M&A Deal Summary

Cerberus Capital Management Acquires Electrical Components International

On April 26, 2018, asset manager Cerberus Capital Management acquired electrical equipment company Electrical Components International from KPS Capital Partners

Acquisition Highlights
  • This is Cerberus Capital Management’s 1st transaction in the Electrical Equipment sector.
  • This is Cerberus Capital Management’s 41st transaction in the United States.
  • This is Cerberus Capital Management’s 1st transaction in Missouri.

M&A Deal Summary
Date 2018-04-26
Target Electrical Components International
Sector Electrical Equipment
Buyer(s) Cerberus Capital Management
Sellers(s) KPS Capital Partners
Deal Type Secondary Buyout

Target

Electrical Components International

Creve Coeur, Missouri, United States
Electrical Components International is a manufacturer of wire harnesses and value-added assembly services for consumer appliance and specialty-industrial applications. Electrical Components International was established in 1953 and is based in Creve Coeur, Missouri.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 60 of 88
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 9 of 15
State (Missouri) 1 of 1
Country (United States) 41 of 64
Year (2018) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 MBI Energy Services

Belfield, North Dakota, United States

MBI Energy Services, Inc. is a provider of oilfield services in the Williston Basin of North Dakota and Montana. The company provides services that address the fluid management and related transportation needs for the entire life of an oil well. MBI Energy Services was founded in 1979 and is based in Belfield, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Worldwide Flight Services

Roissy, France

Worldwide Flight Services is a provider of ground services at over 60 major airports. WFS provides ramp, passenger, cargo, and technical services for more than 200 domestic and international airlines, including American, Continental, British Airways, Cathay Pacific, and Korean Airlines. Worldwide Flight Services was founded in 1984 and is based in Roissy, France.

Buy -

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 22 of 34
Sector (Electrical Equipment) 3 of 3
Type (Secondary Buyout) 8 of 11
State (Missouri) 2 of 3
Country (United States) 19 of 28
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 American & Efird

Mount Holly, North Carolina, United States

American & Efird is a manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. Producers of apparel, automotive components, home furnishings, medical supplies, footwear and a diverse range of industrial products rely on A&E industrial sewing thread to manufacture their products. Customers select A&E as the preferred choice for industrial sewing thread, embroidery thread and technical textiles because of A&E’s dedication to providing its customers with the finest products and services, at the highest quality, delivered globally. Through its global network, A&E’s products are manufactured in 21 countries, distributed in 50 countries and sold in over 100 countries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 Autokiniton

New Boston, Michigan, United States

Autokiniton is a North American supplier of propulsion-agnostic, structural automotive components and assemblies. Its vertical integration capabilities allow it to offer its customers end-to-end engineering, manufacturing, and in-house logistics.

Buy -
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