M&A Deal Summary

Bertram Capital Acquires Pacific Handy Cutter

On December 17, 2020, private equity firm Bertram Capital acquired manufacturer Pacific Handy Cutter from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Bertram Capital’s 2nd transaction in the Manufacturing sector.
  • This is Bertram Capital’s 28th transaction in the United States.
  • This is Bertram Capital’s 2nd transaction in California.

M&A Deal Summary
Date 2020-12-17
Target Pacific Handy Cutter
Sector Manufacturing
Buyer(s) Bertram Capital
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International
Houlihan Lokey (Financial)
Honigman (Legal)

Target

Pacific Handy Cutter

Irvine, California, United States
Pacific Handy Cutter is a designer, manufacturer, and marketer of branded razor cutting tools with enhanced safety features designed to eliminate workplace injuries and product damage in commercial backroom operations. Pacific Handy Cutter was founded in 1950 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $20 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.

DEAL STATS #
Overall 30 of 45
Sector (Manufacturing) 2 of 3
Type (Secondary Buyout) 10 of 12
State (California) 2 of 2
Country (United States) 28 of 42
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Spectrio

Tampa, Florida, United States

Spectrio is a provider of technology-enabled, customer engagement, and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging & music, and Wi-Fi marketing. Spectrio's subscription-based model is underpinned by a large, proprietary content library including 10,000+ templates and 100,000+ pieces of customized, vertical-specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse, and location-based clients. Spectrio was founded in 1986 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Safety Products

Wuppertal, Germany

Safety Products is a provider of engineered and consumable safety cutting tools that reduce employee injuries and product damage. Safety Products is based in Wuppertal, Germany.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 39 of 57
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 19 of 30
State (California) 9 of 11
Country (United States) 38 of 51
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 NMi Certin

Delft, Netherlands

NMi Certin is an independent specialist for legal metrology testing and inspection services in Europe and a trusted brand globally. NMi specializes in type approval & certification, verification & calibration, and consultancy services covering a broad range of advice on complex regulations and accreditations. NMi Certin was founded in 1937 and is based in Delft, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 Squla

Amsterdam, Netherlands

Squla is an online learning platform for secondary school students enabling them to learn words and concepts more efficiently and quicker. Squla is the main provider of additional interactive educational tools for primary school pupils. WRTS is the platform for secondary school students and helps them to prepare for tests with quizzes about words and concepts, practice tests, video, and 1 to 1 support by tutor chats. Squla was founded in 2010 and is based in Amsterdam, Netherlands.

Sell -
Mergr

Product

Company

Legal