M&A Deal Summary

Hancock Park Associates and Next Point Capital Acquire Sheffield Manufacturing

On July 13, 2013, private equity firms Hancock Park Associates and Next Point Capital acquired aerospace company Sheffield Manufacturing

Acquisition Highlights
  • This is Hancock Park Associates’ 3rd and Next Point Capital’s 1st transaction in the Aerospace sector.
  • This is Hancock Park Associates’ 11th and Next Point Capital’s 1st transaction in the United States.
  • This is Hancock Park Associates’ 4th and Next Point Capital’s 1st transaction in California.

M&A Deal Summary

Date 2013-07-13
Target Sheffield Manufacturing
Sector Aerospace
Buyer(s) Hancock Park Associates
Next Point Capital
Deal Type Recapitalization
Advisor(s) Salem Partners (Financial)

Target

Sheffield Manufacturing

Sun Valley, California, United States
Sheffield Manufacturing is a provider of precision machining, sheet metal, and welding products to the aerospace industry. Sheffield Manufacturing was founded in 1951 and is based in Sun Valley, California.

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Buyer(S) 2

Buyer

Hancock Park Associates

Los Angeles, California, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 412M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hancock Park Associates (HPA) is a private equity firm that targets control investments in small to middle-market companies. HPA seeks to acquire interests in companies with annual revenues between $25 and $200 million and EBITDA between $2 and $20 million. HPA will consider opportunities across a range of industries with a preference for businesses involved in manufacturing and specialty retailing. HPA looks to invest $5 to $25 million per transaction. Hancock takes an active approach in managing each business to maximize value. Hancock Park was formed in 1986 and has offices in Los Angeles, California and Houston, Texas.


DEAL STATS #
Overall 11 of 11
Sector: Aerospace M&A 3 of 3
Type: Recapitalization M&A Deals 1 of 1
State: California M&A 4 of 4
Country: United States M&A 11 of 11
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-16 Drilltec

Houston, Texas, United States

Drilltec is a manufacturer of thread protectors and protective systems for the Oil Country Tubular Goods market. Drilltec was founded in 1979 and is based in Houston, Texas.

Sell -
Buyer

Next Point Capital

Henderson, Nevada, United States

Category Private Equity Firm
PE ASSETS 45M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Next Point Capital is an equity and debt provider to small and mid-sized businesses. Next Point issues senior and subordinated loans of $2 to $5 million to support growth needs, working capital, acquisitions, refinancings and restructurings of California based companies. For equity commitments, Next Point will invest $1 to $5 million to fund management buyouts, balance sheet restructurings and corporate divestitures. Next Point does not have any sector preferences and prefers high-growth businesses with recurring revenue, and limited technology risk. Next Point is based in Los Angeles.


DEAL STATS #
Overall 1 of 2
Sector: Aerospace M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 2
State: California M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Art Brand Studios

Morgan Hill, California, United States

Art Brand Studios publishes limited edition and open edition wall art and licenses the intellectual property of the most recognized art brand in the world.

Buy -