M&A Deal Summary |
|
|---|---|
| Date | 2019-06-14 |
| Target | CPP |
| Sector | Aerospace |
| Buyer(s) |
Bratenahl Capital Partners
Berkshire Partners Warburg Pincus |
| Sellers(s) |
Bratenahl Capital Partners
Blue Point Capital Partners Warburg Pincus American Capital Audax Private Debt |
| Deal Type | Recapitalization |
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| Category | Family Office |
|---|---|
| Founded | 2003 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 35 |
| Sector (Aerospace) | 4 of 4 |
| Type (Recapitalization) | 2 of 2 |
| State (Ohio) | 11 of 11 |
| Country (United States) | 30 of 30 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-14 |
Stancor Pumps
Monroe, Connecticut, United States Stancor, Inc. is a designer and manufacturer of electric submersible pumps, controls and related replacement parts and accessories for critical heavy industrial applications in the mining, utility, commercial construction and wastewater industries. Stancor Pumps was founded in 1985 and is based in Monroe, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-14 |
Avtron Aerospace
Cleveland, Ohio, United States Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 80 of 100 |
| Sector (Aerospace) | 2 of 2 |
| Type (Recapitalization) | 21 of 23 |
| State (Ohio) | 2 of 3 |
| Country (United States) | 70 of 88 |
| Year (2019) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-08 |
IVC Evidensia
Bristol , United Kingdom IVC Evidensia is a diversified vet services platform, an extensive network of clinics/hospitals, and comprehensive pet e-commerce and telemedicine offerings. IVC Evidensia was founded in 2011 and is based in Bristol, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Vi-Jon Laboratories
St. Louis, Missouri, United States Vi-Jon Laboratories is a manufacturer of private label personal care products in the U.S. The Company produces private label products across a broad range of personal care categories including mouthwash, soaps, hand sanitizers, first aid, baby care, and hair care. Vi-Jon Laboratories was founded in 1908 and is based in St. Louis, Missouri. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 403 of 482 |
| Sector (Aerospace) | 5 of 5 |
| Type (Recapitalization) | 6 of 7 |
| State (Ohio) | 6 of 8 |
| Country (United States) | 193 of 237 |
| Year (2019) | 12 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-14 |
Aion Bank
Brussels, Belgium Aion Bank is an European digital bank operating on a cloud-native IT platform that provides banking services to retail and SME customers via two channels. Aion Bank is based in Brussels, Belgium. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-24 |
Jinxin Fertility
Chengdu, China Jinxin Fertility is an international professional services organization in the field of assisted reproductive technology. The company builds a multidisciplinary and cross-regional reproductive health service system with advanced Gynecology and Obstetrics technology. Jinxin Fertility was founded in 1951 and is based in Chengdu, China. |
Sell | - |
| Category | Family Office |
|---|---|
| Founded | 2003 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 26 |
| Sector (Aerospace) | 2 of 3 |
| Type (Recapitalization) | 2 of 2 |
| State (Ohio) | 6 of 7 |
| Country (United States) | 18 of 22 |
| Year (2019) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-14 |
Stancor Pumps
Monroe, Connecticut, United States Stancor, Inc. is a designer and manufacturer of electric submersible pumps, controls and related replacement parts and accessories for critical heavy industrial applications in the mining, utility, commercial construction and wastewater industries. Stancor Pumps was founded in 1985 and is based in Monroe, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-14 |
Avtron Aerospace
Cleveland, Ohio, United States Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 1.9B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 36 |
| Sector (Aerospace) | 3 of 3 |
| Type (Recapitalization) | 1 of 1 |
| State (Ohio) | 8 of 8 |
| Country (United States) | 28 of 33 |
| Year (2019) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-02 |
TAS Environmental Services
Forest Hill, Texas, United States TAS Environmental Services is a provider of environmental, industrial cleaning, emergency response, waste transportation services and solutions for businesses and communities. TAS Environmental Services was founded in 2004 and is based in Forest Hill, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-20 |
VRC Holdings
Milwaukee, Wisconsin, United States VRC Holdings is a designer and manufacturer of mission-critical seals, wiring grommets, tubing and molded thermoplastics primarily for the aerospace & defense, automotive, industrial, oil & gas, marine, and medical end markets. VRC Holdings is based in Milwaukee, Wisconsin. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 186 of 251 |
| Sector (Aerospace) | 3 of 4 |
| Type (Recapitalization) | 4 of 4 |
| State (Ohio) | 3 of 4 |
| Country (United States) | 108 of 137 |
| Year (2019) | 14 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-14 |
Aion Bank
Brussels, Belgium Aion Bank is an European digital bank operating on a cloud-native IT platform that provides banking services to retail and SME customers via two channels. Aion Bank is based in Brussels, Belgium. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-24 |
Jinxin Fertility
Chengdu, China Jinxin Fertility is an international professional services organization in the field of assisted reproductive technology. The company builds a multidisciplinary and cross-regional reproductive health service system with advanced Gynecology and Obstetrics technology. Jinxin Fertility was founded in 1951 and is based in Chengdu, China. |
Sell | - |
| 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 | 191 of 194 |
| Sector (Aerospace) | 5 of 5 |
| Type (Recapitalization) | 4 of 4 |
| State (Ohio) | 10 of 11 |
| Country (United States) | 183 of 186 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-01 |
TestAmerica Environmental Services
North Canton, Ohio, United States TestAmerica Environmental Services LLC is the largest provider of outsourced laboratory testing services in several of the most attractive niche segments within the $10 billion non-clinical outsourced laboratory testing services market. Company headquartered in Asheville, North Carolina. |
Sell | $175M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-29 |
Unison
Dulles, Virginia, United States Unison is a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. All software development and support are done within the USA. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Unison was founded in 1983 and is based in Dulles, Virginia. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 51 |
| Sector (Aerospace) | 1 of 1 |
| Type (Recapitalization) | 4 of 4 |
| State (Ohio) | 6 of 8 |
| Country (United States) | 44 of 51 |
| Year (2019) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-27 |
CPS
Dublin, Ohio, United States CPS is a provider of outsourced pharmacy services to hospitals and integrated health systems. CPS offers a suite of services, information technology and data informatics, including pharmacy management, technology-based tools and data analytics. CPS was founded in 1971 and is based in Dublin, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-13 |
Sunless
Macedonia, Ohio, United States Sunless is a manufacturer of spray tanning booths, innovative airbrush equipment, proprietary solutions, and professional-grade retail products for the sunless tanning segment of the indoor tanning industry. Sunless is based in Macedonia, Ohio. |
Sell | - |
