M&A Deal Summary

Chartwell Investments Entrepreneur & Founder Capital Acquires Richard Childress Racing

On January 1, 2003, private equity firm Chartwell Investments Entrepreneur & Founder Capital acquired media company Richard Childress Racing

Acquisition Highlights
  • This is Chartwell Investments Entrepreneur & Founder Capital’s 1st transaction in the Media sector.
  • This is Chartwell Investments Entrepreneur & Founder Capital’s 6th transaction in the United States.
  • This is Chartwell Investments Entrepreneur & Founder Capital’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2003-01-01
Target Richard Childress Racing
Sector Media
Buyer(s) Chartwell Investments Entrepreneur & Founder Capital
Deal Type Recapitalization

Target

Richard Childress Racing

Welcome, North Carolina, United States
Richard Childress Racing (RCR) is one of the largest and most storied organizations in NASCAR competition. RCR currently fields two teams in the NASCAR Cup Series, two teams in the NASCAR Xfinity Series, and two entries in the new eNASCAR Heat Pro League. Richard Childress Racing was founded in 1969 and is based in Welcome, North Carolina.

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Buyer(S) 1

Buyer

Chartwell Investments Entrepreneur & Founder Capital

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Chartwell Investments is a private equity firm that invests in US-based, mid-sized companies with 'strong market positions, sound business models, and meaningful growth prospects'. Areas of interest include consumer products, light manufacturing, distribution, infrastructure, natural resources, energy, building products, and business services. Chartwell seeks to invest $10 to $200 million of equity in transactions that include buyouts, recapitalization, and growth equity financings. The Firm has a special interest in solving family succession issues, intricate tax and public securities problems, as well as creating strategic partnerships. Chartwell will also consider turnaround situations or companies requiring operational improvement. Chartwell Investments was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 6 of 17
Sector (Media) 1 of 1
Type (Recapitalization) 2 of 4
State (North Carolina) 1 of 1
Country (United States) 6 of 17
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Carey

Washington, District of Columbia, United States

Carey is a provider of premium chauffeured vehicle services through a worldwide network of owned and operated companies, licensees and affiliates serving 546 cities in 60 countries. Carey provides a full range of chauffeured vehicle and logistics services, including luxury airport transport, road shows, special events, and tours.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 PPC Air Pollution Control Systems

Longview, Texas, United States

PPC Air Pollution Control Systems is a manufacturer of air pollution control equipment. PPC’s high-efficiency precipitators remove particulate matter from combustion, dryer, or furnace exhaust gas. PPC's biofilter devices produce biological solutions for the treatment of volatile organic compounds for odor control and regulatory compliance. PPC has completed over 500 installations, predominantly in North America. PPC provides its customers with a full turn-key approach assessment to design to manufacturing and installation to long-term maintenance. PPC’s customers operate primarily in the wood, glass, and paper products industries. PPC Air Pollution Control Systems was founded in 1967 and is based in Longview, Texas.

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