M&A Deal Summary

Crescent Capital Partners Acquires Metro Performance Glass

On February 29, 2012, private equity firm Crescent Capital Partners acquired building materials company Metro Performance Glass from Catalyst Investment Managers Pty.

Acquisition Highlights
  • This is Crescent Capital Partners’ 2nd transaction in the Building Materials sector.
  • This is Crescent Capital Partners’ 1st transaction in New Zealand.

M&A Deal Summary

Date 2012-02-29
Target Metro Performance Glass
Sector Building Materials
Buyer(s) Crescent Capital Partners
Sellers(s) Catalyst Investment Managers Pty.
Deal Type Secondary Buyout

Target

Metro Performance Glass

Auckland , New Zealand
Metro Performance Glass is a processor and distributor of customized value-added glass products for the New Zealand building and construction industry. Metro Performance Glass was founded in 1987 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Crescent Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Crescent Capital Partners is a private equity firm focused on mid-sized company investments in Australia and New Zealand. The Firm does not have any sector preferences and looks to be a 'hands on' investor in assisting portfolio companies with strategy and operation support. Crescent Capital is based in Sydney.


DEAL STATS #
Overall 10 of 15
Sector: Building Materials M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 2
Country: New Zealand M&A 1 of 1
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-17 LPL Financial

San Diego, California, United States

LPL Financial is the exclusive provider of investment advisory, marketing, administrative, distribution and information systems services to the largest independent financial advisor network in the United States. LPL Financial was founded in 1989 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Double E

West Bridgewater, Massachusetts, United States

Double E is a manufacturer of highly-engineered components for web converting applications. The company's product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters, and roll movers. These products secure, straighten, apply tension, cut, and move rolled raw materials through continuous manufacturing processes. Double E was established in 1972 and is headquartered in West Bridgewater, Massachusetts.

Sell -

Seller(S) 1

SELLER

Catalyst Investment Managers Pty.

Sydney, Australia

Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Catalyst Investment Managers Pty. Ltd. is a large Australian private equity firm that invests in businesses valued between A$100 and A$500 million. Catalyst is a generalist investor and will consider opportunities throughout Australia and New Zealand. Target businesses generally exhibit market leadership, consistent cash-flows, organic growth potential, and strong management. Catalyst Investment Managers was established in 1989 and is based in Melbourne.


DEAL STATS #
Overall 5 of 10
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
Country: New Zealand M&A 2 of 2
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-21 Bhagwan Marine

Perth, Australia

Bhagwan Marine is a Marine Solutions provider operating in the Oil & Gas, Resources, Civil Construction, Marine Logistics, and Defence industries. Bhagwan Marine was founded in 1998 and is based in Perth, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Aperio Group Pty.

Nunawading, Australia

Aperio Group is Australasia’s leading manufacturer of flexible packaging products with manufacturing operations across Australia, New Zealand and Asia. Aperio utilises a range of technologies to produce innovative packaging solutions for blue-chip customers in the food, beverage, agricultural and industrial sectors.

Sell $238M