M&A Deal Summary

Onex Partners Acquires SGS

On September 4, 2012, private equity firm Onex Partners acquired packaging company SGS from Court Square Capital Partners for 813M USD

Acquisition Highlights
  • This is Onex Partners’ 1st transaction in the Packaging sector.
  • This is Onex Partners’ 14th largest (disclosed) transaction.
  • This is Onex Partners’ 20th transaction in the United States.
  • This is Onex Partners’ 3rd transaction in Kentucky.
Investment Fate
  • SGS was recapitalized in 2021.
  • SGS was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2012-09-04
Target SGS
Sector Packaging
Buyer(s) Onex Partners
Sellers(s) Court Square Capital Partners
Deal Type Secondary Buyout
Deal Value 813M USD

Target

SGS

Louisville, Kentucky, United States
SGS is a global provider of packaging graphic services to branded consumer products companies, retailers and the printers that service them. SGS was founded in 1946 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 21.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 24 of 63
Sector: Packaging M&A 1 of 3
Type: Secondary Buyout M&A Deals 4 of 17
State: Kentucky M&A 3 of 3
Country: United States M&A 20 of 45
Year: 2012 M&A 1 of 4
Size (of disclosed) 14 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 RAYUS Radiology

St Louis Park, Minnesota, United States

RAYUS Radiology is a provider of diagnostic and therapeutic radiology services in the US. The organization, with nearly 2,000 associates nationally, is committed to delivering clinical excellence in communities across the U.S. driven by its affiliated subspecialized radiologist network, compassionate, safe, and cost-efficient care, and superior service to referring providers and patients. RAYUS Radiology was founded in 1981 and is based in St Louis Park, Minnesota.

Sell $91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 KraussMaffei

Parsdorf, Germany

KraussMaffei is a manufacturer of plastics and rubber processing machinery and of injection molding machines. It originally included four brands: KraussMaffei, Netstal, Demag, and Berstorff. KraussMaffei is based in Parsdorf, Germany.

Buy $731M

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 27 of 57
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 19
State: Kentucky M&A 1 of 1
Country: United States M&A 24 of 54
Year: 2012 M&A 2 of 2
Size (of disclosed) 13 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Mosaic Sales Solutions

Irving, Texas, United States

Mosaic Sales Solutions Corp. is the North American leader in providing outsourced sales and marketing solutions at the point-of-purchase for global branded consumer products and services companies such as Disney, Epson, Microsoft, American Express, Procter & Gamble, MBNA and LaBatt, as well as for “big box” retailers such as Best Buy, Wal-Mart and K-Mart. Mosaic leverages its nationwide network of 10,000 sales and marketing personnel in the field to create sales solutions that are more efficient than what most companies could achieve in-house. These representatives provide three general types of sales and marketing services to Mosaic’s consumer products and retail customers: merchandising (62% of revenues), selling (30% of revenues) and event marketing (8% of revenues).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 Vestcom

Little Rock, Arkansas, United States

Vestcom is a provider of technology-enabled shelf-edge media solutions to the retail and consumer products industry. The company offers an array of solutions including customized shelf-edge labels, branding and promotional content labels, and shelf-edge strips with product information. Vestcom was founded in 1996 and is based in Little Rock, Arkansas.

Buy -