M&A Deal Summary

Littlejohn Acquires Synventive Molding Solutions

On May 10, 2011, private equity firm Littlejohn acquired machinery company Synventive Molding Solutions from Advent International

Acquisition Highlights
  • This is Littlejohn’s 2nd transaction in the Machinery sector.
  • This is Littlejohn’s 21st transaction in the United States.
  • This is Littlejohn’s 1st transaction in Massachusetts.
Investment Fate
  • Synventive Molding Solutions was sold to a publicly-traded strategic buyer in 2012 for 335M USD.

M&A Deal Summary

Date 2011-05-10
Target Synventive Molding Solutions
Sector Machinery
Buyer(s) Littlejohn
Sellers(s) Advent International
Deal Type Recapitalization

Target

Synventive Molding Solutions

Peabody, Massachusetts, United States
Synventive Molding Solutions, Inc. is a solutions provider to the injection molding industry. Synventive is a designers, manufacturers and suppliers of hot runner systems and related components to the automotive, electronics, healthcare, and consumer packaging industries. Hot runner systems channel molten plastic from injection molding machines into molds. These systems are used in the molding of a variety of plastic products ranging from small medical devices to large automobile parts.

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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 25 of 66
Sector: Machinery M&A 2 of 3
Type: Recapitalization M&A Deals 3 of 8
State: Massachusetts M&A 1 of 2
Country: United States M&A 21 of 62
Year: 2011 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-30 Keystone Automotive Operations

Exeter, Pennsylvania, United States

Keystone Automotive Operations, Inc. is a distributor and marketer of specialty aftermarket equipment and accessories. Keystone markets products to serve the following six category segments: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 SunSource

Addison, Illinois, United States

SunSource is a value-added distributor of fluid power and motion control technologies in North America. As a technically-focused distributor, SunSource serves as an extension of its customers' design and engineering teams and its suppliers' sales forces, delivering innovative solutions that lower total costs and streamline supply chains. The Company operates through four highly focused strategic business units that provide tailored solutions for the unique needs of its Industrial, Mobile, Service & Repair and Process Solutions customers. SunSource was founded in 2001 and is based in Addison, Illinois.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 120 of 233
Sector: Machinery M&A 2 of 2
Type: Recapitalization M&A Deals 3 of 4
State: Massachusetts M&A 15 of 16
Country: United States M&A 46 of 84
Year: 2011 M&A 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-02 Mezservis s.r.o.

Vsetín, Czech Republic

MEZSERVIS focuses on production, installation and repairs of electric machines and devices, especially electric drives and lift technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 PPF

Budaörs, Hungary

Partner in Pet Food (PPF) is a pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Partner in Pet Food was founded in 1999 and is based in Budaörs, Hungary.

Buy €188M