M&A Deal Summary |
|
|---|---|
| Date | 2021-04-06 |
| Target | Tandym Group |
| Sector | Staffing |
| Buyer(s) |
Mill Rock Capital
Intermediate Capital Group |
| Sellers(s) | New Heritage Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Houlihan Lokey (Financial) Latham & Watkins Kelley Drye Zukerman Gore (Legal) |
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Mill Rock is a growth and operations oriented private investment firm that invests in middle-market industrial businesses in North America. Mill Rock invests in family-owned businesses, owner-operators and founder-led companies the chemicals, materials, industrial distribution, services, metals, transportation, logistics and specialty manufacturing sectors. Mill Rock Capital was established in 2018 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector (Staffing) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 2 |
| State (New York) | 2 of 3 |
| Country (United States) | 6 of 7 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-26 |
DRT Holdings
Dayton, Ohio, United States DRT Holdings is a manufacturer and supplier of precision tools and specialized components to a wide variety of end markets organized in three business segments: Container, Aerospace, and Precision. Container is the original developer of easy-open ends principally used in food and beverage cans and continues to be a leading provider of equipment, aftermarket parts, and services utilized in can production. Aerospace is a manufacturer of precision-machined parts for commercial and military aircraft, commercial space, and land-based industrial gas turbine engines. Precision machines components for various industries, including medical imaging equipment, plastic injection molding, and building products. DRT provides value-added services to supplement its core precision machining capabilities, including extensive engineering resources and design-for-manufacturability capabilities, go-to-market support, and systems integration. DRT Holdings was founded in 1949 and is based in Dayton, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-05 |
Mill Rock Advanced Materials
New York, New York, United States Mill Rock Advanced Materials is focused on investments in the advanced materials and industrial additives solutions markets. Mill Rock Advanced Materials is based in New York City. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 274 of 293 |
| Sector (Staffing) | 3 of 3 |
| Type (Secondary Buyout) | 103 of 115 |
| State (New York) | 3 of 3 |
| Country (United States) | 17 of 19 |
| Year (2021) | 7 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-25 |
Eliem Therapeutics
Redmond, Washington, United States Eliem Therapeutics is a biotech company developing drugs for neurological disorders. Eliem Therapeutics is based in Redmond, Washington. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-16 |
Lunch Garden
Brussels, Belgium Lunch Garden is an iconic restaurant brand that offers customers high quality, traditional Belgian cuisine, complemented by popular international dishes, with an average meal price of €11. Located in prime, high-footfall areas, all sites are profitable with Lunch Garden commanding a growing market share within the Belgian restaurant market. Lunch Garden was founded in 1966 and is based in Brussels, Belgium. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 1.4B USD |
| Size | Large |
| Type | Sector Agnostic |
New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 22 |
| Sector (Staffing) | 1 of 1 |
| Type (Secondary Buyout) | 10 of 12 |
| State (New York) | 5 of 5 |
| Country (United States) | 16 of 19 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-18 |
FMS Solutions
Ft Lauderdale, Florida, United States FMS Solutions is a provider of business process outsourcing (“BPO”) services to independent grocers and other multi-unit retailers. FMS’s comprehensive range of accounting and payroll solutions enables its 5,000+ retailer customers to run more efficient operations and make informed strategic decisions on a daily basis. FMS Solutions was founded in 1974 and is based in Ft Lauderdale, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-11 |
Icelandirect
Clifton, New Jersey, United States Icelandirect is an importer, manufacturer, and packager of marine oils and other nutraceutical products. Icelandirect was founded in 2010 and is based in Clifton, New Jersey. |
Buy | - |
