M&A Deal Summary

Arsenal Capital Partners and DFO Management Acquire WCG

On August 18, 2016, private equity firm Arsenal Capital Partners and family office DFO Management acquired information services company WCG

Acquisition Highlights
  • This is Arsenal Capital Partners’ 1st and DFO Management’s 1st transaction in the Information Services sector.
  • This is Arsenal Capital Partners’ 31st and DFO Management’s 8th transaction in the United States.
  • This is Arsenal Capital Partners’ 4th and DFO Management’s 1st transaction in New Jersey.
Investment Fate
  • WCG was recapitalized in 2019.

M&A Deal Summary

Date 2016-08-18
Target WCG
Sector Information Services
Buyer(s) Arsenal Capital Partners
DFO Management
Deal Type Recapitalization

Target

WCG

Princeton, New Jersey, United States
WCG is a provider of regulatory and ethical review services for human research. The pioneer of independent ethical review, WCG continues to drive ingenuity in the clinical research space. WCG delivers transformational solutions that stimulate growth, foster compliance and maximize efficiency for those who perform clinical trials. WCG was founded in 2012 and is based in Princeton, New Jersey.

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Buyer(S) 2

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.


DEAL STATS #
Overall 32 of 57
Sector: Information Services 1 of 1
Type: Recapitalization 3 of 4
State: New Jersey 4 of 6
Country: United States 31 of 50
Year: 2016 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-17 DG3

Jersey City, New Jersey, United States

DG3 is a graphics communications company, provides technology and print-based communications solutions to corporate, financial services, pharmaceutical, and academic institutions. The company specializes in the production and distribution of time sensitive documents, on demand printing, and marketing collateral. DG3 was established in 1983 and is based in Jersey City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 KEL-TECH

Midland, Texas, United States

KEL-TECH, Inc. is a manufacturer and supplier of specialty chemical products for production, field stimulation, and drilling applications.

Sell -
Buyer

DFO Management

New York, New York, United States

Investor Investor


Category Family Office
Founded 1998
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

DFO Management is the private investment vehicle for Michael Dell, founder of Dell Computers. The Firm targets investment opportunities across the US and internationally and is split into several groups. These include Public Equity, Special Opportunities, Private Equity, Real Estate, and Partnerships. The Private Equity group targets transactions that include leveraged and management buyouts, take privates, mezzanine debt and other structured investments, PIPEs and growth equity financings, platform acquisitions and roll-ups, and partnerships with other financial sponsors. DFO looks to commit $100 to $250 million per transaction and prefers investments in non-technology companies. DFO Management was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 9 of 16
Sector: Information Services 1 of 1
Type: Recapitalization 1 of 1
State: New Jersey 1 of 1
Country: United States 8 of 15
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 OneWest Bank

Pasadena, California, United States

OneWest Bank is a provider of financial services.

Sell $3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Hayward Industries

Charlotte, North Carolina, United States

Hayward Industries is a manufacturer of residential and commercial pool equipment and industrial flow control products. Hayward markets a full line of energy efficient pool and spa equipment including pumps, filters, heaters, cleaners, salt chlorinators, automation, lighting, safety, and flow control products. Hayward Industries was incorporated in 1925 and is based in Charlotte, North Carolina.

Buy -