M&A Deal Summary

Talon Group Acquires ACT Test Panels

On August 1, 2007, private equity firm Talon Group acquired automotive company ACT Test Panels from The Riverside Company

Acquisition Highlights
  • This is Talon Group’s 1st transaction in the Automotive sector.
  • This is Talon Group’s 1st transaction in the United States.
  • This is Talon Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2007-08-01
Target ACT Test Panels
Sector Automotive
Buyer(s) Talon Group
Sellers(s) The Riverside Company
Deal Type Secondary Buyout

Target

ACT Test Panels

Hillsdale, Michigan, United States
ACT Test Panels is a manufacturer of automotive paint-test panels in North America and an independent provider of automotive paint testing and certification services to paint manufacturers and automotive component makers. ACT Test Panels was founded in 1981 and is based in Hillsdale, Michigan.

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Buyer(S) 1

Buyer

Talon Group

Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Talon Group is a private investment firm focused on acquiring lower middle-market companies with a preference for businesses located near Detroit, Michigan. The Firm seeks companies operating in niche sectors with market sizes less then $300 million. Target companies generally have $5 to $25 million in revenues and EBITDA of $1 to $5 million. Talon Group is based in Grosse Point, Michigan.

DEAL STATS #
Overall 1 of 4
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 4
Country (United States) 1 of 4
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-02 Homer Donaldson

Hudson, Michigan, United States

Homer Donaldson produces chrysler clutch shafts and visor rods. The company products products include wire forming for automotive, aircraft,medical, industrial and marine. Homer Donaldson was founded in 1945 and is based in Hudson, Michigan.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 24 of 191
Sector (Automotive) 3 of 4
Type (Secondary Buyout) 9 of 77
State (Michigan) 1 of 6
Country (United States) 17 of 133
Year (2007) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-30 Welltec International

Alleroed, Denmark

Welltec International is a provider of precision robotic solutions for oil and gas wells, helping the world's major oil producers increase production and prolong the producing lives of their wells and reservoirs. Welltec International is based in Alleroed, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Keycast Oy

Helsinki, Finland

Keycast Oy comprises four steel-foundry companies in Finland and Sweden, making up the most comprehensive steel foundry consortium in Northern Europe. Each company possesses specialized expertise in its own field and serves customers in the Nordic countries, Europe and the U.S.

Buy -
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