M&A Deal Summary

Kilmer Capital Partners and Perseis Partners Acquire Vansco Electronics

On September 3, 2004, private equity firms Kilmer Capital Partners and Perseis Partners acquired electronics company Vansco Electronics

Acquisition Highlights
  • This is Kilmer Capital Partners’ 1st and Perseis Partners’ 1st transaction in the Electronics sector.
  • This is Kilmer Capital Partners’ 3rd and Perseis Partners’ 7th transaction in Canada.
  • This is Kilmer Capital Partners’ 1st and Perseis Partners’ 1st transaction in Manitoba.
Investment Fate
  • Vansco Electronics was sold to a publicly-traded strategic buyer in 2008.

M&A Deal Summary

Date 2004-09-03
Target Vansco Electronics
Sector Electronics
Buyer(s) Kilmer Capital Partners
Perseis Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Vansco Electronics

Winnipeg, Manitoba, Canada
Vansco Electronics, LP is a provider of custom electronic controls, displays, sensors and other related components are used in the agriculture, construction, bus, motor coach and recreational vehicle markets. The Company operates from Winnipeg, Manitoba and Valley City, North Dakota, serving an international customer base with both customized and standard proprietary products.

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Buyer(S) 2

Buyer

Kilmer Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kilmer Capital Partners is a private equity investment firm that seeks small to mid market company investments to support expansions, acquisitions, buyouts, restructurings, recapitalizations and privatizations. Kilmer focuses its efforts within the electronics, communications, technology, food, textile, and media/entertainment sectors. The Firm's target investment size is C$75 to C$500 million in companies generating C$20 to C$200 million in sales. Kilmer will consider both majority and minority situations. Kilmer Capital Partners was formed in 1994 and is based in Toronto with an additional office in Montreal.


DEAL STATS #
Overall 3 of 11
Sector: Electronics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 7
State: Manitoba M&A 1 of 1
Country: Canada M&A 3 of 10
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Unisync Group

Mississauga, Ontario, Canada

Unisync Group Ltd. is an independent designer, manufacturer and manager of career apparel solutions in Canada. More than 750,000 employees wear a Unisync uniform everyday. Unisync's customer base extends across Canada and into the United States, encompassing marquee companies including Home Hardware, Securitas, Loblaws, Burger King, Best Buy, Tim Hortons, Casino Rama, Staples and Pizza Pizza.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 McGregor Industries

Toronto, Ontario, Canada

McGregor Industries Inc. is a designer, marketer and distributor of men's and women's hosiery and high-end loungewear. The company's products are sold via all of the key retail channels for apparel in over 35 countries worldwide. The company maintains many longstanding customer relationships and licensee relationships.

Buy -
Buyer

Perseis Partners

Toronto, Ontario, Canada

Category Private Equity Firm
Founded 2001
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Perseis Partners, Inc. is a private equity firm that invests in small to mid-sized Canadian companies. The Firm generally looks to invest $15 to $60 million in companies valued from $30 to $250 million. Target sectors include professional services, specialized retail, energy services, healthcare, transportation, industrial, and consumer products. Perseis Partners was formed in 2001 and is based in Toronto, Ontario.


DEAL STATS #
Overall 7 of 8
Sector: Electronics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 7
State: Manitoba M&A 1 of 1
Country: Canada M&A 7 of 8
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 MMM Group

Thornhill, Ontario, Canada

MMM Group Limited is a multidisciplinary consulting firm creating vibrant and healthy communities through innovative planning, engineering, geomatics, and project management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 First Asset Management

Toronto, Ontario, Canada

First Asset Management, Inc. is a financial services company offering a wide range of retail and wholesale investment products to the Canadian market.

Sell -