M&A Deal Summary

A. Schulman Acquires Citadel Plastics Holdings

On March 16, 2015, A. Schulman acquired plastics company Citadel Plastics Holdings from HGGC, Barings Private Equity and Charlesbank Capital Partners for 800M USD

Acquisition Highlights
  • This is A. Schulman’s 4th transaction in the Plastics sector.
  • This is A. Schulman’s largest (disclosed) transaction.
  • This is A. Schulman’s 6th transaction in the United States.
  • This is A. Schulman’s 1st transaction in Illinois.

M&A Deal Summary
Date 2015-03-16
Target Citadel Plastics Holdings
Sector Plastics
Buyer(s) A. Schulman
Sellers(s) HGGC
Barings Private Equity
Charlesbank Capital Partners
Deal Type Add-on Acquisition
Deal Value 800M USD
Advisor(s) Squire Patton Boggs (Legal)

Target

Citadel Plastics Holdings

West Chicago, Illinois, United States
Citadel Plastics Holdings, Inc. is a composite plastics company that produces thermoset and thermoplastic compounds for specialty product applications in the automotive, electrical, construction, HVAC, and appliance markets.

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Buyer(S) 1

Buyer

A. Schulman

Fairlawn, Ohio, United States
Category Company
Founded 1928
Sector Chemicals
Employees5,000
Revenue 2.5B USD (2017)
DESCRIPTION

A. Schulman, Inc. is an international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. A. Schulman was formed in 1928 and is based in Fairlawn, Ohio.

DEAL STATS #
Overall 11 of 11
Sector (Plastics) 4 of 4
Type (Add-on Acquisition) 10 of 10
State (Illinois) 1 of 1
Country (United States) 6 of 6
Year (2015) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Compco Pty.

Mordialloc, Australia

Compco Pty. Ltd., is a manufacturer of a variety of plastic compounds and products including masterbatches and custom performance colors.

Buy $7M

Seller(S) 3

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 9 of 24
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 6 of 13
State (Illinois) 1 of 1
Country (United States) 7 of 21
Year (2015) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 Dynata

Shelton, Connecticut, United States

Dynata is a global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. Dynata was founded in 1977 and is based in Shelton, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-12 Selligent Marketing Cloud

San Jose, California, United States

Selligent Marketing Cloud is an intelligent omnichannel marketing cloud platform provides actionable insights that empower companies to deliver more personalized and valuable consumer engagements, resulting in compelling experiences across all channels. Selligent Marketing Cloud is based in San Jose, California.

Buy -
SELLER

Barings Private Equity

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 12 of 37
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 9 of 23
State (Illinois) 1 of 1
Country (United States) 12 of 33
Year (2015) 3 of 6
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 York Wallcoverings

York, Pennsylvania, United States

York Wallcoverings is a manufacturer of residential and commercial wallpaper, as well as peel-and-stick removable and reusable wall decals. York Wallcoverings was founded in 1895 and is based in York, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 America s Auto Auction

Dallas, Texas, United States

America's Auto Auction is a wholesale automobile auction company offering a full spectrum of remarketing services for both buyers and sellers of used vehicles. America's Auto Auction was formed in 2005 and is based in Dallas, Texas.

Buy -
SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 31 of 50
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 9 of 18
State (Illinois) 3 of 5
Country (United States) 28 of 46
Year (2015) 1 of 5
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Varsity Brands

Farmers Branch, Texas, United States

Varsity Brands provides goods and services to the school spirit industry. The company designs, markets, and manufactures cheerleading and dance team uniforms and accessories. It elevates the student experience, promotes participation, and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school, and community pride through their customizable products and programs to elementary and middle schools, high schools, colleges and universities, church organizations, professional and collegiate sports teams, and corporations. Varsity Brands is based in Farmers Branch, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Montpelier Re Holdings

Pembroke, Bermuda

Montpelier Re Holdings Ltd. is a insurance and reinsurance company that focuses on the property reinsurance market. Targeted lines of business include property catastrophe excess of loss reinsurance, property risk excess of loss reinsurance, facultative reinsurance, whole account quota share reinsurance, and property retrocession reinsurance.

Sell $1.8B
Mergr

Product

Company

Legal