Investment Summary

EG Capital Group Exit Water Pik

On July 9, 2013, private equity firm MidOcean Partners and family office Vulcan Capital invested in consumer products company Water Pik from EG Capital Group

Investment Highlights
  • This is MidOcean Partners’ 8th and Vulcan Capital’s 1st transaction in the Consumer Products sector.
  • This is MidOcean Partners’ 29th and Vulcan Capital’s 27th transaction in the United States.
  • This is MidOcean Partners’ 1st and Vulcan Capital’s 2nd transaction in Colorado.
Investment Fate
  • Water Pik was sold to a publicly-traded strategic buyer in 2017 for 1.0B USD.

Investment Summary

Date 2013-07-09
Target Water Pik
Sector Consumer Products
Investor(s) MidOcean Partners
Vulcan Capital
Sellers(s) EG Capital Group
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Boies Schiller Flexner (Legal)

Target

Water Pik

Fort Collins, Colorado, United States
Water Pik, Inc. is a marketer and supplier of branded consumer and professional oral health products, replacement showerheads and sinus health products. Water Pik was founded in 1962 and is based in Fort Collins, Colorado.

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Investor(S) 2

Investor

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 34 of 61
Sector: Consumer Products M&A 8 of 14
Type: Secondary Buyout M&A Deals 12 of 25
State: Colorado M&A 1 of 2
Country: United States M&A 29 of 56
Year: 2013 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-03 Noranco

Pickering, Ontario, Canada

Noranco is a diversified manufacturer and supplier of high quality metal parts and assemblies to the aerospace industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Bushnell

Overland Park, Kansas, United States

Bushnell, Inc. is a designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Bushnell offers a broad portfolio of high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast.

Sell $985M
Investor

Vulcan Capital

Seattle, Washington, United States

Investor


Category Family Office
Founded 1986
Size Mega
Type Sector Agnostic
DESCRIPTION

Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Sectors of interest include business services, consumer products, distribution and logistics, energy and natural resources, financial services and insurance, healthcare, manufacturing, media, technology, and telecom. The Firm's target investment size is $10 to $100 million. In addition to direct investing, Vulcan Capital also makes fund investments as well as invests in public securities. Vulcan Inc. was formed in 1986 and has offices in Seattle, Washington and Palo Alto, California.


DEAL STATS #
Overall 28 of 34
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 6
State: Colorado M&A 2 of 2
Country: United States M&A 27 of 30
Year: 2013 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-20 PTC Therapeutics

South Plainfield, New Jersey, United States

PTC Therapeutics is a biopharmaceutical company focused on the discovery, development and commercialization of orally administered, proprietary small molecule drugs targeting an area of RNA biology we refer to as post-transcriptional control. PTC Therapeutics was founded in 1998 and is based in South Plainfield, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Zuora

Redwood City, California, United States

Zuora is a global SaaS platform powering subscription-based business models. Zuora's applications are designed to automate billing, commerce, and finance operations for companies providing subscription-based services. Zuora was founded in 2006 and is based in Redwood City, California.

Buy -

Seller(S) 1

SELLER

EG Capital Group

New York, New York, United States

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Focused
DESCRIPTION

EG Capital Group LLC is a private equity firm focused on buyouts, and growth capital financings for small and medium-sized companies in the US and Canada. EG Capital targets established, profitable businesses, primarily in the consumer products sector. Specific areas of interest include food, beverage, personal care and household products, retail and restaurants. EG also considers opportunities in select media companies. EG Capital was formed in 2003 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-20 Water Pik

Fort Collins, Colorado, United States

Water Pik, Inc. is a marketer and supplier of branded consumer and professional oral health products, replacement showerheads and sinus health products. Water Pik was founded in 1962 and is based in Fort Collins, Colorado.

Buy -