M&A Deal Summary

Mid Oaks Investments Acquires Plastic Packaging Technologies

On December 21, 2010, private equity firm Mid Oaks Investments acquired packaging company Plastic Packaging Technologies from Stonehenge Partners

Acquisition Highlights
  • This is Mid Oaks Investments’ 4th transaction in the Packaging sector.
  • This is Mid Oaks Investments’ 12th transaction in the United States.
  • This is Mid Oaks Investments’ 1st transaction in Kansas.

M&A Deal Summary

Date 2010-12-21
Target Plastic Packaging Technologies
Sector Packaging
Buyer(s) Mid Oaks Investments
Sellers(s) Stonehenge Partners
Deal Type Secondary Buyout
Advisor(s) Verit Advisors LLC (Financial)

Target

Plastic Packaging Technologies

Kansas City, Kansas, United States
Plastic Packaging Technologies is a vertically integrated manufacturer of flexible packaging products for the food, pet food, specialty consumer, and health care industries. PPT's products include a full line of converted pouches, bags, and film roll stock. Plastic Packaging Technologies was founded in 2002 and is based in Kansas City, Kansas.

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Buyer(S) 1

Buyer

Mid Oaks Investments

Buffalo Grove, Illinois, United States

Category Private Equity Firm
Founded 1986
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mid Oaks Investments LLC is a private investment firm that invests in middle market companies primarily located in North America. The firm targets established businesses with annual revenues between $25 million to $250 million.Although the firm has a preference for businesses in the manufacturing industry, Mid Oaks will also invest in other opportunities in industries such as distribution, service, and others. The firm is not interested in financial, insurance, real estate, oil and gas, or retail businesses. Mid Oaks Investments, LLC was founded in 1986 and is based in Buffalo Grove, Illinois.


DEAL STATS #
Overall 13 of 13
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 1 of 1
State (Kansas) 1 of 1
Country (United States) 12 of 12
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-23 Liquid Container

West Chicago, Illinois, United States

Liquid Container LP is a manufacturer and marketer of specialty rigid plastic packaging containers.

Sell $568M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-09 Bellwyck

Toronto, Ontario, Canada

Bellwyck is a manufacturer of solid dose tablet feed systems, blister and bottle filling, and tablet counting machines serving the pharmaceutical industry. Bellwyck Packaging Solutions was formed in 2007 and is based in Toronto, Ontario.

Sell -

Seller(S) 1

SELLER

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


DEAL STATS #
Overall 16 of 38
Sector (Packaging) 2 of 3
Type (Secondary Buyout) 5 of 15
State (Kansas) 1 of 1
Country (United States) 16 of 37
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-24 Adesso Solutions

Rolling Meadows, Illinois, United States

Adesso Solutions is a Trade Promotion and Deduction Management Software. The company offers integrated technology solutions that enable manufacturers to track, analyze, and integrate sales and performance data in order to make better business decisions and enhance ROI.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-22 Peco Pallet

Itasca, Illinois, United States

Peco Pallet engages in transportation and logistics services in North America. Peco Pallet owns a pool of approximately 20 million wood block pallets that primarily serve food and beverage manufacturers in shipping their goods in a cost-effective manner. Peco Pallet was established in 1997 and is based in Itasca, Illinois.

Sell -