Investment Summary

Investcorp and CDPQ Invest In ICR

On March 29, 2018, asset managers Investcorp and CDPQ invested in business services company ICR

Investment Highlights
  • This is Investcorp’s 11th and CDPQ’s 3rd transaction in the Business Services sector.
  • This is Investcorp’s 66th and CDPQ’s 10th transaction in the United States.
  • This is Investcorp’s 1st and CDPQ’s 1st transaction in Connecticut.

Investment Summary

Date 2018-03-29
Target ICR
Sector Business Services
Investor(s) Investcorp
CDPQ
Deal Type Growth Capital
Advisor(s) William Blair (Financial)
White & Case (Legal)

Target

ICR

Norwalk, Connecticut, United States
ICR is a strategic communications and advisory firm. ICR helps companies manage credibility and reputational risk to optimize shareholder value. ICR specializes in investor relations, public relations, crisis, and special situations communications, digital/social media, and capital advisory solutions. ICR was founded in 1998 and is based in Norwalk, Connecticut.

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Investor(S) 2

Investor

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 131 of 176
Sector (Business Services) 11 of 15
Type (Growth Capital) 11 of 19
State (Connecticut) 1 of 2
Country (United States) 66 of 81
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 CEME

Trivolzio, Italy

CEME is a manufacturer of high and low pressure pumps, brass and plastic valves, pressure switches and flow meters which enable controlling the passage of any type of fluid: water, gas, steam or air. The company serves critical niche applications in end-markets such as single serve coffee machines (which today account for the majority of revenues), beverage and vending machines, water dispensing and air conditioning units as well as medical devices. CEME was founded in 1974 and is based in Carugate, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 KSI Auto Parts

South Plainfield, New Jersey, United States

KSI Auto Parts, is a distributor of quality replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 states. KSI Auto Parts was founded in 1984 and is based in South Plainfield, New Jersey.

Buy -
Investor

CDPQ

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 47 of 101
Sector (Business Services) 3 of 7
Type (Growth Capital) 21 of 40
State (Connecticut) 1 of 1
Country (United States) 10 of 24
Year (2018) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Student Transportation of America

Wall Township, New Jersey, United States

Student Transportation of America is a provider of school bus transportation services, operating more than 12,500 vehicles in over 300 school districts. Student Transportation of America was founded in 1997 and is headquartered in Wall Township, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Invenergy Renewables

Chicago, Illinois, United States

Invenergy Renewables develops, owns, and operates power generation and energy storage facilities in North America and Europe. Company have a proven track record in establishing and maintaining longstanding, profitable relationships with utilities, suppliers, and the communities in which our projects are located. Invenergy Renewables was founded in 2001 and is based in Chicago, Illinois.

Buy -