M&A Deal Summary

Levine Leichtman Capital Partners and Blue Point Capital Partners Acquire CPP

On May 1, 2000, mezzanine finance firm Levine Leichtman Capital Partners and private equity firm Blue Point Capital Partners acquired aerospace company CPP

Acquisition Highlights
  • This is Levine Leichtman Capital Partners’ 1st and Blue Point Capital Partners’ 1st transaction in the Aerospace sector.
  • This is Levine Leichtman Capital Partners’ 7th and Blue Point Capital Partners’ 3rd transaction in the United States.
  • This is Levine Leichtman Capital Partners’ 1st and Blue Point Capital Partners’ 2nd transaction in Ohio.
Investment Fate
  • CPP was sold to a consortium of financial buyers in 2005.
  • CPP was sold to a consortium of financial buyers in 2008.
  • CPP was sold to a consortium of financial buyers in 2011.
  • CPP was recapitalized in 2019.

M&A Deal Summary

Date 2000-05-01
Target CPP
Sector Aerospace
Buyer(s) Levine Leichtman Capital Partners
Blue Point Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

CPP

Cleveland, Ohio, United States
CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.

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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 7 of 93
Sector: Aerospace M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 30
State: Ohio M&A 1 of 4
Country: United States M&A 7 of 75
Year: 2000 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-04 Simula

Arlington, Virginia, United States

Simula, Inc. makes high-tech products designed to protect people in vehicles. As a research firm, Simula helps draft safety requirements for civil and military air transports; as a manufacturing firm, the company designs products to meet the new requirements. The company's business is split evenly between the military and commercial sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-16 InterDent

Inglewood, California, United States

InterDent provides practice management services to affiliated multispecialty group dental practices in the US. Its network of affiliated dental practices provides general dentistry, as well as dental specialty services, such as orthodontics, periodontics, endodontics, pedodontics, prosthodontics, and oral surgery. InterDent was founded in 1978 and is based in Inglewood, California.

Buy -
Buyer

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $5 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.


DEAL STATS #
Overall 3 of 54
Sector: Aerospace M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 18
State: Ohio M&A 2 of 13
Country: United States M&A 3 of 50
Year: 2000 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 The Hygenic

Akron, Ohio, United States

Hygenic is a manufacturer of natural rubber, latex and synthetic rubber products primarily serving the medical and therapy/fitness industries as well as some other industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-11 LVI Services

New York City, New York, United States

LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services.

Buy -