M&A Deal Summary

H.I.G. Private Equity and Bayside Capital Acquire Shapes/Arch Holdings

On August 8, 2008, private equity firm H.I.G. Private Equity and lender Bayside Capital acquired building materials company Shapes/Arch Holdings

Acquisition Highlights
  • This is H.I.G. Private Equity’s 4th and Bayside Capital’s 2nd transaction in the Building Materials sector.
  • This is H.I.G. Private Equity’s 61st and Bayside Capital’s 6th transaction in the United States.
  • This is H.I.G. Private Equity’s 2nd and Bayside Capital’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2008-08-08
Target Shapes/Arch Holdings
Sector Building Materials
Buyer(s) H.I.G. Private Equity
Bayside Capital
Deal Type Special Situations/Distressed
Advisor(s) SSG Capital Advisors (Financial)

Target

Shapes/Arch Holdings

Delair, New Jersey, United States
Shapes/Arch Holdings through its operating subsidiaries, is a manufacturer and distributor of a wide array of customized aluminum extrusions.

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Buyer(S) 2

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 64 of 383
Sector: Building Materials M&A 4 of 14
Type: Special Situations/Distressed M&A Deals 3 of 8
State: New Jersey M&A 2 of 7
Country: United States M&A 61 of 249
Year: 2008 M&A 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-30 Source Electronics

Hollis, New Hampshire, United States

Source Electronics Corporation is a independent provider of outsourced, custom programming services for integrated circuits. The Company is the only independent programming provider that supports its customers with a global footprint to rapidly shift production to meet the large volume requirements of multi-national customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Epic Production Technologies

Los Angeles, California, United States

Epic Production Technologies, based in Winnipeg, Canada, provides lighting and rigging solutions for rentals and production, as well as a wide selection of lighting, rigging, audio, staging and soft goods for sales and integration.

Buy -
Buyer

Bayside Capital

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Lender
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bayside Capital is the credit affiliate of mega-sized private equity firm, HIG Capital. The Firm is split into three groups, Bayside Credit Partners, Bayside Fixed Income, and Bayside Special Situations. Within its operating segments, the Firm provides a variety of equity and debt financing solutions to a variety of private and public companies. Bayside typically targets businesses with revenues in excess of $50 million and will invest $10 to $100 million per transaction. Bayside will invest in companies across a broad spectrum of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. The Firm will not invest in start-up enterprises, real estate ventures, or project finance. Although Bayside seeks to purchase a controlling interest in its portfolio companies, the firm will consider promising minority investments. Bayside prefers companies with substantial operations in the United States and Canada, but will consider opportunities in Europe. Bayside Capital has offices in Miami, Atlanta, Boston, and San Francisco.


DEAL STATS #
Overall 7 of 15
Sector: Building Materials M&A 2 of 2
Type: Special Situations/Distressed M&A Deals 1 of 3
State: New Jersey M&A 1 of 2
Country: United States M&A 6 of 9
Year: 2008 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-25 Pendum

Elmhurst, Illinois, United States

Pendum is a national independent ATM service provider for ATMs and other cash automation equipment for national and community banks, credit unions, off-premise deployers, gaming and retail establishments. Pendum draws on more than 25 years of dedicated service to the ATM industry to bring customers flexible, consultative solutions that reduce costs and improve uptime.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-16 BodyBell

Madrid, Spain

Bodybell is the largest independent chain of personal care and beauty retail in Spain. with 240 stores, Bodybell is the a good platform in a sector that continues to present opportunities for consolidation in the medium term.

Buy -