M&A Deal Summary

CIEL Capital Acquires FGL Precision Works

On January 1, 2016, private equity firm CIEL Capital acquired plastics company FGL Precision Works

Acquisition Highlights
  • This is CIEL Capital’s 1st transaction in the Plastics sector.
  • This is CIEL Capital’s 4th transaction in Canada.
  • This is CIEL Capital’s 4th transaction in Ontario.

M&A Deal Summary
Date 2016-01-01
Target FGL Precision Works
Sector Plastics
Buyer(s) CIEL Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

FGL Precision Works

Toronto, Ontario, Canada
FGL Precision Works provides designs, engineers, and manufactures custom plastic molds, program management, testing, maintenance and onsite technical support to ensure customers are successful in each stage of their projects. FGL Precision Works was founded in 1965 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

CIEL Capital

Investor Investor Investor Investor Investor

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

CIEL Capital is a family operated private equity firm that seeks majority investment in medium-sized niche businesses based in Canada. CIEL Capital is focused on successful companies with EBITDA of $2 to $10 million with proprietary, differentiated, or branded products and services. Industries of interest typically include business services, distribution, manufacturing, consumer products, software, and technology. Investment situations of interest include founders seeking liquidity, recapitalizations, management buyouts, and corporate divestitures. The Firm will not invest in hospitality, real estate, resource extraction, or start-up businesses. CIEL Capital was founded in 2012 and is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 5
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Ontario) 4 of 5
Country (Canada) 4 of 5
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Category 5

Burlington, Ontario, Canada

Category 5 is a format printer and install companies, servicing major brands like Pattison Outdoor, Roots, Ikea, Indigo. Category 5 was founded in 2006 and is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 CCTV Direct

Mississauga, Ontario, Canada

CCTV Direct is a distributor of video surveillance equipment and related accessories. CCTV Direct was founded in 2003 and is based in Mississauga, Ontario.

Buy -
Mergr

Product

Company

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