M&A Deal Summary

Appvion Acquires Nekoosa

On November 2, 2022, Appvion acquired packaging company Nekoosa from Sentinel Capital Partners

Acquisition Highlights
  • This is Appvion’s 1st transaction in the Packaging sector.
  • This is Appvion’s 1st transaction in the United States.
  • This is Appvion’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-11-02
Target Nekoosa
Sector Packaging
Buyer(s) Appvion
Sellers(s) Sentinel Capital Partners
Deal Type Add-on Acquisition

Target

Nekoosa

Nekoosa, Wisconsin, United States
Nekoosa is a provider of specialty-engineered papers and films for the graphics and commercial print markets. The company's expertise spans coating, converting, and custom plastic extrusion capabilities, with a product offering that, includes application tapes, specialty synthetic papers, carbonless papers, and capping films. The Nekoosa family of brands includes Nekoosa Coated Products, RTape Corp., CET Films, and ClingZ. Nekoosa was formed in 2005 and is based in Nekoosa, Wisconsin.

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Buyer(S) 1

Buyer

Appvion

Appleton, Wisconsin, United States
Category Company
Founded 1907
Sector Forest Products
Employees1,600
DESCRIPTION

Appvion, Inc. is a producer of thermal, carbonless, security, inkjet, digital specialty, and colored papers.

DEAL STATS #
Overall 1 of 2
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Appvion - Thermal Coating Business

Appleton, Wisconsin, United States

Appvion's Thermal Coating Business provides thermal coatings for label and film solutions. Appvion's Thermal Coating Business is based in Appleton, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Decorative Films

Frederick, Maryland, United States

Decorative Films manufactures adhesive decorative, privacy, and functional window films for commercial and residential use that are sold through a global network of dealer partners. Decorative Films is based in Frederick, Maryland.

Buy -

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 67 of 69
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 16 of 17
State (Wisconsin) 4 of 5
Country (United States) 60 of 62
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 SmartSign

Brooklyn, New York, United States

SmartSign is an e-commerce company operating as a parent to brands like MySafetySign, MyParkingSign, and nearly 30 other sites. The company manufactures and distributes a wide range of signs, tags, mats, and labels and customers can tailor their signs to meet their individual needs, and through content-rich and authoritative retail sites. It provides specific solutions to specific problems, such as preventing accidents in the workplace. SmartSign was formed in 1999 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 L2 Brands

Hanover, Pennsylvania, United States

L2 Brands is a manufacturer and supplier of branded collegiate-licensed apparel. L2 Brands provides a full apparel offering including high-quality t-shirts, fleece, and bottoms, as well as adjacent product categories such as spirit blankets and pillows. L2 Brands was founded in 1991 and is based in Hanover, Pennsylvania.

Buy -
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