M&A Deal Summary

TJC Acquires Soteria Flexibles

On September 6, 2023, private equity firm TJC acquired packaging company Soteria Flexibles from Ardian

Acquisition Highlights
  • This is TJC’s 4th transaction in the Packaging sector.
  • This is TJC’s 85th transaction in the United States.
  • This is TJC’s 10th transaction in Illinois.

M&A Deal Summary

Date 2023-09-06
Target Soteria Flexibles
Sector Packaging
Buyer(s) TJC
Sellers(s) Ardian
Deal Type Secondary Buyout

Target

Soteria Flexibles

Carol Stream, Illinois, United States
Soteria Flexibles is a manufacturer of flexible plastic packaging. Soteria Flexibles primarily serves the healthcare, janitorial supply, commercial/industrial, and foodservice end-markets. Soteria Flexibles focuses on specialized containment products where specifications (such as dimensions, color, strength, and printing) are tailored to fit a certain application. Soteria Flexibles is based in Carol Stream, Illinois.

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Buyer(S) 1

Buyer

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 87 of 96
Sector: Packaging M&A 4 of 4
Type: Secondary Buyout M&A Deals 31 of 36
State: Illinois M&A 10 of 10
Country: United States M&A 85 of 92
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-21 Delrin

Midland, Michigan, United States

Delrin is a specialized plastic used in a variety of applications. Delrin is based in Midland, Michigan.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 VTG

Chantilly, Virginia, United States

VTG is a provider of engineering and logistics services primarily in support of platform sustainment initiatives and operational readiness for the U.S. Department of Defense and other government agencies. VTG was founded in 2005 and is based in Arlington, Virginia.

Sell -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 225 of 247
Sector: Packaging M&A 6 of 6
Type: Secondary Buyout M&A Deals 83 of 92
State: Illinois M&A 2 of 2
Country: United States M&A 25 of 29
Year: 2023 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Mobius

Madrid, Spain

Mobius is an online platform that offers maintenance supervision and repair services for the fleet management sector. MKD’s clients include top-tier companies from the car rental industry, including Europcar, Alphabet, Arval, Generali, Allianz, and new players in mobility management. Mobius has further extended its offer to individuals with the launch of Reparatuchoche.com. Mobius was founded in 2014 and is based in Madrid, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Hawk

Paris, France

Hawk is a provider in the real-time purchase of mobile advertising space (known as programmatic buying or real-time bidding). Hawk offers media agencies and advertisers an integrated solution that allows them to manage all their purchasing and distribution processes for mobile advertising campaigns in real-time, maximizing their return on investment across all mobile devices. Hawk was founded in 2013 and is based in Paris, France.

Sell -