M&A Deal Summary

Nova Capital Management and Landon Capital Partners Acquire Walbro

On October 28, 2021, secondary investor Nova Capital Management and family office Landon Capital Partners acquired machinery company Walbro from The Carlyle Group

Acquisition Highlights
  • This is Nova Capital Management’s 4th and Landon Capital Partners’ 1st transaction in the Machinery sector.
  • This is Nova Capital Management’s 14th and Landon Capital Partners’ 10th transaction in the United States.
  • This is Nova Capital Management’s 1st and Landon Capital Partners’ 1st transaction in Arizona.

M&A Deal Summary

Date 2021-10-28
Target Walbro
Sector Machinery
Buyer(s) Nova Capital Management
Landon Capital Partners
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target

Walbro

Tucson, Arizona, United States
Walbro is a large manufacturer of carburetors and a major manufacturer of ignition systems, fuel injection and air/fuel management components, and fuel storage and delivery components for engines targeted at outdoor power equipment, marine, recreational and two-wheel applications. Walbro is based in Tucson, Arizona.

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Buyer(S) 2

Buyer

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.


DEAL STATS #
Overall 42 of 42
Sector (Machinery) 4 of 4
Type (Secondary Buyout) 3 of 3
State (Arizona) 1 of 1
Country (United States) 14 of 14
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Amerock

Columbia, Maryland, United States

Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Wescon Plastics

Wichita, Kansas, United States

Wescon Plastics is a manufacturer of custom plastic injection moulded parts using highly-engineered resins primarily for the battery and heavy duty truck industries. Wescon Plastics was founded in 1972 and is based in Wichita, Kansas.

Sell -
DESCRIPTION

Landon Capital Partners is a family office focused on acquiring healthcare services, niche manufacturing, business services, and food/beverage companies. Landon Capital seeks control situations and prefers US-based opportunities, although the Firm will opportunistically consider acquisitions in Europe. Target companies generally exhibit opportunities to create value, strong management, and predictable earnings. Landon Capital Partners was formed in 2015 and is based in Boston, Massachusetts, and has offices in New York and London.


DEAL STATS #
Overall 10 of 13
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Arizona) 1 of 2
Country (United States) 10 of 12
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Red Apple Cheese

Barron, Wisconsin, United States

Red Apple Cheese is an omni-channel market leader in smoked, flavored, and kosher all-natural cheese. With roots in both Wisconsin’s dairyland and New England, Heartisan brings time-honored cheesemaking traditions to each piece of cheese using decades of family experience. Red Apple utilizes a slow, meticulous, cold-smoking process with specially aged apple pulp and hardwood to create the perfect cheese. Red Apple Cheese was founded in 1991 and is based in Barron, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Momentum Manufacturing Group

Georgetown, Massachusetts, United States

Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

Sell -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 431 of 481
Sector (Machinery) 10 of 11
Type (Secondary Buyout) 96 of 117
State (Arizona) 5 of 6
Country (United States) 236 of 259
Year (2021) 23 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Saama

Campbell, California, United States

Saama is a provider of a data science solutions and services company delivering big data solutions to global 2000 clients. Saama was founded in 1997 and is based in Campbell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 T2 Systems

Indianapolis, Indiana, United States

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

Sell $356M