M&A Deal Summary

Irving Place Capital Acquires Bendon

On March 31, 2015, private equity firm Irving Place Capital acquired publishing company Bendon from Wicks Group

Acquisition Highlights
  • This is Irving Place Capital’s 1st transaction in the Publishing sector.
  • This is Irving Place Capital’s 35th transaction in the United States.
  • This is Irving Place Capital’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2015-03-31
Target Bendon
Sector Publishing
Buyer(s) Irving Place Capital
Sellers(s) Wicks Group
Deal Type Secondary Buyout

Target

Bendon

Ashland, Ohio, United States
Bendon is a publisher of children’s books, designer and producer of children’s coloring and activity products. Bendon was founded in 2001 and is based in Ashland, Ohio.

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Buyer(S) 1

Buyer

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.

DEAL STATS #
Overall 44 of 49
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 10 of 12
State (Ohio) 2 of 3
Country (United States) 35 of 40
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Ironshore

Hamilton, Bermuda

Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 OTC Industrial Technologies

Columbus, Ohio, United States

OTC Industrial Technologies is an industrial equipment service provider and distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. OTC Industrial Technologies was founded in 1963 and is based in Columbus, Ohio.

Buy -

Seller(S) 1

SELLER

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 14 of 26
Sector (Publishing) 6 of 6
Type (Secondary Buyout) 5 of 10
State (Ohio) 2 of 2
Country (United States) 14 of 26
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 NewBay Media

New York, New York, United States

NewBay Media LLC is a provider of print, digital, event and marketing services to professional and enthusiast markets. NewBay provides multichannel marketing solutions and information to communities encompassing over 5 million professionals and nearly 8 million enthusiasts centered around three large technology driven interrelated markets, Television & Video, Entertainment & Educational Technology, and Music. NewBay Media LLC was established in 2006 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Argyle Executive Forum

New York, New York, United States

Argyle Executive Forum LLC is a provider of C-level executive summits for Fortune 500 business providers. Argyle hosts more than 100 annual full-day conferences, private breakfasts, dinners, workshops, virtual conferences, think tanks and roundtable discussions for its screened executive membership of leaders of the largest companies in the United States.

Buy -
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