M&A Deal Summary

FXI Acquires Innocor

On March 5, 2019, FXI acquired consumer products company Innocor from Bain Capital Private Equity

Acquisition Highlights
  • This is FXI’s 1st transaction in the Consumer Products sector.
  • This is FXI’s 2nd transaction in the United States.
  • This is FXI’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-03-05
Target Innocor
Sector Consumer Products
Buyer(s) FXI
Sellers(s) Bain Capital Private Equity
Deal Type Merger
Advisor(s) Barclays Investment Bank (Financial)
Ropes & Gray (Legal)

Target

Innocor

West Long Branch, New Jersey, United States
Innocor, Inc. is a provider of consumer-driven polyurethane foam products proven to deliver comfort, relaxation, and rejuvenation. Innocor Comfort®, the consumer products division, manufactures advanced memory foam products including pillows, mattress toppers, mattresses, etc. under Sleep Innovations®, Novaform® and other brands. Innocor, Inc. was founded in 1996 and is based in West Long Branch, New Jersey.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

FXI

Radnor, Pennsylvania, United States
Category Company
Founded 1990
Sector Consumer Products
DESCRIPTION

FXI is a producer of foam products for the home, healthcare, electronics, industrial, personal care and transportation markets. Its products include finished goods, sub-assemblies, services and raw materials for OEMs, fabricators and retailers. FXI was founded in 1990 and is based in Radnor, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-10 Anatomic Global

United States

Anatomic Global is a memory foam mattress manufacturer.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 121 of 147
Sector (Consumer Products) 6 of 8
Type (Merger) 11 of 11
State (New Jersey) 5 of 6
Country (United States) 73 of 85
Year (2019) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 US Renal Care

Plano, Texas, United States

US Renal Care is a provider of outpatient treatment centers for persons suffering from chronic and acute renal disease. The company serves more than 25,000 patients in 335 dialysis facilities in 32 states and the Territory of Guam. US Renal Care was founded in 2000 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Maesa

Levallois Perret, France

Maesa is a global beauty brand incubator supplying leading retailers and beauty companies operating worldwide. Maesa designs and manufactures exclusive brands and private labels for mass, drug and specialty retailers and provide outsourcing solutions to beauty brands. In combining design, beauty merchant and production expertise under one roof, Maesa is a driving force in beauty brand incubation. Maesa was founded in 1997 and is based in Levallois Perret, France.

Buy -
Mergr

Product

Company

Legal