M&A Deal Summary

Nicolet Capital Partners Acquires InterFlex Group

On May 16, 2012, private equity firm Nicolet Capital Partners acquired packaging company InterFlex Group from Red Diamond Capital

Acquisition Highlights
  • This is Nicolet Capital Partners’ 2nd transaction in the Packaging sector.
  • This is Nicolet Capital Partners’ 8th transaction in the United States.
  • This is Nicolet Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2012-05-16
Target InterFlex Group
Sector Packaging
Buyer(s) Nicolet Capital Partners
Sellers(s) Red Diamond Capital
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

InterFlex Group

Wilkesboro, North Carolina, United States
InterFlex Group is a provider of flexible packaging solutions to sophisticated global consumer product customers. It offers a service-focused flexible packaging converter, providing value-added printing, waxing and lamination services for food and packaged goods applications on a just-in-time basis. InterFlex Group was founded in 1975 and is based in Wilkesboro, North Carolina.

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Buyer(S) 1

Buyer

Nicolet Capital Partners

Evanston, Illinois, United States
Category Private Equity Firm
Founded 2005
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nicolet Capital Partners LLC is a private equity firm that invests in established companies headquartered in the US. Nicolet focuses on companies with distinct and sustainable market positions, revenues between $30 - $300 and EBITDA greater than $7 million. The Firm provides both debt and equity capital. Nicolet will consider minority and majority positions and looks to invest $15 to $50 million per transaction. Specific areas of interest include manufacturing, distribution, business services and consumer products. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, and recapitalizations. Nicolet Capital Partners LLC is formed 2005 and is based in Evanston, Illinois.

DEAL STATS #
Overall 8 of 9
Sector (Packaging) 2 of 3
Type (Secondary Buyout) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 8 of 9
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-31 MacLean Power Systems

Fort Mill, South Carolina, United States

MacLean Power Systems is a manufacturer of products used by utilities for building transmission and distribution lines and substations. MPS product families include hardware and connection products as well as insulation and protection products. MacLean Power Systems was founded in 1925 and is based in Fort Mill, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Quest Films

Franklin Park, Illinois, United States

Quest Films, Inc. is a manufacturer, converter, and distributor of thermal laminating films. Quest Films is based in Franklin Park, Illinois.

Sell -

Seller(S) 1

SELLER

Red Diamond Capital

Category Private Equity Firm
Founded 2002
PE ASSETS 180M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Red Diamond Capital is an independent private equity fund that invests in middle market manufacturing, distribution and service companies generating revenues at least $25 million with $5 million of EBITDA . Other areas of interest include specialty chemicals, food and consumer products, machinery and industrial products, building products, plastics and packaging, distribution and logistics, outsourced business services, and medical manufacturing. Red Diamond seeks to invest between $10 and $35 million of equity in each platform company. Target transaction types include management buyouts, recapitalizations, leveraged build-ups, and growth capital financings. Red Diamond is funded by and partnered with the Mitsubishi Corporation of Japan. Red Diamond was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 5 of 6
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 4 of 5
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-21 W.C. Wood

Guelph, Ontario, Canada

W.C. Wood Company, Inc. is a producer and marketer of consumer and commercial appliances, including chest and upright freezers, refrigerators and dehumidifiers. The company has three production facilities in the United States, Canada and Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Nutritional Laboratories International

Missoula, Montana, United States

Nutritional Laboratories International, Inc. is one of the manufacturers of nutritional and dietary supplements. The Company develops manufactures, and packages custom vitamin and mineral formulations, botanical, weight loss and other functional formula supplements for recognized branded product marketing companies.

Sell -
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