M&A Deal Summary

Levine Leichtman Capital Partners and Apogem Capital Acquire BSI

On March 16, 2016, mezzanine finance firm Levine Leichtman Capital Partners and asset manager Apogem Capital acquired manufacturer BSI

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 2nd and Apogem Capital’s 4th transaction in the Manufacturing sector.
  • This is Levine Leichtman Capital Partners’ 47th and Apogem Capital’s 50th transaction in the United States.
  • This is Levine Leichtman Capital Partners’ 2nd and Apogem Capital’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2016-03-16
Target BSI
Sector Manufacturing
Buyer(s) Levine Leichtman Capital Partners
Apogem Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Augeo Advisors (Financial)
Minor & Brown (Legal)

Target

BSI

Denver, Colorado, United States
BSI is a manufacturer of innovative food guards, counters, cold pans, heated merchandisers, floor troughs, and custom stainless products to the institutional food service sector. BSI was founded in 1989 and is based in Denver, Colorado.

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Buyer(S) 2

Buyer

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 49 of 88
Sector (Manufacturing) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 21 of 30
State (Colorado) 2 of 2
Country (United States) 47 of 71
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Mander Portman Woodward

London, United Kingdom

Mander Portman Woodward Ltd. (MPW) is a provider of high quality private education for students in their crucial transition from secondary school into UK universities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Pacific Handy Cutter

Irvine, California, United States

Pacific Handy Cutter is a designer, manufacturer, and marketer of branded razor cutting tools with enhanced safety features designed to eliminate workplace injuries and product damage in commercial backroom operations. Pacific Handy Cutter was founded in 1950 and is based in Irvine, California.

Buy -
Buyer

Apogem Capital

Chicago, Illinois, United States
Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.

DEAL STATS #
Overall 50 of 69
Sector (Manufacturing) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 18 of 22
State (Colorado) 2 of 3
Country (United States) 50 of 69
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 A&E Medical

Farmingdale, New Jersey, United States

A&E Medical Corp. is a designer and manufacturer of a high strength sternum closure system along with a wide variety of temporary cardiac pacing wires and extension leads, stainless steel sutures, surgical punches, electrosurgical instruments, and neurosurgical scalp clips. A&E Medical was founded in 1968 and is based in Farmingdale, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Global Software

Raleigh, North Carolina, United States

Global Software, Inc. is a provider of Microsoft Excel-based automation and reporting software solutions, including its flagship product Spreadsheet Server. Spreadsheet Server enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company’s core software offerings integrate with more than 60 leading enterprise resource planning platforms and automate data analytic processes for business and financial professionals. Global Software supports more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.

Buy -
Mergr

Product

Company

Legal