M&A Deal Summary

New Mountain Capital Acquires ABB Optical Group

On October 1, 2012, private equity firm New Mountain Capital acquired distribution company ABB Optical Group from RLH Equity Partners

Acquisition Highlights
  • This is New Mountain Capital’s 1st transaction in the Distribution sector.
  • This is New Mountain Capital’s 23rd transaction in the United States.
  • This is New Mountain Capital’s 4th transaction in Florida.

M&A Deal Summary

Date 2012-10-01
Target ABB Optical Group
Sector Distribution
Buyer(s) New Mountain Capital
Sellers(s) RLH Equity Partners
Deal Type Recapitalization
Advisor(s) William Blair (Financial)

Target

ABB Optical Group

Coral Springs, Florida, United States
ABB Optical Group is a distributor of optical products in the United States. The company supplies nearly two-thirds of eye care professionals across the country with brand name contact lenses, fully customizable gas permeable and custom specialty soft contact lenses, ophthalmic lenses and more. ABB Optical Group was founded in 1989 and is headquartered in Coral Springs, Florida.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 26 of 103
Sector: Distribution M&A 1 of 2
Type: Recapitalization M&A Deals 3 of 6
State: Florida M&A 4 of 7
Country: United States M&A 23 of 98
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-03 EverBank

Jacksonville, Florida, United States

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 RedPrairie

Alpharetta, Georgia, United States

RedPrairie Corp. is a developer and marketer of software for managing warehousing and transportation logistics.

Sell -

Seller(S) 1

SELLER

RLH Equity Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

RLH Equity Partners is a private equity firm that targets investments in middle-market companies throughout North America. RLH look for market leaders generating sales of $25 to $200 million with high growth potential. General areas of interest include business services (including IT services), high value-added manufacturing, specialty distribution, healthcare, and financial services. The Firm invests in the range of $30 to $100 million per transaction. Prospective transaction situations include growth equity financings, shareholder liquidity, recapitalizations, and management buyouts. RLH Equity Partners was formed in 1982 and is based in Los Angeles, California.


DEAL STATS #
Overall 9 of 23
Sector: Distribution M&A 2 of 2
Type: Recapitalization M&A Deals 2 of 3
State: Florida M&A 1 of 1
Country: United States M&A 9 of 23
Year: 2012 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-19 RGM Group Enterprises

Venice, California, United States

RGM Group Enterprises, LLC ("RGM") is a company that provides online marketing and advertising solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-02 Creative Circle

Los Angeles, California, United States

Creative Circle LLC is a specialized staffing agency representing advertising, marketing,graphic communication, and interactive professionals. The Company currently lists many of the top advertising agencies, design firms, and corporations as clients.

Sell -