M&A Deal Summary

Goldman Sachs Merchant Banking and Industrial Opportunity Partners Acquire Transcendia

On May 31, 2017, private equity firms Goldman Sachs Merchant Banking and Industrial Opportunity Partners acquired plastics company Transcendia from TJC

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 2nd and Industrial Opportunity Partners’ 1st transaction in the Plastics sector.
  • This is Goldman Sachs Merchant Banking’s 99th and Industrial Opportunity Partners’ 21st transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 7th and Industrial Opportunity Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2017-05-31
Target Transcendia
Sector Plastics
Buyer(s) Goldman Sachs Merchant Banking
Industrial Opportunity Partners
Sellers(s) TJC
Deal Type Secondary Buyout

Target

Transcendia

Franklin Park, Illinois, United States
Transcendia is a converter and distributor of synthetic films in North America. It provides specialized manufacturing and converting services including liquid and extrusion coating, select sheet extrusion, and a wide-range of precision converting including slitting, sheeting, magnetic striping, security and specialty printing. Transcendia is based in Franklin Park, Illinois.

Search 204,883 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) 2

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 140 of 189
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 45 of 68
State (Illinois) 7 of 9
Country (United States) 99 of 130
Year (2017) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Information Builders

New York, New York, United States

Information Builders is a provider of solutions for business intelligence (BI), analytics, data integration, and data quality that help drive performance improvements, innovation, and value. Information Builders was established in 1975 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CIBT

Washington, District of Columbia, United States

CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in Washington DC.

Buy -
Buyer

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 23 of 36
Sector (Plastics) 1 of 2
Type (Secondary Buyout) 5 of 6
State (Illinois) 1 of 3
Country (United States) 21 of 34
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-26 KIC

Vancouver, Washington, United States

KIC LLC is a provider of wheel-end components for medium and heavy-duty trucks and trailers. KIC supplies brake drums, rotors, hub & drum assemblies, steel wheels and aluminum wheels to both original equipment manufacturers and aftermarket distributors. KIC designs and tests its own products and partners with contract manufacturers located throughout the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Kuss Filtration

Bloomer, Washington, United States

Kuss Filtration, Inc. is a provider of light duty automotive and industrial filtration solutions serving original equipment manufacturer customers in the automotive, industrial equipment, materials handling, lawn and garden, agricultural and motorcycle industries.

Sell -

Seller(S) 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 37 of 58
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 14 of 29
State (Illinois) 4 of 6
Country (United States) 36 of 56
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Invo Healthcare

Tampa, Pennsylvania, United States

Invo HealthCare is a provider of outsourced clinical services for special needs children in 23 states. It operates through two divisions that serve the needs of preschool children (3-5) and school age children (K-12). In addition Invo’s early intervention division provides service delivery to children from birth to 3 years. Invo Healthcare was founded in 1993 and is based in Tampa, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-30 Odyssey Logistics

Danbury, Connecticut, United States

Odyssey Logistics is a provider of multi-modal transportation solutions and outsourced transportation management. Odyssey specializes in shipping chemicals, metals and bulk liquids, and can serve all modes of transportation through operations in North America, Europe and Asia. Odyssey Logistics was founded in 2003 and is based in Danbury, Connecticut.

Buy -