M&A Deal Summary

Alta Growth Capital and Northgate Capital Acquire USK

On January 28, 2020, growth capital firm Alta Growth Capital and private equity firm Northgate Capital acquired manufacturer USK

Acquisition Highlights
  • This is Alta Growth Capital’s 2nd and Northgate Capital’s 1st transaction in the Manufacturing sector.
  • This is Alta Growth Capital’s 17th and Northgate Capital’s 4th transaction in Mexico.

M&A Deal Summary

Date 2020-01-28
Target USK
Sector Manufacturing
Buyer(s) Alta Growth Capital
Northgate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

USK

Cuautitlan Izcalli, Mexico
USK manufactures high-quality vehicle steering and suspension components serving the North American heavy truck industry. The Company has successfully positioned its highly engineered components for steering systems within the leading Original Equipment Manufacturers (OEMs) and their Tier 1 suppliers. USK is based in Cuautitlan Izcalli, Mexico.

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Buyer(S) 2

Buyer

Alta Growth Capital

Bosques de las Lomas, Mexico

Category Growth Capital Firm
Founded 2007
PE ASSETS 152M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Growth Capital is a private equity firm focused on investing in middle-market companies operating in Mexico. Alta looks for opportunities benefiting from the increased consumption of goods and services in Mexico and the US Hispanic market. These areas include the consumer goods, financial services, housing, healthcare, education, entertainment, and selective manufacturing and industrial sectors. Alta looks to commit $10 to $30 million US in companies generating sales of $15 to $120 million. Alta will consider both majority and minority positions. Alta Growth Capital was formed in 2007 and is based in Bosques de las Lomas.


DEAL STATS #
Overall 18 of 20
Sector: Manufacturing M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 9
Country: Mexico M&A 17 of 18
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Lottus Education

Distrito , Mexico

Lottus Education is a tech-powered consolidation platform of higher education in Mexico. Through its operating brands, Lottus Education offers high-school, undergraduate, and graduate educational programs and services, online and on-campus in Mexico. Lottus Education has more than 45,000 enrolled students, including over 20,000 digital students, nationwide. Lottus Education was founded in 2015 and is based in Distrito, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Interquim

Cuautitlan Izcalli, Mexico

Interquim is an API producer in Mexico and Latin America. Interquim is an independent players in Vitamin B12 derivatives production, as well as niche products within the molecules market. Interquim was founded in 1983 and is based in Cuautitlan Izcalli, Mexico.

Buy -
Buyer

Northgate Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northgate Capital is a private investment firm focused on venture and private equity investing. The Firm's venture group will consider opportunities globally looks to make direct investments in rapidly growing companies as well as invest in venture funds. Northgate's private equity group looks to provide provide equity and mezzanine capital to growth oriented small and middle-market companies operating in Mexico. Northgate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 22 of 23
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
Country: Mexico M&A 4 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 Bloom Energy

San Jose, California, United States

Bloom Energy offers increased electrical reliability and improved energy security, providing a clear path to energy independence. Bloom Energy was founded in 2001 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Silver Peak Systems

Santa Clara, California, United States

Silver Peak helps enterprises and service providers flexibly and securely connect users to applications via the most cost-effective source of connectivity available. Silver Peak customers can quickly migrate to an enterprise-grade WAN that leverages the Internet (often referred to as SD-WAN), while dramatically improving application performance and lowering networking costs.

Sell $925M