and supplies to home-bound patients. Harvest partnered with the senior executives of a successful prior portfolio company, Taylor Medical, to form Home Care Supply in 1998. |
Buy | $145M |
| Category | Asset Manager |
|---|---|
| Founded | 1982 |
| PE ASSETS | 21.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 175 |
| Sector (Building Materials) | 2 of 7 |
| Type (Going Private) | 1 of 1 |
| State (Ohio) | 1 of 3 |
| Country (United States) | 25 of 81 |
| Year (2002) | 1 of 6 |
| Size (of disclosed) | 11 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-12-19 |
Stahl Holdings BV
Waalwijk, Netherlands Stahl is producer of chemicals for leather products; next to this, Stahl produces polymers and performance coatings for a variety of substrates such as textile, paper, plastics, rubber, metal and wood. Stahl offers a wide range of solutions to the automotive, shoe, apparel & accessories and home interior sectors, and for industrial applications. |
Buy | €375M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-06-11 |
PortalPlayer
San Jose, California, United States PortalPlayer offers a base platform for next generation entertainment products such as portable digital music devices, general audio systems and streaming audio receivers, using MP3 and other popular digital compression technologies, tightly integrated with e-commerce and digital rights management. |
Buy | $42M |
