M&A Deal Summary

The Carlyle Group Acquires Array Marketing

On December 7, 2015, private equity firm The Carlyle Group acquired marketing company Array Marketing from TorQuest and Westerkirk Capital

Acquisition Highlights
  • This is The Carlyle Group’s 11th transaction in the Marketing sector.
  • This is The Carlyle Group’s 6th transaction in Canada.
  • This is The Carlyle Group’s 3rd transaction in Ontario.

M&A Deal Summary

Date 2015-12-07
Target Array Marketing
Sector Marketing
Buyer(s) The Carlyle Group
Sellers(s) TorQuest
Westerkirk Capital
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)

Target

Array Marketing

Toronto, Ontario, Canada
Array Marketing is a provider of in-store marketing services for the retailers and brand manufacturers. Array Canada is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 549 of 744
Sector (Marketing) 11 of 14
Type (Secondary Buyout) 71 of 130
State (Ontario) 3 of 4
Country (Canada) 6 of 8
Year (2015) 39 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 The Innovation Group

Hampshire, United Kingdom

The Innovation Group is a provider of business process outsourcing and technology solutions to the insurance, fleet and automotive industries. The Innovation Group was founded in 1996 and is based in Hampshire, United Kingdom.

Buy £500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 Hunkemöller

Hilversum, Netherlands

Hunkemöller is an operator of lingerie specialists in Europe with stores in the Benelux countries, as well as Germany. Hunkemöller designs, sources and distributes lingerie through its store network. Hunkemöller was founded in 1886 and is based in Hilversum, Netherlands.

Buy -

Seller(S) 2

SELLER

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 12 of 26
Sector (Marketing) 1 of 1
Type (Secondary Buyout) 5 of 10
State (Ontario) 6 of 11
Country (Canada) 9 of 20
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 FirstOnSite Restoration

Mississauga, Ontario, Canada

FirstOnSite Restoration L.P. is a provider of disaster restoration services in Canada to residential, commercial and industrial clients. FirstOnSite is a full service restoration provider with emergency and re-build expertise in water losses, wind damage, fire and smoke damage, sewer backup, document restoration, hurricane and tornado restorations, odour control, contents handling, drying, electronic repairs, mould remediation, asbestos remediation, petroleum spills and infection control.

Sell -
SELLER

Westerkirk Capital

Victoria, British Columbia, Canada

Category Asset Manager
Size Small
Type Sector Agnostic
DESCRIPTION

Westerkirk Capital is an investment firm focused on partnering with business owners and managers to pursue growth opportunities. The Firm manages private capital for a single Canadian investor and generally takes a long-term approach when investing. Westerkirk is a generalist investor, with interest in transportation, apparel, media, manufacturing, business services, aerospace, consumer products, and real estate. Westerkirk Capital is based in Victoria, British Columbia.


DEAL STATS #
Overall 4 of 5
Sector (Marketing) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Ontario) 3 of 3
Country (Canada) 4 of 5
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 Gaspard & Sons

Winnipeg, Manitoba, Canada

Gaspard & Sons Ltd. is a manufacturer and distributor of academic regalia, clergy vestments, choral robes, and legal and judicial attire. The Company’s products are primarily sold direct-to-user in Canada, while the U.S. market is served via a combination of company and independent representatives.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-22 Demers Ambulances

Beloeil, Quebec, Canada

Demers Ambulances is the second largest ambulance manufacturer in North America. Demers Ambulances is accredited by Transport Canada and is recognized as a "Qualified Vehicles Modification" (QVM) by Ford, holds the US National Truck Equipment Association (NTEA) Member Verification Program (MVP) certification, and holds the BNQ1013 certification from the Bureau de Normalization du Québec (BNQ). Demers Ambulances was founded in 1960 and is based in Beloeil, Quebec.

Sell -