M&A Deal Summary |
|
|---|---|
| Date | 2010-08-01 |
| Target | Fort Dearborn |
| Sector | Packaging |
| Buyer(s) |
KRG Capital Partners
Intermediate Capital Group Ardian |
| Sellers(s) | Genstar Capital |
| Deal Type | Secondary Buyout |
| Deal Value | 520M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 42 |
| Sector (Packaging) | 2 of 2 |
| Type (Secondary Buyout) | 4 of 11 |
| State (Illinois) | 4 of 9 |
| Country (United States) | 31 of 41 |
| Year (2010) | 4 of 8 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-01 |
Core Label
Tyrone, Pennsylvania, United States Core Label LLC is a provider of roll-fed labels for the beverage market. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-15 |
Hospitality Staffing Solutions
Atlanta, Georgia, United States Hospitality Staffing Solutions LLC is a provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 224 of 292 |
| Sector (Packaging) | 3 of 3 |
| Type (Secondary Buyout) | 68 of 114 |
| State (Illinois) | 2 of 3 |
| Country (United States) | 12 of 19 |
| Year (2010) | 3 of 4 |
| Size (of disclosed) | 41 of 82 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-27 |
Picard
Fontainebleau, France Picard is a frozen food retailer in France, with a product range that covers over 1,100 SKUS across nine product categories, from starters to desserts and from raw ingredients to prepared meals. Picard was founded in 1906 and is based in Fontainebleau, France. |
Sell | €1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-03 |
TeamSystem
Pesaro, Italy TeamSystem is a provider of accounting, payroll, and business management software for accountants and small and medium-sized enterprises. TeamSystem offers a broad range of mission-critical, on-premise and cloud solutions to a diversified base of its customers. TeamSystem was founded in 1979 and is based in Pesaro, Italy. |
Sell | €565M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 144 of 418 |
| Sector (Packaging) | 3 of 8 |
| Type (Secondary Buyout) | 38 of 137 |
| State (Illinois) | 1 of 5 |
| Country (United States) | 17 of 59 |
| Year (2010) | 14 of 27 |
| Size (of disclosed) | 48 of 67 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-21 |
Autopista Trados 45
Madrid, Spain Autopista Trados 45 manages a 14.5-kilometre section of the M-45 highway in Madrid, between O'Donnell and the junction with the N-IV. Autopista Trados 45 is based in Madrid, Spain. |
Buy | €67M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-06 |
NXP Semiconductors
Eindhoven, Netherlands NXP Semiconductors is a provider of semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. NXP Semiconductors was founded in 2006 and is based in Eindhoven, the Netherlands. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 49.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 60 |
| Sector (Packaging) | 1 of 2 |
| Type (Secondary Buyout) | 3 of 23 |
| State (Illinois) | 1 of 3 |
| Country (United States) | 14 of 54 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 9 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-07 |
Evolution Benefits
Avon, Connecticut, United States Evolution Benefits is an electronic payment solutions for the employee benefits market since 2001. Its principal products are the Benny benefits debit card and the PayDirect software suite. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-11 |
International Aluminum
Monterey Park, California, United States International Aluminum Corp. is an integrated manufacturer of exterior and interior doors, windows, frames, glazing systems and other aluminum and vinyl products for use in commercial and residential applications. |
Sell | - |
