Buyout (LBO, MBO, MBI) • Retail

Audax Private Equity and American Capital Acquire Cinelease

On September 6, 2007, private equity firms Audax Private Equity and American Capital acquired retailer Cinelease

Acquisition Context
  • This is Audax Private Equity’s 2nd and American Capital’s 4th transaction in the Retail sector.
  • This is Audax Private Equity’s 29th and American Capital’s 225th transaction in the United States.
  • This is Audax Private Equity’s 3rd and American Capital’s 46th transaction in California.
Investment Fate
  • Cinelease was sold to a strategic buyer in 2012.

Explore All 718 Buyout (LBO, MBO, MBI) Retail Deals - Search the Database Free


M&A Deal Summary

Date September 6, 2007
Target Cinelease
Sector Retail
Buyer(s) Audax Private Equity
American Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Goldsmith Agio Helms (Financial)

Target Company

Cinelease

Burbank, California, United States
Cinelease, Inc. is a provider of rent motion-picture lighting and grip equipment to the television, feature film, commercial, and music video industries.
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Buyers Overview 2

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 30 of 170
Sector: Retail 2 of 2
Type: Buyout (LBO, MBO, MBI) 13 of 46
State: California 3 of 14
Country: United States 29 of 161
Year: 2007 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 API Heat Transfer

Buffalo, New York, United States

API Heat Transfer is a designer and manufacturer of a wide range of heat transfer technologies that service virtually every industrial market including food and beverage, dairy, compressors, air separation, chemical processing, mobile vehicles, power generation, pharmaceuticals, HVAC, and a wide variety of general industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-02 Fortra

Eden Prairie, Minnesota, United States

Fortra provides security, systems and network management, automation, business intelligence and compliance solutions. The Company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. Fortra was founded in 1982 and is based in Eden Prairie, Minnesota.

Buy -
Buyer

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 Context for Buyer #
Overall 236 of 265
Sector: Retail 4 of 4
Type: Buyout (LBO, MBO, MBI) 119 of 125
State: California 46 of 47
Country: United States 225 of 253
Year: 2007 15 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Moxy Media Technologies

Guelph, Ontario, Canada

Moxy Media has established itself as a leading online media publisher. We?ve taken an active role in shaping the landscape for seekers of information, products and services all over the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-11 Imperial Supplies

Green Bay, Wisconsin, United States

Imperial Supplies LLC is a value-added distributor of after-market components to fleet and facility-based markets.

Buy $112M