M&A Deal Summary

Thule Acquires Advanced Accessory Systems

On September 6, 2006, Thule acquired automotive company Advanced Accessory Systems from Castle Harlan and Stockwell Capital for 203M USD

Acquisition Highlights
  • This is Thule’s 1st transaction in the Automotive sector.
  • This is Thule’s largest (disclosed) transaction.
  • This is Thule’s 1st transaction in the United States.
  • This is Thule’s 1st transaction in Michigan.

M&A Deal Summary

Date 2006-09-06
Target Advanced Accessory Systems
Sector Automotive
Buyer(s) Thule
Sellers(s) Castle Harlan
Stockwell Capital
Deal Type Add-on Acquisition
Deal Value 203M USD

Target

Advanced Accessory Systems

Sterling Heights, Michigan, United States
website
Advanced Accessory Systems, is a global supplier of roof rack systems, towing systems and related lifestyle accessories to the automotive OEM and aftermarket.

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Buyer(S) 1

Buyer

Thule

Seymour, Connecticut, United States

website


Category Company
Sector Automotive
DESCRIPTION

Thule Inc. is a wholly owned subsidiary of the Thule Group. The Thule Group is world leader in products and brands that make it easy for people to transport their equipment securely, safely and in style.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 18 of 38
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 9 of 17
State (Michigan) 1 of 1
Country (United States) 15 of 31
Year (2006) 3 of 3
Size (of disclosed) 12 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 Bravo Brio

Columbus, Ohio, United States

Bravo Brio is a restaurant company featuring two rapidly growing, category defining brands in the upscale casual Italian dining segment: Bravo Cucina Italiana and Brio Tuscan Grille.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-12 United Malt Holdings

Australia

United Malt Holdings ("UMH"), one of the world's largest producers of malt for use in the brewing and distilling industries. The businesses were acquired from Conagra Foods Inc of the United States and Tiger Brands of South Africa. The remaining 40 percent of Bairds Malt was acquired in 2007.

Buy AU$91M
SELLER

Stockwell Capital

Austin, Texas, United States

Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.


DEAL STATS #
Overall 5 of 41
Sector (Automotive) 2 of 3
Type (Add-on Acquisition) 1 of 12
State (Michigan) 2 of 3
Country (United States) 5 of 33
Year (2006) 2 of 2
Size (of disclosed) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-02 EXCO

Dallas, Texas, United States

EXCO is an oil and natural gas company engaged in the exploitation, exploration, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. EXCO was founded in 1955 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-10 TDF

Montrouge, France

TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France.

Buy €5.0B