M&A Deal Summary |
|
|---|---|
| Date | 2012-11-01 |
| Target | Dexter Axle |
| Sector | Automotive |
| Buyer(s) |
Fifth Street Capital
The Sterling Group Manulife Investment Management |
| Sellers(s) | Tomkins Industries. |
| Deal Type | Divestiture |
| Deal Value | 360M USD |
| Advisor(s) | Credit Suisse Investment Banking Fidus Partners Jamieson Corporate Finance LLP (Financial) Morrison & Foerster (Legal) |
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Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 70 |
| Sector (Automotive) | 1 of 1 |
| Type (Divestiture) | 2 of 3 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 61 of 69 |
| Year (2012) | 11 of 13 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-01 |
CPS
Dublin, Ohio, United States CPS is a provider of outsourced pharmacy services to hospitals and integrated health systems. CPS offers a suite of services, information technology and data informatics, including pharmacy management, technology-based tools and data analytics. CPS was founded in 1971 and is based in Dublin, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-20 |
Garretson Resolution Group
Cincinnati, Ohio, United States Garretson Resolution Group is a neutral provider of services to parties who are settling personal injury claims. Company provides outsourced medical lien resolution and complex settlement administration services for law firms, corporations, insurance companies, plaintiffs and defendants in mass tort, class action and single event litigations. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1982 |
| PE ASSETS | 2.1B USD |
| Size | Large |
| Type | Sector Agnostic |
The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 55 |
| Sector (Automotive) | 1 of 2 |
| Type (Divestiture) | 5 of 8 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 17 of 52 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-01 |
Velcon Filters
Colorado Springs, Virginia, United States Velcon Filters LLC is a niche manufacturer of filtration systems, including vessels and replacement cartridges, that meet specific requirements for fluid filtration processes in a variety of domestic and international end-markets. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-01 |
Specialty Manufacturing
Pineville, North Carolina, United States Specialty Manufacturing is a provider of of safety components, lighting systems and accessories to the school and transit bus markets. Specialty Manufacturing is based in Pineville, North Carolina. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1998 |
| Size | Large |
| Type | Sector Agnostic |
Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 26 |
| Sector (Automotive) | 2 of 3 |
| Type (Divestiture) | 2 of 3 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 15 of 24 |
| Year (2012) | 5 of 5 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-01 |
Swanson Industries
Morgantown, West Virginia, United States Swanson Industries provoides manufacturing, remanufacturing, repair, and distribution services of mining equipment, hydraulic cylinders, and related industrial equipment across the United States. Swanson Industries was founded in 1964 and headquartered in Morgantown, West Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-01 |
Shape Technologies Group
Kent, Washington, United States Shape Technologies Group is a designer, developer, and manufacturer of ultrahigh-pressure waterjet pumps and related technology, metal cutting and industrial cleaning systems, and aftermarket components. Shape Technologies Group was founded in 2013 and is based in Kent, Washington. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1967 |
| Sector | Manufacturing |
Tomkins Industries, Inc. manufactures components for residential, commercial, and industrial buildings.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Automotive) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-08-25 |
Formed Fiber Technologies
Auburn, Maine, United States Formed Fiber Technologies, Inc. is a manufacturer and supplier of thermoformed automotive non-woven products for North American automotive OEMs and Tier I suppliers. FFT's products are used as trunk liners and for interior trim applications on cars, SUVs and light trucks. |
Sell | - |
