M&A Deal Summary

Littlejohn Acquires PlayPower

On May 18, 2015, private equity firm Littlejohn acquired consumer products company PlayPower from Apollo Global Management

Acquisition Highlights
  • This is Littlejohn’s 5th transaction in the Consumer Products sector.
  • This is Littlejohn’s 36th transaction in the United States.
  • This is Littlejohn’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2015-05-18
Target PlayPower
Sector Consumer Products
Buyer(s) Littlejohn
Sellers(s) Apollo Global Management
Deal Type Secondary Buyout

Target

PlayPower

Huntersville, North Carolina, United States
PlayPower is a manufacturer of commercial playground systems and recreational equipment. With operations in both the US and Europe, the Company manufactures and markets a wide range of innovative products including commercial playground equipment, floating docks and boat/personal watercraft lifts, contained play systems, site amenities, and other related products. PlayPower is based in Huntersville, North Carolina.

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Buyer(S) 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 40 of 64
Sector (Consumer Products) 5 of 5
Type (Secondary Buyout) 13 of 29
State (North Carolina) 3 of 4
Country (United States) 36 of 60
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 HydroChemPSC

Deer Park, Texas, United States

HydroChemPSC is a national provider of industrial cleaning, specialty maintenance services, and technology solutions to the critical energy infrastructure in the United States. The company has built a strong business platform by partnering with clients who value safety, the most modern and productive equipment in the industry, a deep bench of engineering talent, and the highest standards for environmental compliance. It works as partners to transparently identify ways to reduce wastes, costs, and liabilities. HydroChemPSC was formed in 1977 and is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-07 Latham International

Latham, New York, United States

Latham International, Inc. is a manufacturer of pool components and accessories in North America. The Company’s product offering includes in-ground vinyl pool liners, above-ground vinyl pool liners, polymer and steel pool wall systems, fiberglass pools, steps and ladders, pool safety covers, and other pool related accessories.

Sell -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 20 of 67
Sector (Consumer Products) 2 of 3
Type (Secondary Buyout) 8 of 16
State (North Carolina) 1 of 4
Country (United States) 16 of 51
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 Great Wolf Resorts

Chicago, Illinois, United States

Great Wolf Resorts provides safe and immersive entertainment experiences for families in all seasons and all weather conditions across 18 resorts, or “lodges”, in the United States and Canada. Every Great Wolf lodge contains a full-service hotel, expansive indoor waterpark, recreational activities including game rooms, ropes courses, and family bowling alleys, various food & beverage offerings, and themed experiences with proprietary characters unique to Great Wolf. Great Wolf Resorts was founded in 1992 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 CH2M

Englewood, Colorado, United States

CH2M is an engineering firm specializing in government, industrial, infrastructure and energy projects. CH2M was formed in 1971 and is based in Englewood, Colorado.

Buy -
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