M&A Deal Summary

Novacap and ONCAP Management Partners Acquire Mayzon

On December 28, 2017, private equity firms Novacap and ONCAP Management Partners acquired consumer products company Mayzon

Acquisition Highlights
  • This is Novacap’s 3rd and ONCAP Management Partners’ 3rd transaction in the Consumer Products sector.
  • This is Novacap’s 10th and ONCAP Management Partners’ 11th transaction in the United States.
  • This is Novacap’s 2nd and ONCAP Management Partners’ 2nd transaction in New York.

M&A Deal Summary

Date 2017-12-28
Target Mayzon
Sector Consumer Products
Buyer(s) Novacap
ONCAP Management Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Mayzon

New York, New York, United States
Mayzon specializes in the development and distribution of home fashion products. Mayzon is a global operation with offices in the USA, Canada and China. It operates through its entities Maytex in the United States and Banyo-Decolin in Canada. With multiple warehouses in North America and an innovation center in New York, Mayzon creates, develops, sources and distributes home fashion products, mainly shower curtains, metal bath and window products, window curtains and slipcovers to national retailers. Mayzon was founded in 1929 and is based in New York.

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Buyer(S) 2

Buyer

Novacap

Brossard, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 8.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.


DEAL STATS #
Overall 38 of 66
Sector: Consumer Products M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 34
State: New York M&A 2 of 5
Country: United States M&A 10 of 22
Year: 2017 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Joseph Ribkoff

Dorval, Quebec, Canada

Joseph Ribkoff creates ingenious collections for busy women around the world. Now a fashion pioneer, dictating trends and guiding women and styles, the company continues to innovate to meet the multidimensional needs of today's women. Joseph Ribkoff was founded in 1957 and is based in Dorval, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Horizon

Columbus, Ohio, United States

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.

Buy -
Buyer

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.


DEAL STATS #
Overall 23 of 35
Sector: Consumer Products M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 15 of 17
State: New York M&A 2 of 2
Country: United States M&A 11 of 20
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Precision Concepts International

Mooresville, North Carolina, United States

Precision Concepts International is a specialty plastic packaging company providing a broad array of packaging solutions to the personal care and pharmaceutical markets. Precision Concepts International was founded in 2003 and is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 Pinnacle Renewable Energy

Richmond, British Columbia, Canada

Pinnacle Renewable Energy is a producer of industrial wood pellets in the world. Pinnacle Renewable Energy's products are used to displace fossil fuels in the production of baseload electrical power in key markets around the world. Pinnacle Renewable Energy operates nine production facilities in Western Canada and one in Alabama, with one additional facility under construction in Alabama and more in development. Pinnacle Renewable Energy was founded in 1989 and is based in Richmond, British Columbia.

Sell -