M&A Deal Summary

Centerbridge Partners Acquires KIK Consumer Products

On August 1, 2015, asset manager Centerbridge Partners acquired building materials company KIK Consumer Products from CI Capital Partners

Acquisition Highlights
  • This is Centerbridge Partners’ 1st transaction in the Building Materials sector.
  • This is Centerbridge Partners’ 19th transaction in the United States.
  • This is Centerbridge Partners’ 2nd transaction in Georgia.

M&A Deal Summary

Date 2015-08-01
Target KIK Consumer Products
Sector Building Materials
Buyer(s) Centerbridge Partners
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout

Target

KIK Consumer Products

Lawrenceville, Georgia, United States
KIK Consumer Products is an independent manufacturer in household products and a global leader in pool and spa treatment and automotive products. KIK Consumer Products was founded in 1993 and is based in Lawrenceville, Georgia.

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Buyer(S) 1

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2005
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 22 of 49
Sector (Building Materials) 1 of 2
Type (Secondary Buyout) 13 of 28
State (Georgia) 2 of 2
Country (United States) 19 of 40
Year (2015) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 KAG

North Canton, Ohio, United States

KAG provides transportation and logistics services to the fuel, chemical, liquid food and merchant gas sectors in the U.S. and Canada. KAG was founded in 1997 and is based in North Canton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-27 KIK Custom Products

Concord, Ontario, Canada

KIK Custom Products develops and markets pool and spa treatment products and is one of North America's largest independent manufacturers of household and personal care products.

Buy -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 13 of 28
Sector (Building Materials) 2 of 2
Type (Secondary Buyout) 5 of 15
State (Georgia) 1 of 1
Country (United States) 11 of 25
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Interactive Health Solutions

Schaumburg, Illinois, United States

Interactive Health Solutions (IHS) is a provider of comprehensive corporate health management and preventive wellness programs. Its services and tools use biometric data and a health risk assessment to evaluate employees’ personal health levels and develop customized programs with specific improvement goals for individual employees. Interactive Health Solutions was founded in 1992 and is based in Schaumburg, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-27 KIK Custom Products

Concord, Ontario, Canada

KIK Custom Products develops and markets pool and spa treatment products and is one of North America's largest independent manufacturers of household and personal care products.

Sell -