M&A Deal Summary

TPO and DNS Capital Acquire TMS International

On August 26, 2013, family offices TPO and DNS Capital acquired business services company TMS International for 1.0B USD

Acquisition Highlights
  • This is TPO’s 1st and DNS Capital’s 1st transaction in the Business Services sector.
  • This is TPO’s and DNS Capital’s largest (disclosed) transaction.
  • This is TPO’s 1st and DNS Capital’s 1st transaction in the United States.
  • This is TPO’s 1st and DNS Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2013-08-26
Target TMS International
Sector Business Services
Buyer(s) TPO
DNS Capital
Deal Type Going Private
Deal Value 1.0B USD
Advisor(s) BofA Securities (Financial)
Kaye Scholer LLP (Legal)

Target

TMS International

Pittsburgh, Pennsylvania, United States
TMS International is a provider of outsourced steel services, including raw materials procurement, scrap management, raw materials optimization, slag processing, metal recovery and surface conditioning services to integrated steel mills, mini-mills, and foundries. TMS International was founded in 1926 and is based in Glassport, Pennsylvania.

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Buyer(S) 2

Buyer

TPO

Investor Investor Investor Investor Investor

Category Family Office
Size Large
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 11
Sector (Business Services) 1 of 2
Type (Going Private) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 11
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Hargray Communications Group

Hilton Head, South Carolina, United States

Hargray Communications Group, Inc. is a telecommunications provider serving southeastern South Carolina and northeastern Georgia. The company's operations include traditional telephone carrier services, internet services, cable television, wireless telephone, and a telephone directory publishing operation. Hargray Communications Group was founded in 1949 and is based in Hilton Head, South Carolina.

Buy -
Buyer

DNS Capital

Investor Investor Investor Investor Investor

Category Family Office
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

DNS Capital is the investment group for Gigi Pritzker, Michael Pucker and their family. The Firm looks to invest $25 to $100 million in US based companies generating $10 to $50 million of EBITDA. Sectors of interest include industrials, business services, consumer, and real estate. DNS will consider both control or minority positions. DNS is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 9
Sector (Business Services) 1 of 1
Type (Going Private) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 9
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 Soli Organic

Harrisonburg, Virginia, United States

Soli Organic provides fresh cut and living farmed herbs to the customers who supply the kitchens and tables of the American family. Soli Organic was founded in 1989 and is based in Harrisonburg, Virginia.

Buy -
Mergr

Product

Company

Legal