M&A Deal Summary

C-P Flexible Packaging Acquires Flexo Transparent

On March 14, 2019, C-P Flexible Packaging acquired packaging company Flexo Transparent from Sidereal Capital Group and ORIX Private Equity Solutions

Acquisition Highlights
  • This is C-P Flexible Packaging’s 1st transaction in the Packaging sector.
  • This is C-P Flexible Packaging’s 2nd transaction in the United States.
  • This is C-P Flexible Packaging’s 1st transaction in New York.

M&A Deal Summary
Date 2019-03-14
Target Flexo Transparent
Sector Packaging
Buyer(s) C-P Flexible Packaging
Sellers(s) Sidereal Capital Group
ORIX Private Equity Solutions
Deal Type Add-on Acquisition
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)

Target

Flexo Transparent

Buffalo, New York, United States
Flexo Transparent, Inc. provides multi-colored flexible packaging including custom-printed rollstock, bags, pouches, and sleeves primarily for food grade and retail consumer products with a focus on private label accounts with short to medium-sized production runs. Flexo Transparent, Inc. was founded in 1954 and is based in Buffalo, New York.

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Buyer(S) 1

Buyer

C-P Flexible Packaging

York, Pennsylvania, United States
Category Company
Founded 1961
Sector Packaging
DESCRIPTION

C-P Flexible Packaging is a flexible packaging company serving stable food and consumer end-markets mainly focused on snacks, baked goods, confections and household chemicals. C-P provides converted and printed rollstock, stretch & shrink sleeves, and pouches to blue chip customers on a regional and national basis. C-P Flexible Packaging was founded in 1961 and is based in York, Pennsylvania.

DEAL STATS #
Overall 2 of 7
Sector (Packaging) 1 of 6
Type (Add-on Acquisition) 2 of 6
State (New York) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 MRI Flexible Packaging Company

Newtown, Pennsylvania, United States

MRI Flexible Packaging Company MRI offers label design/application solutions to customers nationwide from 2 locations in PA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-19 Genpak Flexible

Aurora, Ontario, Canada

Genpak Flexible is a provider of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. Genpak Flexible was founded in 1959 and is based in Aurora, Ontario.

Buy -

Seller(S) 2

SELLER

Sidereal Capital Group

Summit, New Jersey, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Sidereal Capital Group is a private equity firm that invests in small and lower middle-market companies operating within niche segments of the specialty manufacturing, industrial services, business services, and information services sectors. The Firm pursues profitable companies with $3 to $10 million in EBITDA and will consider opportunities throughout North America. Prospective transaction situations include family-owned companies, corporate carve-outs, recapitalizations, and consolidations. Sidereal Capital Group was formed in 2012 and is based in Summit, New Jersey.

DEAL STATS #
Overall 2 of 3
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 2 of 3
Country (United States) 2 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-20 Qwinstar

St. Paul, Minnesota, United States

Qwinstar provides parts, supplies, implementation, and maintenance services for a comprehensive portfolio of client solutions including cash automation, intelligent safes, bank branch automation, remittance processing, printing, and high-speed document imaging equipment. Qwinstar is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 VanDeMark

Lockport, New York, United States

VanDeMark is a provider of specialty and custom chemicals focusing on phosgene production and phosgene-related chemistry. These products are used in pharmaceuticals, agricultural chemicals, polymers, sealants, coatings, and biocides. VanDeMark was founded in 1951 and is based in Lockport, New York.

Sell -
SELLER

ORIX Private Equity Solutions

Investor

Category Mezzanine Finance Firm
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.

DEAL STATS #
Overall 9 of 21
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 7 of 12
State (New York) 1 of 1
Country (United States) 7 of 19
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 WhiteHat

San Jose, California, United States

WhiteHat is a provider of on-demand website and web application security software delivered as a service. WhiteHat's cloud website vulnerability management platform and leading security engineers turn verified security intelligence into actionable insights for customers. WhiteHat was founded in 2001 and is based in Santa Clara, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 LCR Contractors

Hutto, Texas, United States

LCR Contractors specializes in providing spray applied to fireproof and spray thermal insulation services to commercial and residential construction projects. LCR Contractors was founded in 1984 and is based in Hutto, Texas.

Buy -
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