M&A Deal Summary

ShoreView Industries and Northstar Capital Acquire Rollease Acmeda

On August 8, 2013, private equity firm ShoreView Industries and mezzanine finance firm Northstar Capital acquired consumer products company Rollease Acmeda from Nova Capital Management and New Canaan Funding

Acquisition Highlights
  • This is ShoreView Industries’ 2nd and Northstar Capital’s 4th transaction in the Consumer Products sector.
  • This is ShoreView Industries’ 21st and Northstar Capital’s 55th transaction in the United States.
  • This is ShoreView Industries’ 1st and Northstar Capital’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2013-08-08
Target Rollease Acmeda
Sector Consumer Products
Buyer(s) ShoreView Industries
Northstar Capital
Sellers(s) Nova Capital Management
New Canaan Funding
Deal Type Recapitalization
Advisor(s) Kroll (Financial)

Target

Rollease Acmeda

Stamford, Connecticut, United States
Rollease Acmeda is a designer, manufacturer, and value-added distributor of components and fabrics for custom window coverings. The company is the market leader in clutch-based operating systems for roller shades and is at the forefront of the industry for innovation in motorization and child safety. Rollease Acmeda was established in 1980 and is based in Stamford, Connecticut.

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Buyer(S) 2

Buyer

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 22 of 47
Sector: Consumer Products M&A 2 of 2
Type: Recapitalization M&A Deals 10 of 14
State: Connecticut M&A 1 of 1
Country: United States M&A 21 of 46
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-04 Market Day

Itasca, Illinois, United States

Market Day Corp. is a marketer and distributor of restaurant quality food products sold to assist schools, youth, and community organizations with their fundraising efforts. The Company offers a wide range of frozen food products as part of a recurring Fundraising Program.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-15 Cass Polymers

Oklahoma City, Oklahoma, United States

Cass Polymers, Inc. is an operator of specialty chemical manufacturing company that produces several lines of commercial, industrial and military floor coatings as well as a line of resins, adhesives, and fillers for the automotive, yachting and industrial tooling markets. Cass Polymers is based in Oklahoma City.

Sell -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 57 of 121
Sector: Consumer Products M&A 4 of 13
Type: Recapitalization M&A Deals 8 of 17
State: Connecticut M&A 1 of 1
Country: United States M&A 55 of 116
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Preferred Automobile Credit Co.

Orwisburg, Pennsylvania, United States

Preferred Automobile Credit Co. is a specialty finance company that acquires and services auto finance contracts primarily in the below-prime credit tier.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 St. Croix Hospice

Oakdale, Minnesota, United States

St. Croix Hospice is a provider of hospice services. The Company delivers both hospice and a broader network of concurrent comfort and support services that are tailored to patients' and their family's individual needs and circumstances. St. Croix Hospice was founded in 2008 and based in Oakdale, Minnesota.

Buy -

Seller(S) 2

SELLER

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2002
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management is formed in 2002 and is based in London.


DEAL STATS #
Overall 21 of 40
Sector: Consumer Products M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 5 of 16
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 Wilkinson Steel & Metals

Vancouver, British Columbia, Canada

Wilkinson Steel & Metals, Inc. is a distributor of steel and metal products for customers in Western Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-09 Amerock

Columbia, Maryland, United States

Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

Buy -
SELLER

New Canaan Funding

New Canaan, Connecticut, United States

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.


DEAL STATS #
Overall 23 of 36
Sector: Consumer Products M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 1
State: Connecticut M&A 2 of 2
Country: United States M&A 23 of 35
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Technical Innovations

Norcross, Georgia, United States

Technical Innovation is a provider of custom design-build audio visual integration services and digital multimedia technology. The Company focuses on providing video-centric communication solutions to corporations, state and federal government agencies, universities, professional organizations and faith-based markets. Due to the Company's experience as an audio visual systems designer as well as its proprietary design-build integration process, Technical Innovation is uniquely positioned to provide its customers with comprehensive, customized services including turnkey design-build projects, custom software development and integration, full project management and ongoing customer support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Paradigm Tax Group

Phoenix, Arizona, United States

Paradigm Tax Group is an independent national provider of comprehensive property tax management services. PTG provides taxpayers with a full suite of services, including real and personal property tax appeals, pre-acquisition planning due diligence, complex property consulting, and business personal property tax compliance. Paradigm Tax Group was founded in 2004 and is based in Phoenix, Arizona.

Buy -