M&A Deal Summary

Irving Place Capital and New Value Capital Acquire Dynojet

On November 24, 2015, private equity firm Irving Place Capital and growth capital firm New Value Capital acquired automotive company Dynojet from American Capital

Acquisition Highlights
  • This is Irving Place Capital’s 2nd and New Value Capital’s 2nd transaction in the Automotive sector.
  • This is Irving Place Capital’s 37th and New Value Capital’s 2nd transaction in the United States.
  • This is Irving Place Capital’s 1st and New Value Capital’s 1st transaction in Nevada.

M&A Deal Summary
Date 2015-11-24
Target Dynojet
Sector Automotive
Buyer(s) Irving Place Capital
New Value Capital
Sellers(s) American Capital
Deal Type Secondary Buyout

Target

Dynojet

Las Vegas, Nevada, United States
Dynojet is a manufacturer of aftermarket performance-enhancing automotive parts and accessories as well as diagnostic equipment for the Powersports industry. Dynojet was founded in 1972 and is based in North Las Vegas, Nevada.

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Buyer(S) 2

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 46 of 49
Sector (Automotive) 2 of 4
Type (Secondary Buyout) 12 of 12
State (Nevada) 1 of 1
Country (United States) 37 of 40
Year (2015) 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 cabi

Compton, California, United States

cabi is a direct seller of women’s apparel and accessories with nearly 3,500 independent stylists who conduct shows in the homes of more than 78,000 hostesses throughout the U.S., U.K., and Canada. cabi was founded in 2002 and is based in Compton, California.

Sell -
Buyer

New Value Capital

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

New Value Capital is a collection of investors that look to invest and work alongside entrepreneurs focused on building companies in the consumer sector. New Value Capital was formed in 2011 and is headquartered in Park City, Utah.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Nevada) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-29 Cobb

Austin, Texas, United States

Cobb is a performance automotive engineering business that specializes in providing full tuning solutions for small displacement, turbocharged vehicles. It currently offers products for Subaru, BMW, Mazda, Mitsubishi, Ford, Nissan, and Porsche turbo vehicles. Cobb is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 ENVE Composites

Ogden, Utah, United States

ENVE Composites LLC is a designer and manufacturer of carbon wheels, components, and accessories for road and mountain biking.

Sell $50M

Seller(S) 1

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 171 of 194
Sector (Automotive) 10 of 11
Type (Secondary Buyout) 61 of 71
State (Nevada) 1 of 1
Country (United States) 165 of 186
Year (2015) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Affordable Care

Morrisville, North Carolina, United States

Affordable Care is a dental practice management services company that supports a network of affiliated dental practices providing removable prosthetics and related services. Affordable Care was founded in 1975 and is based in Morrisville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-08 Warner Power

Warner, New Hampshire, United States

Warner Power LLC is a designer and manufacturer of electrical transformers and power systems. Warner Power was founded in 1948 and is based in Warner, New Hampshire.

Sell -
Mergr

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