M&A Deal Summary

Tarkett Acquires Tandus Centiva

On September 26, 2012, Tarkett acquired building materials company Tandus Centiva from Norwest Equity Partners and Oaktree Capital Management

Acquisition Highlights
  • This is Tarkett’s 1st transaction in the Building Materials sector.
  • This is Tarkett’s 1st transaction in the United States.
  • This is Tarkett’s 1st transaction in Georgia.

M&A Deal Summary
Date 2012-09-26
Target Tandus Centiva
Sector Building Materials
Buyer(s) Tarkett
Sellers(s) Norwest Equity Partners
Oaktree Capital Management
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Tandus Centiva

Dalton, Georgia, United States
Tandus Centiva, Inc. is a manufacturer of floorcovering solutions for the commercial and institutional markets.

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Buyer(S) 1

Buyer

Tarkett

Paris, France
Category Company
Founded 1886
Sector Building Materials
Employees12,384
Revenue 3.4B EUR (2023)
DESCRIPTION

Tarkett is a manufacturer of resilient and hardwood flooring. Tarkett was founded in 1886 and is based in Paris, France.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Georgia) 1 of 2
Country (United States) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Desso Group BV

Waalwijk, Netherlands

Desso Group BV is a highly innovative manufacturer of carpet, carpet tiles and artificial grass.

Buy €160M

Seller(S) 2

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 20 of 54
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 10 of 20
State (Georgia) 1 of 4
Country (United States) 20 of 52
Year (2012) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-17 Minnesota Rubber & Plastics

Minneapolis, Minnesota, United States

Minnesota Rubber & Plastics is a full-service provider of high-value rubber and plastic molded components and assembly solutions. MRP offers highly engineered elastomer and thermoplastic solutions for medical, water, industrial, and other end markets globally. Minnesota Rubber and Plastics was founded in 1945 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 The Waddington Group

Covington, Kentucky, United States

The Waddington Group is a manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. Headquartered in Covington, KY, the company operates seventeen manufacturing facilities across the U.S., Canada, the United Kingdom and Ireland.

Sell -
SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.

DEAL STATS #
Overall 33 of 77
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 20 of 31
State (Georgia) 3 of 4
Country (United States) 28 of 53
Year (2012) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-10 Nordenia International AG

Greven, Germany

Nordenia International AG is a multinational manufacturer of technically innovative and value-added plastic film and packaging for customers in the food, hygiene, chemical and automotive industries.

Sell €259M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 Jackson Square Aviation

San Francisco, California, United States

Jackson Square Aviation LLC is a full-service aircraft leasing company.

Sell $1.3B
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