Investment Summary

Audax Private Equity, NexPhase Capital, Cloquet Capital Partners and Arrowhead Investment Management Exits Quest Specialty Chemicals

On August 25, 2015, invested in chemicals company Quest Specialty Chemicals from Audax Private Equity, NexPhase Capital, Cloquet Capital Partners and Arrowhead Investment Management

Investment Highlights
  • This is transaction in the Chemicals sector.
  • This is transaction in the United States.
  • This is transaction in South Carolina.

Investment Summary

Date 2015-08-25
Target Quest Specialty Chemicals
Sector Chemicals
Sellers(s) Audax Private Equity
NexPhase Capital
Cloquet Capital Partners
Arrowhead Investment Management
Deal Type Stake Sale

Target

Quest Specialty Chemicals

Charleston, South Carolina, United States
Quest Specialty Chemicals is a specialty chemicals and coatings business. QSC is engaged in the formulation, manufacturing, and marketing of coatings designed to repair, restore, and preserve the assets of our customers. Quest Specialty Chemicals is based in Charleston, South Carolina.

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Seller(S) 4

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 40 of 109
Sector: Chemicals M&A 1 of 5
Type: Stake Sale M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 38 of 103
Year: 2015 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Katena

Parsippany, New Jersey, United States

Katena is a provider of precision ophthalmic instruments and therapeutics to physician offices, hospitals, and surgical centers. Katena’s product offering includes precision surgical instruments, single-use devices, and specialty biologics that are sold into over 100 countries through a network of direct salespeople and distributors. Katena was founded in 1975 and is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Peak Toolworks

Jasper, Indiana, United States

Peak Toolworks manufactures and provides service for state-of-the-art multifaceted carbide and diamond tipped cutters to the woodworking, building materials, and metal sawing industry. Peak Toolworks was founded in 1941 and is based in Jasper, Indiana.

Buy -
SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Moelis Capital Partners (MCP) is the private equity investment arm of investment bank Moelis & Company. MCP targets growth equity and control buyouts requiring equity investments of $25 to $75 million. Moelis has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. Moelis Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 4 of 24
Sector: Chemicals M&A 1 of 1
Type: Stake Sale M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 4 of 23
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Hexure

Colorado Springs, Colorado, United States

Hexure provides innovative sales and regulatory automation solutions to the insurance and financial services industries. The company’s core product, ForeSight, is an established, industry-leading point-of-sale illustration product for multiple lines of business including life and annuities. The company also offers a fast-growing, feature-rich SaaS e-application product, FireLight, which expedites the application data collection process with an intuitive user interface. Both products serve to automate and improve the sales process and increase the revenue of retirement and insurance products offered by some of the most established financial institutions in the country. Hexure was formed in 1995 and is based in Colorado Springs, Colorado

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Flexible Architecture and Simplified Technology

Iselin, New Jersey, United States

Flexible Architecture and Simplified Technology LLC (FAST) is a provider of core software solutions including policy administration, new business, underwriting, distribution management and claims processing to the insurance industry.

Buy -
SELLER

Cloquet Capital Partners

New Canaan, Connecticut, United States

Investor Investor Investor


Category Venture Capital Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cloquet Capital Partners is a private investment firm focused on early to growth stage company investing. Areas of interest include IT services, value-added manufacturing, distribution, and business services. Cloquet looks to commit up to $5OOK per transaction. Cloquet Capital Partners was formed in 2003 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 13 of 13
Sector: Chemicals M&A 2 of 2
Type: Stake Sale M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 13 of 13
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 MSA Aircraft Products

San Antonio, Texas, United States

MSA Aircraft Products, Inc. is a designer, manufacturer and provider of highly engineered window systems and associated composite components for use in Business Jet aircraft, as well as in new applications in the 1st Class Commercial aircraft segment of the aerospace industry. The company provides an extensive suite of patented products, comprehensive services and support to aircraft OEMs, completion centers and dealers worldwide.

Sell -
SELLER

Arrowhead Investment Management

Greenwich, Connecticut, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1996
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Arrowhead Investment Management is a provider of subordinated debt, preferred stock and non-control common equity to mid-sized businesses. Arrowhead invests alongside private equity sponsors in acquisitions, buyouts, recapitalizations and growth capital transactions. Arrowhead is a generalist investor, however the Firm tends to focus on healthcare, packaging, chemicals, consumer products, industrial manufacturing, value-added distribution and business services. Arrowhead looks to commit $10 to $100 million in transactions valued up to $500 million. Arrowhead Investment Management was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 21 of 24
Sector: Chemicals M&A 2 of 2
Type: Stake Sale M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 21 of 24
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 C.H.I. Overhead Doors

Arthur, Illinois, United States

C.H.I. Overhead Doors is a manufacturer and marketer of overhead garage doors in North America. The Company manufactures a complete portfolio of overhead sectional garage door products for both the residential and commercial markets, as well as rolling steel doors for commercial and industrial applications. C.H.I. Overhead Doors was founded in 1981 and is based in Arthur, Illinois.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Hoffmaster Group

Oshkosh, Wisconsin, United States

Hoffmaster Group is a designer, manufacturer and supplier of decorated, premium disposable tableware (including napkins, plates, tablecovers and placemats) sold to major consumer retail and foodservice customers. Hoffmaster Group was founded in 1947 and is based in Oshkosh, Wisconsin.

Sell -