Investment Summary

Nagano Keiki Invests In Ashcroft

On April 3, 2006, Nagano Keiki invested in test/measurement equipment company Ashcroft from KPS Capital Partners

Investment Highlights
  • This is Nagano Keiki’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Nagano Keiki’s 1st transaction in the United States.
  • This is Nagano Keiki’s 1st transaction in Connecticut.

Investment Summary
Date 2006-04-03
Target Ashcroft
Sector Test/Measurement Equipment
Investor(s) Nagano Keiki
Sellers(s) KPS Capital Partners
Deal Type Acquisition Financing

Target

Ashcroft

Stratford, Connecticut, United States
Ashcroft, Inc. is a manufactures a variety of pressure gauges, transducers, transmitters, pressure and temperature switches and other devices used in a wide variety of applications and industries.

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Investor(S) 1

Investor

Nagano Keiki

Japan
Category Company
Sector Engineering
DESCRIPTION

Our head office building, including our product showroom, was completed in 1998, commemorating our 50th anniversary. This energy-saving building reflects our concept of environment-consciousness.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Acquisition Financing) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 4 of 34
Sector (Test/Measurement Equipment) 1 of 2
Type (Acquisition Financing) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 3 of 28
Year (2006) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-28 GFG

Sussex, Wisconsin, United States

Headquartered in Wisconsin, GFG is the world?s leading designer and manufacturer of roll coating equipment and lines and electrostatic oilers under the Peabody name. GFG was formerly a subsidiary of Genesis Worldwide II, Inc. (?Genesis II?), a company KPS jointly owns with another private equity firm.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-17 Cloyes

Fort Smith, Arkansas, United States

Cloyes is a designer, developer, manufacturer, and distributor of timing drive systems and components for the automotive aftermarket. Its products are mission-critical components for engine performance and function used in high-performance and replacement applications. Cloyes is based in Fort Smith, Arkansas.

Buy -
Mergr

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