M&A Deal Summary

American Securities Acquires Conair

On March 12, 2021, private equity firm American Securities acquired consumer products company Conair

Acquisition Highlights
  • This is American Securities’ 3rd transaction in the Consumer Products sector.
  • This is American Securities’ 66th transaction in the United States.
  • This is American Securities’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2021-03-12
Target Conair
Sector Consumer Products
Buyer(s) American Securities
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) CG Sawaya Partners
Solomon Partners (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Conair

Stamford, Connecticut, United States
Conair is a designer, manufacturer, and marketer of branded personal care and small kitchen appliances, cookware, hair brushes & accessories, cosmetic bags, and travel accessories. Conair was founded in 1959 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 67 of 80
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 25 of 28
State (Connecticut) 1 of 1
Country (United States) 66 of 79
Year (2021) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Emerald Kalama Chemical

Vancouver, Washington, United States

Emerald Kalama Chemical is a premier material solutions provider, with a wide portfolio of quality ingredients that bring value and performance to applications such as adhesives, foods, beverages, fragrances, cosmetics, home care, vinyl, and other consumer and industrial products. Emerald Kalama Chemical LLC was founded in 2006 and is based in Vancouver, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 SimonMed

Scottsdale, Arizona, United States

SimonMed is an outpatient medical imaging provider and physician radiology practice in the United States. The company's practice consists of over 200 experienced subspecialty-trained radiologists and operates across 9 states with over 150 accredited facilities that are ACR-RADSITE certified with certified technologists and equipment. It specializes in using the newest diagnostic imaging technologies and bringing them to the community in an affordable and accessible way. SimonMed was formed in 2003 and is based in Scottsdale, Arizona.

Buy $600M