Buyout (LBO, MBO, MBI) • Environmental

CIC Partners Acquires Darling Ingredients

On January 1, 1986, private equity firm CIC Partners acquired environmental company Darling Ingredients for 90M USD

Acquisition Context
  • This is CIC Partners’ 1st transaction in the Environmental sector.
  • This is CIC Partners’ largest (disclosed) transaction.
  • This is CIC Partners’ 1st transaction in the United States.
  • This is CIC Partners’ 1st transaction in Texas.
Investment Fate
  • Darling Ingredients was recapitalized in 1990 for 180M USD.

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M&A Deal Summary

Date January 1, 1986
Target Darling Ingredients
Sector Environmental
Buyer(s) CIC Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 90M USD

Target Company

Darling Ingredients

Irwing, Texas, United States
Darling Ingredients is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries. Darling Ingredients was incorporated in 1882 and is based in Irving, Texas.
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Buyer Overview 1

Buyer

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


Deal Context for Buyer #
Overall 1 of 45
Sector: Environmental 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 15
State: Texas 1 of 26
Country: United States 1 of 44
Year: 1986 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1987-01-01 Populus Financial Group

Irving, Texas, United States

Populus Financial Group is a retailer of financial services, including check cashing, short-term consumer loans and bill payment services, and the largest owner, operator, and franchisor of check cashing stores in the United States. Populus Financial Group was formed in 1968 and is based in Irving, Texas.

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