Add-on Acquisition • Electronics

AGM Automotive Acquires Chicago Miniature Lighting

On May 28, 2014, AGM Automotive acquired electronics company Chicago Miniature Lighting from Comvest Partners

Acquisition Context
  • This is AGM Automotive’s 1st transaction in the Electronics sector.
  • This is AGM Automotive’s 1st transaction in the United States.
  • This is AGM Automotive’s 1st transaction in Michigan.

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M&A Deal Summary

Date May 28, 2014
Target Chicago Miniature Lighting
Sector Electronics
Buyer(s) AGM Automotive
Sellers(s) Comvest Partners
Deal Type Add-on Acquisition

Target Company

Chicago Miniature Lighting

Novi, Michigan, United States
Chicago Miniature Lighting LLC designs, produces and distributes LED miniature light source and lighting systems.
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Buyer Overview 1

Buyer

AGM Automotive

Troy, Michigan, United States

Category Company
Founded 2001
Sector Automotive
DESCRIPTION

AGM Automotive, Inc. is a provider of automotive interior trim, lighting, and electrical components to automotive and related industries.


Deal Context for Buyer #
Overall 1 of 2
Sector: Electronics 1 of 1
Type: Add-on Acquisition 1 of 2
State: Michigan 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-10 durmont Teppichbodenfabrik

Hartberg, Austria

durmont Teppichbodenfabrik GmbH is a manufacturer of carpets.

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Seller Profile 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


Deal Context for Seller #
Overall 19 of 42
Sector: Electronics 1 of 1
Type: Add-on Acquisition 10 of 23
State: Michigan 1 of 2
Country: United States 19 of 42
Year: 2014 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 Cynergy Data

Long Island City, New York, United States

Cynergy Data Provides merchant payment processing services and related software products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-29 Old Time Pottery

Murfreesboro, Tennessee, United States

Old Time Pottery is a retailer of decorative home products. Old Time Pottery offers home decor products, kitchen tools, dinnerware, bedding accessories, outdoor furniture and general merchandise. Old Time Pottery was founded in 1985 and is based in Murfreesboro, Tennessee.

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