Investment Summary

The Riverside Company Invests In HMI Cardinal

On January 3, 2018, private equity firm The Riverside Company invested in manufacturer HMI Cardinal

Investment Highlights
  • This is The Riverside Company’s 20th transaction in the Manufacturing sector.
  • This is The Riverside Company’s 161st transaction in the United States.
  • This is The Riverside Company’s 2nd transaction in Kentucky.

Investment Summary
Date 2018-01-03
Target HMI Cardinal
Sector Manufacturing
Investor(s) The Riverside Company
Deal Type Growth Capital
Advisor(s) Moss Adams Capital (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

HMI Cardinal

Louisville, Kentucky, United States
HMI Cardinal is a manufacturer and distributor of glass and metal products and associated hardware for shower enclosures, storefronts and other applications. Cardinal provides products for residential, hospitality and light commercial use. Based in Louisville, Kentucky, the company manufactures at its own factory and operates seven distribution centers and nine delivery warehouses to meet the needs of roughly 5,000 customers across the U.S. and Canada.

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Investor(S) 1

Investor

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 228 of 284
Sector (Manufacturing) 20 of 20
Type (Growth Capital) 42 of 58
State (Kentucky) 2 of 2
Country (United States) 161 of 196
Year (2018) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Alter Pharma

Anderlecht, Belgium

Alter Pharma distributes EU-sourced pharmaceutical products to wholesalers pharmacies and hospitals. It also develops and reformulates generic pharmaceuticals using GMP approved third-party manufacturers, and sells them internationally through partnerships.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Connexient

New York, New York, United States

Connexient LLC is a provider of Indoor Mapping, Navigation and Location-based Services for Enterprises with large, complex buildings and campuses. The MediNav Navigator Edition Patient Experience solution helps hospitals and healthcare networks to increase customer satisfaction and loyalty, reduce missed or late appointments and improve HCAHPS scores. Connexient was established in 2015 and is based in New York City.

Buy -
Mergr

Product

Company

Legal