M&A Deal Summary

ONCAP Management Partners Acquires Precision Concepts International

On December 4, 2017, private equity firm ONCAP Management Partners acquired packaging company Precision Concepts International from CI Capital Partners

Acquisition Highlights
  • This is ONCAP Management Partners’ 1st transaction in the Packaging sector.
  • This is ONCAP Management Partners’ 10th transaction in the United States.
  • This is ONCAP Management Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2017-12-04
Target Precision Concepts International
Sector Packaging
Buyer(s) ONCAP Management Partners
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)

Target

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.

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Buyer(S) 1

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 22 of 34
Sector (Packaging) 1 of 2
Type (Secondary Buyout) 7 of 10
State (North Carolina) 1 of 1
Country (United States) 10 of 19
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 CiCi s Pizza

Coppel, Texas, United States

CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-28 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.

Buy -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 16 of 27
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 7 of 14
State (North Carolina) 2 of 2
Country (United States) 13 of 24
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Summit Companies

Mendota Heights, Minnesota, United States

Summit Companies is a provider of fire and life safety service and installation company. Summit's end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Simplified Logistics

Westlake, Ohio, United States

Simplified Logistics is a third-party logistics (3PL) provider with a focus on less-than-truckload (LTL) transportation management services. Simplified's comprehensive service offering includes logistics consulting, transportation management, customer reporting, and freight audit and payment services. Simplified was founded in 2003 and is based in Westlake, Ohio.

Sell -