M&A Deal Summary

Shipston Group Limited Acquires Compass Automotive Group

On November 2, 2015, private equity firm Shipston Group Limited acquired automotive company Compass Automotive Group from Monomoy Capital Partners

Acquisition Highlights
  • This is Shipston Group Limited’s 1st transaction in the Automotive sector.
  • This is Shipston Group Limited’s 2nd transaction in the United States.
  • This is Shipston Group Limited’s 1st transaction in Michigan.

M&A Deal Summary

Date 2015-11-02
Target Compass Automotive Group
Sector Automotive
Buyer(s) Shipston Group Limited
Sellers(s) Monomoy Capital Partners
Deal Type Secondary Buyout
Advisor(s) Kirkland & Ellis (Legal)

Target

Compass Automotive Group

Farmington Hills, Michigan, United States
Compass Automotive Group, LLC is a designer and manufacturer of aluminum chassis and suspension components for the North American automotive industry.

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Buyer(S) 1

DESCRIPTION

Shipston Group Limited is self-funded international private investment firm focused on opportunities in the US, Eastern Europe, Russia, Australia, and China. Areas of focus include biotech, clean energy and transportation, healthcare, manufacturing, natural resources, and real estate. The Firm's objective is to operate a group of companies established through acquisitions and developed further through continuing investment. Shipston Group Limited was formed in 1996 and is headquartered in Bermuda.


DEAL STATS #
Overall 2 of 3
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 2
Country (United States) 2 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Busche Enterprise Division

Albion, Louisiana, United States

Busche Enterprise Division, Inc. is a machining manufacturing company, engages in the machining of castings and forgings for automobile, agricultural, construction, and durable goods industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 3Point Machining

Southfield, Michigan, United States

3Point Machining, Inc. is a designer, manufacturer and supplier of precision machined components and assemblies to the automotive, heavy duty, and military markets

Buy -

Seller(S) 1

SELLER

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.


DEAL STATS #
Overall 13 of 20
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 4 of 5
State (Michigan) 3 of 3
Country (United States) 13 of 20
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-29 Cobra Electronics

Chicago, Illinois, United States

Cobra Electronics is a designer and marketer of mobile communications and navigation products in the United States, Canada, Europe and throughout the world.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Construction Resources

Decatur, Georgia, United States

Construction Resources is a specialty building products provider for home builders in the Southeast. Construction Resources fabricates, distributes, and installs countertops, appliances, hearth products, garage doors, glass and mirror products, flooring products, lighting products, and cabinets. Construction Resources is based in Decatur, Georgia.

Buy -