M&A Deal Summary

Pritzker Private Capital, Ardian and Alvarez & Marsal Capital Partners Acquire ProAmpac

On October 17, 2016, family office Pritzker Private Capital, private equity firm Ardian and private equity firm Alvarez & Marsal Capital Partners acquired packaging company ProAmpac from Wellspring Capital Management and Alvarez & Marsal Capital Partners

Acquisition Highlights
  • This is Pritzker Private Capital’s 3rd, Ardian’s 6th and Alvarez & Marsal Capital Partners’ 2nd transaction in the Packaging sector.
  • This is Pritzker Private Capital’s 16th, Ardian’s 36th and Alvarez & Marsal Capital Partners’ 5th transaction in the United States.
  • This is Pritzker Private Capital’s 2nd, Ardian’s 1st and Alvarez & Marsal Capital Partners’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2016-10-17
Target ProAmpac
Sector Packaging
Buyer(s) Pritzker Private Capital
Ardian
Alvarez & Marsal Capital Partners
Sellers(s) Wellspring Capital Management
Alvarez & Marsal Capital Partners
Deal Type Secondary Buyout

Target

ProAmpac

Cincinnati, Ohio, United States
ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.

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Buyer(S) 3

Buyer

Pritzker Private Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 1996
Size Large
Type Sector Agnostic
DESCRIPTION

Pritzker Private Capital is a family office and private investment firm focused on leveraged buyouts, acquisitions, and recapitalizations of profitable, middle-market, North American companies across a broad range sectors. Specific industries of interest include consumer products and services, industrial products and services, distribution, telecommunications, IT, healthcare, and business services. Target enterprise values are generally between $200 million and $1.5 billion. Pritzker Private Capital was formed in 1996 and is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 29
Sector (Packaging) 3 of 3
Type (Secondary Buyout) 10 of 15
State (Ohio) 2 of 4
Country (United States) 16 of 29
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 PathGroup

Brentwood, Tennessee, United States

PathGroup is a provider of anatomic pathology and clinical lab services throughout U.S. It is a physician-led company currently working with more than 70 hospitals and thousands of group practices across U.S. to deliver quality results with unmatched responsiveness. PathGroup was formed in 1965 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-11 Signicast

Hartford, Wisconsin, United States

Signicast Corp. is an automated and vertically integrated manufacturer of precision investment cast parts.

Sell -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 281 of 418
Sector (Packaging) 6 of 8
Type (Secondary Buyout) 90 of 137
State (Ohio) 1 of 2
Country (United States) 36 of 59
Year (2016) 29 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-14 Allegro

Poznan, Poland

Allegro is an online marketplace in Poland that connects consumers with merchants. With more than 20 million users per month, 13 million active buyers and 125,000 merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. The group also operates Ceneo.pl - Poland’s leading online price comparison website, and eBilet – the leading event ticket sales site in Poland. Allegro was founded in 1999 and is based in Poznan, Poland.

Buy $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 BestSecret

Munich, Germany

BestSecret sells more than 3,000 designer brands at attractive prices through its website BestSecret.com as well as three stores in Munich and Vienna. Its exclusive membership is based on invitation only which creates both high-desirability and strong customer engagement, driving double-digit annual growth over the past years. BestSecret was founded in 1924 and is based in Munich, Germany.

Sell -
Buyer

Alvarez & Marsal Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 5 of 26
Sector (Packaging) 2 of 4
Type (Secondary Buyout) 1 of 11
State (Ohio) 2 of 3
Country (United States) 5 of 20
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 ProAmpac

Cincinnati, Ohio, United States

ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Gabe s

Morgantown, West Virginia, United States

Gabe's operates 100+ stores under the Gabe's and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast. The Company sells apparel, footwear, accessories, and home brands at up to 70% off department and specialty store prices. The Company was founded in 1961 by the Gabriel family and is headquartered in Morgantown, West Virginia.

Sell -

Seller(S) 2

SELLER

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 26 of 37
Sector (Packaging) 3 of 3
Type (Secondary Buyout) 8 of 15
State (Ohio) 3 of 4
Country (United States) 22 of 33
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 National Seating & Mobility

Franklin, Tennessee, United States

National Seating & Mobility is a provider of complex rehabilitation seating, mobility, and positioning systems. NSM provides personalised solutions to individuals with mobility challenges by bringing together industry-leading expertise, uniquely engineered systems, and breakthrough technologies. National Seating & Mobility was founded in 1992 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Hoffmaster Group

Oshkosh, Wisconsin, United States

Hoffmaster Group is a designer, manufacturer and supplier of decorated, premium disposable tableware (including napkins, plates, tablecovers and placemats) sold to major consumer retail and foodservice customers. The Company is highly regarded for its design and manufacturing capabilities, providing the Company with unique growth opportunities as retailers expand their seasonal and party/life celebration planograms, and as national restaurant and hospitality chains increasingly realize the branding and cost-in-use benefits of premium disposable tableware products. Hoffmaster Group was founded in 1947 and is based in Oshkosh, Wisconsin.

Buy -
SELLER

Alvarez & Marsal Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 1 of 6
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 6
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 ProAmpac

Cincinnati, Ohio, United States

ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Gabe s

Morgantown, West Virginia, United States

Gabe's operates 100+ stores under the Gabe's and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast. The Company sells apparel, footwear, accessories, and home brands at up to 70% off department and specialty store prices. The Company was founded in 1961 by the Gabriel family and is headquartered in Morgantown, West Virginia.

Sell -
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