M&A Deal Summary

Aurora Capital Partners Acquires Inhance Technologies

On July 16, 2018, private equity firm Aurora Capital Partners acquired plastics company Inhance Technologies from Arsenal Capital Partners

Acquisition Highlights
  • This is Aurora Capital Partners’ 2nd transaction in the Plastics sector.
  • This is Aurora Capital Partners’ 25th transaction in the United States.
  • This is Aurora Capital Partners’ 4th transaction in Texas.

M&A Deal Summary
Date 2018-07-16
Target Inhance Technologies
Sector Plastics
Buyer(s) Aurora Capital Partners
Sellers(s) Arsenal Capital Partners
Deal Type Secondary Buyout

Target

Inhance Technologies

Houston, Texas, United States
Inhance Technologies is a provider of post-mold fluorination solutions and the major innovator in fluorine-based material science. Inhance Technologies’s portfolio of proprietary solutions is used across a wide range of end markets to enhance its customers’ products, allowing them to perform better, last longer, and adhere to increasingly stringent regulations. Inhance Technologies was founded in 1983 and is headquartered in Houston, Texas.

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Buyer(S) 1

Buyer

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 26 of 40
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 14 of 21
State (Texas) 4 of 5
Country (United States) 25 of 39
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 Restaurant Technologies

Mendota Heights, Minnesota, United States

Restaurant Technologies is a foodservice industry partner, proudly serving more than 32,000 quick-service and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, universities, and hospitals nationwide. The company helps make foodservice operations safer, smarter, and more efficient through cooking oil and hood and flue management solutions. It has a long history of sustainability, working with partners to provide used cooking oil as input into renewable diesel and biodiesel, creating an ESG-friendly process of recycled used cooking oil for its customers. Restaurant Technologies was formed in 1996 and is based in

Sell -

Seller(S) 1

SELLER

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 25 of 35
Sector (Plastics) 1 of 3
Type (Secondary Buyout) 12 of 16
State (Texas) 5 of 6
Country (United States) 24 of 32
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 FrontStream

Claymont, Delaware, United States

FrontStream is a provider of software and payment processing solutions that help charities and companies raise money, engage constituents and make a positive impact. FrontStream was established in 2007 and is based in Claymont, Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Meridian Adhesives Group

Charlotten, North Carolina, United States

Meridian Adhesives Group is a manufacturer of high-value adhesives and sealants technologies. Meridian Adhesives portfolio of solutions includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets. Meridian Adhesives Group was founded in 2018 and is based in Charlotte, North Carolina.

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