M&A Deal Summary

Cisneros Group of Companies Acquires Weld Racing

On January 26, 2017, Cisneros Group of Companies acquired automotive company Weld Racing from Granite Creek Partners

Acquisition Highlights
  • This is Cisneros Group of Companies’ 1st transaction in the Automotive sector.
  • This is Cisneros Group of Companies’ 1st transaction in the United States.
  • This is Cisneros Group of Companies’ 1st transaction in Missouri.

M&A Deal Summary

Date 2017-01-26
Target Weld Racing
Sector Automotive
Buyer(s) Cisneros Group of Companies
Sellers(s) Granite Creek Partners
Deal Type Add-on Acquisition

Target

Weld Racing

Kansas City, Missouri, United States
Weld Racing LLC is a manufacturer of aluminum wheels for performance automotive enthusiasts and the competitive auto racing industry.

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Buyer(S) 1

Buyer

Cisneros Group of Companies

Caracas, Venezuela

Category Company
Sector Media
DESCRIPTION

Cisneros is a global media and entertainment leader focused on the vibrant and fast-growing Hispanic market.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Granite Creek Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Granite Creek Partners is a Midwest US-based private equity firm focused on acquiring and investing in mid-sized companies operating in the manufacturing, distribution, business services, healthcare, and food sectors. The Firm looks to commit $7 to $25 million per transaction and can invest across the capital structure, including control/minority equity, mezzanine debt, senior secured debt, and debtor-in-possession loans. Granite Creek Partners was formed in 2005 and is based in Chicago.


DEAL STATS #
Overall 7 of 10
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Missouri) 1 of 1
Country (United States) 6 of 9
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Life Spine

Huntley, Illinois, United States

Life Spine is a medical device company that makes specialized, proprietary medical devices used in spinal surgeries. Its main products include implants, screws, cages, tools, and biologics used in spinal fusion and other minimally invasive spine surgeries. Life Spine is focused on providing innovative solutions to more effectively resolve spine-related pain, shorten the length of operations, and cut down on patient recovery time. Life Spine was founded in 2004 and is based in Huntley, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Cyalume

West Springfield, Massachusetts, United States

Cyalume is a designer, developer, and producer of extremely reliable chemical and electronic lights for safety and security applications. Cyalume’s products provide sources of light in emergency situations and for general safety purposes. Cyalume was founded in 1997 and is based in West Springfield, Massachusetts.

Sell $45M