Buyout (LBO, MBO, MBI) • Manufacturing

New Water Capital Acquires LUXIT Group

On January 11, 2022, private equity firm New Water Capital acquired manufacturer LUXIT Group

Acquisition Context

This is New Water Capital’s 2nd transaction in the Manufacturing sector.
This is New Water Capital’s 12th transaction in the United States.
This is New Water Capital’s 2nd transaction in Michigan.

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M&A Deal Summary
Date	January 11, 2022
Target	LUXIT Group
Sector	Manufacturing
Buyer(s)	New Water Capital
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

LUXIT Group

Farmington Hills, Michigan, United States

LUXIT Group is a technology expert in vehicle small lamp design, with a mission to inspire and guide the evolution of lighting for styling, branding, performance, and safety. LUXIT Group was formed in 2022 and is based in Farmington Hills, Michigan.

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Buyer Overview 1

Buyer

New Water Capital

Investor

Category	Private Equity Firm
Founded	2014
PE ASSETS	406M USD
Size	Middle-Market
Type	Sector Agnostic

DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.

Deal Context for Buyer	#
Overall	13 of 20
Sector: Manufacturing	2 of 2
Type: Buyout (LBO, MBO, MBI)	3 of 9
State: Michigan	2 of 2
Country: United States	12 of 18
Year: 2022	1 of 4

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-01-11	Myotek Industries Auburn, California, United States Myotek Industries is a Tier 1 OEM Transportation LED Lighting Manufacturer that offers innovative products, competitive pricing and aggressive timing to market. Myotek Industries was founded in 1997 and is based in Auburn, California.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2022-01-11

Myotek Industries

Auburn, California, United States

Myotek Industries is a Tier 1 OEM Transportation LED Lighting Manufacturer that offers innovative products, competitive pricing and aggressive timing to market. Myotek Industries was founded in 1997 and is based in Auburn, California.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-07-27	Klosterman Baking Company Cincinnati, Ohio, United States Klosterman Baking Company is a certified WBE independent wholesale bakery that bakes over 400 varieties of hearth bread, sandwich buns, rolls, flatbread, and organic bread available fresh in Ohio, Kentucky, Indiana,Tennessee, and Pennsylvania. It also distributes frozen products globally. Klosterman Baking Company was formed in 1892 and is based in Cincinnati, Ohio.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-07-27

Klosterman Baking Company

Cincinnati, Ohio, United States

Klosterman Baking Company is a certified WBE independent wholesale bakery that bakes over 400 varieties of hearth bread, sandwich buns, rolls, flatbread, and organic bread available fresh in Ohio, Kentucky, Indiana,Tennessee, and Pennsylvania. It also distributes frozen products globally. Klosterman Baking Company was formed in 1892 and is based in Cincinnati, Ohio.

Buy

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