M&A Deal Summary

The Carlyle Group and Point Lookout Capital Partners Acquire Combined Systems

On April 14, 2005, private equity firms The Carlyle Group and Point Lookout Capital Partners acquired defense company Combined Systems

Acquisition Highlights
  • This is The Carlyle Group’s 4th and Point Lookout Capital Partners’ 1st transaction in the Defense sector.
  • This is The Carlyle Group’s 107th and Point Lookout Capital Partners’ 1st transaction in the United States.
  • This is The Carlyle Group’s 2nd and Point Lookout Capital Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2005-04-14
Target Combined Systems
Sector Defense
Buyer(s) The Carlyle Group
Point Lookout Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Combined Systems

Jamestown, Pennsylvania, United States
Combined Systems manufactures branded less-lethal munitions, anti-riot products, and other related products that serve the military and law enforcement markets in the United States and abroad. Combined Systems was founded in 1981 and is based in Jamestown, Pennsylvania.

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Buyer(S) 2

Buyer

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 185 of 750
Sector: Defense M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 86 of 221
State: Pennsylvania M&A 2 of 13
Country: United States M&A 107 of 350
Year: 2005 M&A 8 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-06 Apama

Cambridge, United Kingdom

Apama is a provider of real-time analytics software to the financial industry. It enables organisations to continuously evaluate and immediately respond to business events, particularly in proprietary trading environments.

Sell $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 HealthCentral

Arlington, Virginia, United States

HealthCentral is a provider of online clinical and patient community resources and tools that help millions of patients and caregivers take control of their health and improve their well-being. HealthCentral is based in Arlington, Virginia.

Buy -
Buyer
DESCRIPTION

Point Lookout Capital Partners is a private investment firm focused on control investments in US based businesses. The firm prefers investment situations where current management or owners desire to stay with the business. Point Lookout targets companies with cash flow of $2 to $10 million and generally invests $5 to $15 million of equity capital per transaction - although the firm will consider select investments requiring less than $5 million of capital. Sectors of interest include defense, media, consumer products and manufacturing. Point Lookout Capital Partners is based in New York City.


DEAL STATS #
Overall 1 of 4
Sector: Defense M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Pennsylvania M&A 1 of 2
Country: United States M&A 1 of 4
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-12 Penn Arms

Jamestown, Pennsylvania, United States

Penn Arms, Inc. is a developer and manufacturer of various caliber firearms for law enforcement and military applications. Penn Arms specializes in single and multi-shot launchers capable of rapidly deploying various types of ammunition used in riot suppression and other crowd control operations. Penn Arms was founded in 1989 and is based in Jamestown, Pennsylvania.

Buy -