M&A Deal Summary

3i Private Equity Acquires Dynatect

On August 29, 2014, private equity firm 3i Private Equity acquired manufacturer Dynatect from Audax Private Equity and BlackRock Capital Investment for 110M USD

Acquisition Highlights
  • This is 3i Private Equity’s 12th transaction in the Manufacturing sector.
  • This is 3i Private Equity’s 41st largest (disclosed) transaction.
  • This is 3i Private Equity’s 12th transaction in the United States.
  • This is 3i Private Equity’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2014-08-29
Target Dynatect
Sector Manufacturing
Buyer(s) 3i Private Equity
Sellers(s) Audax Private Equity
BlackRock Capital Investment
Deal Type Secondary Buyout
Deal Value 110M USD

Target

Dynatect

New Berlin, Wisconsin, United States
Dynatect is a manufacturer of engineered, mission-critical components for the protection of equipment and people. Dynatect was founded in 1945 and is based in New Berlin, Wisconsin.

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Buyer(S) 1

Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 216 of 249
Sector (Manufacturing) 12 of 13
Type (Secondary Buyout) 28 of 43
State (Wisconsin) 1 of 1
Country (United States) 12 of 18
Year (2014) 1 of 3
Size (of disclosed) 41 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 John Hardy

New York, New York, United States

John Hardy is a manufacturer and distributor of authentic, high-end designer jewelry and lifestyle accessories. John Hardy was founded in 1975 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 LHI Technology

Bao An, China

LHI Technology is a medical cables manufacturer. It is a major supplier to the growing global medical assemblies market and the only Asia-based supplier to develop, manufacture and sell medical cable assemblies exclusively to medical device companies and OEMs internationally. LHI Technology was founded in 1999 and is based in Bao An, China.

Sell $195M

Seller(S) 2

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 37 of 102
Sector (Manufacturing) 3 of 5
Type (Secondary Buyout) 18 of 55
State (Wisconsin) 1 of 2
Country (United States) 35 of 97
Year (2014) 5 of 6
Size (of disclosed) 19 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-25 TriMark

South Attleboro, Massachusetts, United States

TriMark is a full service distributor of food service equipment and supplies and a provider of design and engineering services to over 10,000 customers nationwide, including restaurant, healthcare, entertainment, and other food service venues and facilities. TriMark USA, Inc. was established in 1998 and is based in South Attleboro, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Senneca Holdings

West Chester, Ohio, United States

Senneca Holdings is a manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire and sliding doors. Senneca offers superior design and engineering processes, and supports the development of green product innovations. Senneca Holdings’ family of brands includes Chase, Chem-Pruf, ColdGuard, Econo Max, Eliason, Fib-R-Dor, Saino, and Simon.

Buy -
SELLER

BlackRock Capital Investment

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 2005
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.


DEAL STATS #
Overall 6 of 23
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 2 of 11
State (Wisconsin) 1 of 1
Country (United States) 6 of 21
Year (2014) 3 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 ARS

Memphis, Tennessee, United States

ARS is a provider of heating and air conditioning (HVAC) and plumbing services nationwide. ARS primarily serves homeowners in need of emergency repair and replacement services for heating, air conditioning, energy efficiency, plumbing, drain cleaning and sewer lines. It operates under two well-known national brands, ARS and Rescue Rooter, as well as through trusted local brands in select markets. ARS was founded in 1995 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 AmQuip Crane Rental

Trevose, Pennsylvania, United States

AmQuip Crane Rental is a provider of crane rentals and related services with a fleet of approximately 500 cranes. AmQuip Crane Rental is based in Trevose, Pennsylvania.

Sell -