M&A Deal Summary

Teijin Acquires Continental Structural Plastics

On September 13, 2016, Teijin acquired plastics company Continental Structural Plastics from G. Scott Capital Partners, Howard Industries, CIC Partners, NMP Capital and American Capital for 825M USD

Acquisition Highlights
  • This is Teijin’s 1st transaction in the Plastics sector.
  • This is Teijin’s largest (disclosed) transaction.
  • This is Teijin’s 4th transaction in the United States.
  • This is Teijin’s 1st transaction in Michigan.

M&A Deal Summary
Date 2016-09-13
Target Continental Structural Plastics
Sector Plastics
Buyer(s) Teijin
Sellers(s) G. Scott Capital Partners
Howard Industries
CIC Partners
NMP Capital
American Capital
Deal Type Add-on Acquisition
Deal Value 825M USD

Target

Continental Structural Plastics

Auburn Hills, Michigan, United States
Continental Structural Plastics Inc. (CSP), is a manufacturer of compression-molded, reinforced plastics used in automotive and industrial end-products.

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Buyer(S) 1

Buyer

Teijin

Chiyoda, Japan
Category Company
Founded 1918
Sector Diversified
Employees21,834
Revenue 1.03T JPY (2024)
DESCRIPTION

Teijin is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has over 170 companies and around 20,000 employees spread out over 20 countries worldwide. Teijin was founded in 1918 and is based in Chiyoda, Japan.

DEAL STATS #
Overall 6 of 9
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 5 of 8
State (Michigan) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Neophotonics

San Jose, California, United States

Neophotonics is a designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. Neophotonics was founded in 1996 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Elitac B.V.

Utrecht, Netherlands

Elitac B.V. is a develops wearables based on integration of stretchable electronics in textiles, for professional end-users. Elitac is based in Utrecht, Netherlands.

Buy -

Seller(S) 5

SELLER

G. Scott Capital Partners

Darien, Connecticut, United States
Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Scott Capital Partners is a private equity firm focused on mid-sized transactions. The Firm looks to invest $5 to $40 million in transactions valued up to $100 million. Sectors of interest include niche manufacturing, healthcare services/products, business services, value-added distribution, industrial technology, consumer products, and retail. Prospective transaction types include management buyouts, family successions, recapitalizations, and growth capital financings. Scott will not invest in technology, biotech, life science, real estate, or oil/gas exploration. Scott Capital Partners is based in Rowayton, Connecticut.

DEAL STATS #
Overall 4 of 5
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Michigan) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Valterra Products

Mission Hills, California, United States

Valterra Products is a supplier of brand name product lines to the RV, Pool & Spa, and Plumbing Industries. Valterra's new maquiladora Contract Manufacturing Division offers low-cost custom manufacturing and assembly services to client companies seeking to reduce costs and improve the bottom line. Valterra Products was founded in 1981 and is based in Mission Hills, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 VCA Structural

Orange, California, United States

VCA Consultants is an engineering and consulting firm providing structural engineering services, green consulting, and code review to architects, builders and developers for commercial and residential projects. VCA Consultants is based in Orange, California.

Buy -
SELLER

Howard Industries

Westport, Connecticut, United States
Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Howard Industries is a private investment firm that invests in small to mid-sized growth companies with operations in the US, Europe, and China. Howard prefers manufacturing companies with specific interest in metal processing/treatment, primary and fabricated metal products, electric and electronic equipment, plastic processing and manufacturing, niche home products, gift products, specialty foods/distribution, value added service providers, electrical components, and mechanical components. The Firm generally looks for investments in privately held companies facing shareholder transitions or divestiture situations from larger corporations. Howard Industries has offices in Westport, Connecticut and Maryville, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-16 Continental Structural Plastics

Auburn Hills, Michigan, United States

Continental Structural Plastics Inc. (CSP), is a manufacturer of compression-molded, reinforced plastics used in automotive and industrial end-products.

Buy -
SELLER

CIC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 26 of 29
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Michigan) 1 of 1
Country (United States) 25 of 28
Year (2016) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Willie s

Houston, Texas, United States

Willie's is a regional fast casual restaurant concept operating 17 restaurants across Central Texas. Since opening its first restaurant, Willie's Grill & Icehouse has built a loyal following attracted to its made-from-scratch, Texas-inspired fare. Hearty burgers, local seafood, and fresh salads accompany troughs packed with an ice-cold beer in a rustic setting reminiscent of a Lone Star icehouse. Willie's was formed in 1993 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Activa Resources

San Antonio, Texas, United States

Activa Resources is an independent oil and gas company that focuses on the acquisition, development, and exploitation of oil and natural gas properties in the United States. The company owns a portfolio of drilling rights to oil and natural gas projects. The company's management comprises oil industry experts with many years of operational experience at major international oil companies. Activa commenced production of oil and natural gas in 2005 and is based in San Antonio, Texas.

Buy -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 38 of 53
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 16 of 26
State (Michigan) 3 of 4
Country (United States) 36 of 51
Year (2016) 3 of 4
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 General Products

Livona, Michigan, United States

General Products Corp. is a provider of full-service supplier of highly-engineered, complex and precision-machined components and assemblies to the North American automotive and heavy-duty truck markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 Stanton Carpet

Syosset, New York, United States

Stanton Carpet is a designer and distributor of decorative, high-quality branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton Carpet was founded in 1980 and is based in Syosset, New York.

Sell -
SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 178 of 194
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 84 of 87
State (Michigan) 2 of 2
Country (United States) 172 of 186
Year (2016) 7 of 9
Size (of disclosed) 4 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Pacific Handy Cutter

Irvine, California, United States

Pacific Handy Cutter is a designer, manufacturer, and marketer of branded razor cutting tools with enhanced safety features designed to eliminate workplace injuries and product damage in commercial backroom operations. Pacific Handy Cutter was founded in 1950 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 AmWINS

Charlotte, North Carolina, United States

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

Sell -
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