M&A Deal Summary |
|
|---|---|
| Date | 2007-11-05 |
| Target | Varel Energy Solutions |
| Sector | Energy Services and Equipment |
| Buyer(s) | Arcapita |
| Sellers(s) |
KRG Capital Partners
American Capital Lariat Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 369M USD |
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Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 47 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 8 of 14 |
| State (Texas) | 2 of 2 |
| Country (United States) | 26 of 32 |
| Year (2007) | 6 of 7 |
| Size (of disclosed) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-01 |
Polygel Industries
Singapore, Singapore Polygel Industries is a diversified Performance and Specialty Chemicals business offering over 50 products, including a wide range of Organic Titanates, Zirconates, Phosphates, Phosphites (Organometallic Chemicals), and Phenolics, for applications such as Catalysts for Refineries, Petrochemicals, downstream Polymer processing, Printing Inks, Paints, and Coating Industries, Lubricants, Glass coatings, Emission control, Oleochemicals, Pharmaceuticals, Food Processing & Oil fracking. Polygel Industries was founded in 1997 and is based in Singapore. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-20 |
PODS Enterprises
Clearwater, Florida, United States PODS Enterprises is a provider of portable storage and moving solutions for residential and business customers. PODS Enterprises is based in Clearwater, Florida. |
Buy | $430M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 41 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 14 |
| State (Texas) | 3 of 5 |
| Country (United States) | 18 of 40 |
| Year (2007) | 2 of 2 |
| Size (of disclosed) | 8 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-01 |
Case Logic Wireless
Longmont, Colorado, United States Case Logic Wireless, Inc. is a designer and marketer of storage products and accessories for the audio, computer, photo/video, DVD, automotive and recreational markets. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-01 |
UniversalPegasus International
Houston, Texas, United States UniversalPegasus International is an engineering and design firm that provides its clients with a broad range of engineering, inspection, survey, and project management services focused on the gathering, transmission, and processing of hydrocarbons and hydrocarbon-based products both onshore and offshore domestic and international markets. UniversalPegasus International was founded in 2008 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.
| DEAL STATS | # |
|---|---|
| Overall | 76 of 194 |
| Sector (Energy Services and Equipment) | 2 of 4 |
| Type (Secondary Buyout) | 24 of 71 |
| State (Texas) | 7 of 15 |
| Country (United States) | 75 of 186 |
| Year (2007) | 19 of 22 |
| Size (of disclosed) | 18 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-05 |
Rug Doctor
Plano, Texas, United States Rug Doctor is a manufacturer and marketer of premium steam cleaning carpet care machines rented and sold to consumers. Rug Doctor was founded in 1998 and is based in Plano, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-13 |
Stravina Operating
Chatsworth, California, United States Stravina Operating Co. LLC is a designer, manufacturer and distributor of personalized impulse-purchase novelty and souvenir items. Stravina specializes in a variety of personalized items that can be customized to specific locations. |
Sell | - |
Lariat Partners is a lower middle-market private equity firm focused on buy-and-build investments of recurring revenue businesses. Target sectors include consumer products, energy and environmental services, food, healthcare services, marine services, safety, and specialty distribution. Prospective companies are generally profitable with $2 to $20 million of EBITDA. Lariat Partners was formed in 2013 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 7 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 4 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 7 |
| Year (2007) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-01 |
Varel Energy Solutions
Houston, Texas, United States Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-13 |
Northern Seed
Butte, Montana, United States Northern Seed provides quality seeds, seed treatment, and services to its growers. Northern Seed was founded in 2007 and is based in Butte, Montana. |
Buy | - |
