M&A Deal Summary |
|
|---|---|
| Date | 2014-08-04 |
| Target | CoActive Technologies |
| Sector | Electrical Equipment |
| Buyer(s) | Sensata Technologies |
| Sellers(s) |
Littlejohn
Intermediate Capital Group Trustar Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | William Blair BDA Partners (Financial) Troutman Pepper Hamilton Sanders (Legal) |
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| Category | Company |
|---|---|
| Founded | 1916 |
| Sector | Electrical Equipment |
| Employees | 19,400 |
| Revenue | 4.1B USD (2023) |
Sensata Technologies is a provider of sensing, electrical protection, control, and power management solutions with operations and business centers in 11 countries. Sensata's products improve safety, efficiency, and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle, and marine applications. Sensata Technologies was founded in 1916 and is based in Attleboro, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 16 |
| Sector (Electrical Equipment) | 2 of 5 |
| Type (Add-on Acquisition) | 4 of 14 |
| Country (China) | 1 of 1 |
| Year (2014) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-02 |
Wabash Technologies
Huntington, Indiana, United States Wabash Technologies designs and manufactures sensor and actuator products for the automotive, heavy-duty truck and off-highway sectors. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-14 |
Schrader International
Englewood, Colorado, United States Schrader is a manufacturer and only vertically integrated supplier of Tire Pressure Monitoring Systems (“TPMS”) and the leader in fluid control components for a diverse range of automotive and industrial end markets. |
Buy | $1.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 7.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 48 |
| Sector (Electrical Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 10 of 22 |
| Country (China) | 1 of 1 |
| Year (2014) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-20 |
NWH
Frisco, Texas, United States NWH is a manufacturer and distributor of North American hardwood lumber. The company serves the repair and remodel, residential construction, industrial, and export markets. The company converts hardwood logs into a rough cut and kiln-dried lumber, and then planes and sorts the lumber boards into an array of grades for appearance wood applications. NWH is based in Frisco, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-07 |
Clean Earth
Hatboro, Pennsylvania, United States Clean Earth, Inc. is a provider of environmental services for a variety of contaminated materials including soils, dredged materials, and hazardous waste and drill cuttings. The company analyzes, treats, documents, and recycles waste streams generated in multiple end-markets such as power, construction, oil & gas, infrastructure, industrial, and dredging. Treatment includes thermal desorption, dredged material stabilization, bioremediation, physical treatment/screening, and chemical fixation. Clean Earth was established in 1990 and is based in Hatboro, Pennsylvania. |
Sell | $243M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 149 of 217 |
| Sector (Electrical Equipment) | 7 of 8 |
| Type (Add-on Acquisition) | 42 of 67 |
| Country (China) | 1 of 1 |
| Year (2014) | 7 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-30 |
Bureau van Dijk
Amsterdam, Netherlands Bureau van Dijk is a global provider of business intelligence and company information. Bureau van Dijk, operating from its Amsterdam headquarters, aggregates, standardizes and distributes one of the world’s most extensive private company datasets, with coverage exceeding 220 million companies. Over 30 years, the company has built partnerships with more than 160 independent information providers, creating a platform that connects customers with data that addresses a wide range of business challenges. Bureau van Dijk’s solutions support the credit analysis, investment research, tax risk, transfer pricing, compliance and third-party due diligence needs of financial institutions, corporations, professional services firms and governmental authorities worldwide. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-08 |
PHS Group
Caerphilly, United Kingdom PHS Group Plc provides washroom services (cleaning and maintenance) to customers across the UK. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 7.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 24 |
| Sector (Electrical Equipment) | 1 of 2 |
| Type (Add-on Acquisition) | 3 of 12 |
| Country (China) | 1 of 5 |
| Year (2014) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-30 |
DDS Lab
Tampa, Florida, United States DDS Lab is a National Board Certified full-service dental laboratory that specializes in crown and bridge cases, dentures, partials, implant restorations, attachments, and orthodontic appliances, serving dental service organizations, mid-size group practices, and sole practitioner dentists across the United States. DDS Lab was founded in 2005 and is based in Tampa, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-18 |
King Koil China
Shanghai, China King Koil China is a premium manufacturer and retailer of mattresses in China. King Koil China is also rapidly expanding its retail business through both offline and online formats. King Koil China was founded in 2000 and is based in Shanghai, China. |
Buy | - |
