M&A Deal Summary |
|
|---|---|
| Date | 2004-09-01 |
| Target | Becker Underwood |
| Sector | Chemicals |
| Buyer(s) |
Norwest Equity Partners
NMP Capital Antares Capital LNC Partners |
| Sellers(s) | Century Park Capital Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 200M USD |
| Advisor(s) | Piper Sandler & Co. (Financial) Sidley (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1961 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 75 |
| Sector (Chemicals) | 1 of 2 |
| Type (Secondary Buyout) | 4 of 29 |
| State (Iowa) | 2 of 2 |
| Country (United States) | 17 of 72 |
| Year (2004) | 3 of 3 |
| Size (of disclosed) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-06 |
Life Time
Chanhassen, Minnesota, United States Life Time operates sports, athletic, fitness, and family recreation centers offering premium amenities and services in a resort-like setting. Life Time was founded in 1992 and is based in Chanhassen, Minnesota. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-26 |
Pelican Products
Torrance, California, United States Pelican Products is a designer and manufacturer of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Pelican's products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican products are designed and built to last a lifetime. Pelican Products was founded in 1976 and is based in Torrance, California. |
Sell | $200M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 88 |
| Sector (Chemicals) | 1 of 3 |
| Type (Secondary Buyout) | 4 of 31 |
| State (Iowa) | 2 of 2 |
| Country (United States) | 19 of 85 |
| Year (2004) | 6 of 9 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-26 |
Spyder Active Sports
Boulder, Colorado, United States Spyder Active Sports designs and markets the most recognized and respected brand of high-performance, technically-oriented skiwear in the world. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-09-15 |
Dynatronics
Glendora, California, United States Dynatek provides electronic products in the motorcycle industry. With the help of top racers and motorcycle builders around the world, Dynatek has worked to create the electronic products necessary to support the modern motorcycle. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 55 |
| Sector (Chemicals) | 1 of 2 |
| Type (Secondary Buyout) | 6 of 30 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 8 of 54 |
| Year (2004) | 3 of 4 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-07 |
FFG Industries
Deerfield, Illinois, United States Flavor and Fragrance Group (FFG) Industries, Inc. is a middle-market manufacturer of flavors and fragrances serving the food, beverage, home environment, and personal care industries. The Company's flavors and fragrances are used in a variety of consumer products including chai, soft drinks, sport drinks, coffees, health bars, air fresheners, candles, lotions, detergents, and health and beauty aids. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-09-08 |
Aspen Marketing Services
West Chicago, Illinois, United States Aspen Marketing Services (Aspen) Aspen is an integrated marketing services company with approximately 400 professionals located in nine offices nationwide. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 44 |
| Sector (Chemicals) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 6 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 12 of 44 |
| Year (2004) | 4 of 5 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-08-23 |
Soff-Cut International
Corona, California, United States Soff-Cut is the innovator and producer of early-entry concrete sawing equipment and replacement blades. Its products enable the concrete construction industry to greatly reduce or eliminate the early, random cracking of concrete slabs and flatwork. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-20 |
Milestone AV Technologies
Savage, Minnesota, United States Milestone AV Technologies is a designer, marketer and distributor of branded audio-visual mounting equipment and display solutions for flat panel displays, projectors, AV furniture, and speakers to both the consumer and the commercial markets. Our innovative products, sold principally under the Chief and Sanus brands, are sold through numerous channels, including Pro AV dealers, regional home theater dealers, consumer electronics retailers, mass merchants and original equipment manufacturers. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 1.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Century Park Capital Partners (CPCP) is a private equity firm that partners with owners and managers to build companies. The Firm targets businesses generating sales of $20 to $100 million and EBITDA of $3 to $15 million. Century Park Capital specializes in facilitating owner liquidity and business expansion through minority and majority recapitalizations, growth financings, management led buyouts, and acquisition financings. CPCP looks to invest $10 to $40 million per transaction. Areas of interest include consumer products, food, education, business services, test/measurement equipment, medical components, pet supplies, packaging, automotive, chemicals, and third party logistics. CPCP was formed in 2000 and is based in Los Angeles with an additional office in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 16 |
| Sector (Chemicals) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 9 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 1 of 16 |
| Year (2004) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-01 |
Hi-Tech Rubber
Anaheim, California, United States Hi-Tech Rubber, Inc., is an custom molder of precision elastomeric components utilized primarily in the medical industry. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-01 |
Kids Line
South Gate, California, United States Kidsline, Inc. designs, produces, and markets infant bedding and coordinated accessories. |
Sell | $130M |
