Investment Summary

Norwest Equity Partners, Apogem Capital and NMP Capital Invest In Actagro

On December 30, 2011, private equity firm Norwest Equity Partners, asset manager Apogem Capital and mezzanine finance firm NMP Capital invested in chemicals company Actagro from RedCloud Capital

Investment Highlights
  • This is Norwest Equity Partners’ 2nd, Apogem Capital’s 1st and NMP Capital’s 3rd transaction in the Chemicals sector.
  • This is Norwest Equity Partners’ 34th, Apogem Capital’s 27th and NMP Capital’s 46th transaction in the United States.
  • This is Norwest Equity Partners’ 7th, Apogem Capital’s 2nd and NMP Capital’s 6th transaction in California.
Investment Fate
  • Actagro was sold to a publicly-traded strategic buyer in 2019 for 340M USD.

Investment Summary

Date 2011-12-30
Target Actagro
Sector Chemicals
Investor(s) Norwest Equity Partners
Apogem Capital
NMP Capital
Sellers(s) RedCloud Capital
Deal Type Growth Capital
Advisor(s) Integris Partners (Financial)

Target

Actagro

Biola, California, United States
Actagro LLC is a developer, manufacturer, and marketer of environmentally sustainable soil and plant health products and technologies. Actagro’s premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers.

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Investor(S) 3

Investor

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 35 of 75
Sector: Chemicals M&A 2 of 2
Type: Growth Capital M&A Deals 4 of 16
State: California M&A 7 of 8
Country: United States M&A 34 of 72
Year: 2011 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 The Waddington Group

Covington, Kentucky, United States

The Waddington Group is a manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. Headquartered in Covington, KY, the company operates seventeen manufacturing facilities across the U.S., Canada, the United Kingdom and Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-26 Savage Arms

Westfield, Massachusetts, United States

Savage Arms is a manufacturer of hunting rifles and shotguns, delivering innovative products for more than 100 years. Savage Arms was formed in 1894 and is based in Westfield, Massachusetts.

Buy -
Investor

Apogem Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 27 of 70
Sector: Chemicals M&A 1 of 2
Type: Growth Capital M&A Deals 4 of 10
State: California M&A 2 of 4
Country: United States M&A 27 of 70
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 The Glover Park Group

Washington, District of Columbia, United States

The Glover Park Group is a strategic communications company. The firm delivers advocacy and image advertising, public affairs services, media relations, issues and crisis management, legislative affairs, research and corporate communications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Dura-Line Holdings

Knoxville, Texas, United States

Dura-Line Holdings, Inc. is a manufacturer and distributor of communication and energy infrastructure plastic products and systems including conduit, cable-in-conduit, pipe, and accessories.

Sell -
Investor

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 48 of 89
Sector: Chemicals M&A 3 of 3
Type: Growth Capital M&A Deals 6 of 12
State: California M&A 6 of 7
Country: United States M&A 46 of 86
Year: 2011 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Kuss Filtration

Bloomer, Washington, United States

Kuss Filtration, Inc. is a provider of light duty automotive and industrial filtration solutions serving original equipment manufacturer customers in the automotive, industrial equipment, materials handling, lawn and garden, agricultural and motorcycle industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-26 Savage Arms

Westfield, Massachusetts, United States

Savage Arms is a manufacturer of hunting rifles and shotguns, delivering innovative products for more than 100 years. Savage Arms was formed in 1894 and is based in Westfield, Massachusetts.

Buy -

Seller(S) 1

DESCRIPTION


DEAL STATS #
Overall 1 of 3
Sector: Chemicals M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Actagro

Biola, California, United States

Actagro LLC is a developer, manufacturer, and marketer of environmentally sustainable soil and plant health products and technologies. Actagro’s premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-08 S&N Communications

Louisa, Virginia, United States

S&N Communications is a specialty infrastructure services provider primarily focused on maintenance, repair, upgrade, and new construction services for communications and electric utilities infrastructure. S&N Communications was formed in 1977 and is based in Louisa, Virginia.

Sell -