Growth Capital • Retail

ACON Investments Invests In True Value

On March 15, 2018, private equity firm ACON Investments invested in retailer True Value

Investment Context
  • This is ACON Investments’ 9th transaction in the Retail sector.
  • This is ACON Investments’ 30th transaction in the United States.
  • This is ACON Investments’ 2nd transaction in Illinois.
Investment Fate
  • True Value went bankrupt in 2024.

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Investment Summary

Date March 15, 2018
Target True Value
Sector Retail
Investor(s) ACON Investments
Deal Type Growth Capital
Advisor(s) Alvarez & Marsal
Piper Sandler & Co. (Financial)
Winston & Strawn
Dorsey & Whitney
Morris, Nichols, Arsht & Tunnell (Legal)

Target Company

True Value

Chicago, Illinois, United States
True Value is an independent hardware retailer and cooperative with locations across the US. True Value was founded in 1948 and is based in Chicago, Illinois.
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Investor Overview 1

Investor

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


Deal Context for Investor #
Overall 48 of 74
Sector: Retail 9 of 10
Type: Growth Capital 18 of 23
State: Illinois 2 of 3
Country: United States 30 of 43
Year: 2018 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Contenur

Getafe, Spain

Contenur engages in the design, engineering and marketing of containers to the waste collection industry. The company provides all kinds of maintenance services to urban furnishing, ranging from container recycling to playground maintenance. Contenur was founded in 1985 and is based in Getafe (Madrid) and with international presence in Latam (Brazil, Colombia and Peru), Asia (Singapore) and Middle East, the company also has commercial teams and branches in the United Kingdom, France, Germany, Italy, Portugal, the Czech Republic, Poland and Morocco, as well as two manufacturing plants in Spain and Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-25 Fiesta Mart

Houston, Texas, United States

Fiesta Mart LLC is a food retailer with an emphasis on the Hispanic market. Fiesta Mart was founded in 1972 and is based in Houston, Texas.

Sell -