M&A Deal Summary

Tecnocap Acquires Tecnocap

On March 27, 2006, Tecnocap acquired manufacturer Tecnocap from Tonka Bay Equity Partners and Prism Capital

Acquisition Highlights
  • This is Tecnocap’s 1st transaction in the Manufacturing sector.
  • This is Tecnocap’s 1st transaction in the United States.
  • This is Tecnocap’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2006-03-27
Target Tecnocap
Sector Manufacturing
Buyer(s) Tecnocap
Sellers(s) Tonka Bay Equity Partners
Prism Capital
Deal Type Add-on Acquisition

Target

Tecnocap

Glen Dale, West Virginia, United States
Tecnocap LLC is a manufacturer of metal caps and closures. Penn Wheeling is a manufacturer of metal lid closures for glass jars used in applications including specialty food, personal care, pharmaceutical and other niche products. The company also has captive lithographic capabilities that allow it to compete across its diverse customer base for custom, fast turn around, short-run opportunities.

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Buyer(S) 1

Buyer

Tecnocap

Tirreni, Italy
Category Company
Sector Manufacturing
DESCRIPTION

The Tecnocap Group is a specialized metal closures manufacturer for glass jars and bottles and for plastic containers utilized in the food, the beverage, and the health and wellness packaging industry.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 2

SELLER

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 3 of 24
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 2 of 12
State (West Virginia) 1 of 1
Country (United States) 3 of 24
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-04 Calspan Aero Systems Engineering

St. Paul, Minnesota, United States

Calspan Aero Systems Engineering is a provider of mission-critical testing and engineering services to manufacturers of jet engines and industrial gas turbines, maintenance, repair, and overhaul (“MRO”) providers, governments, and militaries. Calspan ASE serves the aerospace and energy markets by offering independent testing services at its aerodynamic laboratory; design and build of aerodynamic wind tunnel facilities and equipment across all speed regimes including hypersonic; and design and build of engine test facilities and equipment. Calspan ASE was formed in 1967 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-03 RoadLink

Randolph, Massachusetts, United States

RoadLink, Inc. is a service provider of a privately held logistics services to customers with a unique combination of value-added services, including capabilities in logistics planning, asset management, intermodal transportation, integrated transportation and distribution solutions, and warehouse/freight handling. RoadLink was formed in 2003 and is based in Randolph, Massachusetts.

Sell -
SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 30
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 2 of 18
State (West Virginia) 1 of 1
Country (United States) 4 of 30
Year (2006) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Midland Packaging & Display

Franksville, Wisconsin, United States

Midland Packaging & Display, Inc. is a producer of value-added corrugated packaging and display products for customers in a wide array of industries including industrial, consumer and food and beverage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-28 OttLite

Tampa, Florida, United States

OttLite is the manufacturer of high definition, natural daylight products. OttLite’s products simulate specific wavelengths of natural daylight utilizing specially formulated phosphor combinations to enhance indoor activities. OttLite was founded in 1989 and is based in Tampa, Florida.

Buy -
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