M&A Deal Summary

GarMark Partners and Alcentra Capital Acquire Nudo Products

On April 23, 2008, mezzanine finance firms GarMark Partners and Alcentra Capital acquired building materials company Nudo Products

Acquisition Highlights
  • This is GarMark Partners’ 1st and Alcentra Capital’s 1st transaction in the Building Materials sector.
  • This is GarMark Partners’ 10th and Alcentra Capital’s 25th transaction in the United States.
  • This is GarMark Partners’ 2nd and Alcentra Capital’s 1st transaction in Illinois.

M&A Deal Summary

Date 2008-04-23
Target Nudo Products
Sector Building Materials
Buyer(s) GarMark Partners
Alcentra Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Nudo Products

Springfield, Illinois, United States
Nudo Products is a custom manufacturers of laminated panels and accessories used in agriculture, telecom, signage, decking, industrial furniture and architectural applications. Nudo laminates wood, plastic, metal, fiberglass, nylon and polycarbonate in a variety of colors and dimensions. Nudo Products was founded in 1954 and is based in Springfield, Illinois.

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Buyer(S) 2

Buyer

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 12 of 34
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 10
State (Illinois) 2 of 4
Country (United States) 10 of 32
Year (2008) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-23 Carey

Washington, District of Columbia, United States

Carey is a provider of premium chauffeured vehicle services through a worldwide network of owned and operated companies, licensees and affiliates serving 546 cities in 60 countries. Carey provides a full range of chauffeured vehicle and logistics services, including luxury airport transport, road shows, special events, and tours.

Sell $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-19 Stant

Connersville, Indiana, United States

Stant is a designer, manufacturer and distributor of automotive and industrial products including fuel caps, radiator and oil filler caps, thermostats, fuel vapor recovery systems and carbon canisters. The company sells products globally to original equipment manufacturers as well as to the aftermarket. Stant was founded in 1910 and is based in Connersville, Indiana.

Buy -
Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


DEAL STATS #
Overall 26 of 52
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Illinois) 1 of 1
Country (United States) 25 of 50
Year (2008) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Atwood Mobile Products

Elkhart, Indiana, United States

Atwood Mobile Products, is a provider of gas appliances, windows, doors, electronics and hardware to the Recreational Vehicle (RV) industry.

Buy $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-16 EB Brands

Yonkers, New York, United States

EB Brands is a designer and merchandiser of branded products for the handheld exercise, personal fitness monitoring, travel accessory, and gift markets. EB Brands was founded in 1980 and is based in Yonkers, New York.

Buy -