M&A Deal Summary

Edgewater Capital Partners, Centerfield Capital Partners and Patriot Capital Acquire Pure Wafer

On September 7, 2018, private equity firm Edgewater Capital Partners, mezzanine finance firm Centerfield Capital Partners and private equity firm Patriot Capital acquired semiconductors company Pure Wafer

Acquisition Highlights
  • This is Edgewater Capital Partners’ 1st, Centerfield Capital Partners’ 1st and Patriot Capital’s 3rd transaction in the Semiconductors sector.
  • This is Edgewater Capital Partners’ 20th, Centerfield Capital Partners’ 55th and Patriot Capital’s 84th transaction in the United States.
  • This is Edgewater Capital Partners’ 3rd, Centerfield Capital Partners’ 6th and Patriot Capital’s 9th transaction in California.

M&A Deal Summary

Date 2018-09-07
Target Pure Wafer
Sector Semiconductors
Buyer(s) Edgewater Capital Partners
Centerfield Capital Partners
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Pure Wafer

San Jose, California, United States
Pure Wafer is a provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services. Pure Wafer was founded in 2008 and is based in San Jose, California.

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Buyer(S) 3

Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 20 of 30
Sector (Semiconductors) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 15
State (California) 3 of 4
Country (United States) 20 of 29
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 PolyAd Services

Earth City, United States

PolyAd Services, Inc. is a developer and manufacturer of additive solutions for the global plastics market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 FAR Chemical

Palm Bay, Florida, United States

FAR Chemical, Inc. is a manufacture of specialty organic chemicals for customers in industries including pharmaceuticals, structural composites, CASE and foam, electronics, flavors, fragrances and personal care, catalysts, polymers and plastics. FAR Chemical, Inc. was founded in 1982 and is based in Palm Bay, Florida.

Sell -
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 55 of 78
Sector (Semiconductors) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 29 of 32
State (California) 6 of 9
Country (United States) 55 of 78
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 EMPI

Anaheim, California, United States

EMPI is a manufacturer and distributor of branded automotive aftermarket parts for vintage Volkswagen vehicles, modern Volkswagen vehicles, and other vehicle brands. EMPI is based in Anaheim, California.

Buy -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 84 of 108
Sector (Semiconductors) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 27 of 33
State (California) 9 of 12
Country (United States) 84 of 108
Year (2018) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 PPI-Time Zero

Paterson, New Jersey, United States

PPI-Time Zero, Inc. is an electronic manufacturing services provider, with product offerings in design and engineering, bare printed circuit board manufacturing, and assemblies. PPI-Time Zero was founded in 1970 and is based in Paterson, New Jersey.

Sell -