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 93
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 31 of 34
State (Illinois) 10 of 10
Country (United States) 85 of 89
Year (2023) 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 125.0B 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 €150 million 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 215 of 222
Sector (Packaging) 6 of 6
Type (Secondary Buyout) 83 of 89
State (Illinois) 2 of 2
Country (United States) 25 of 25
Year (2023) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Attero

Apeldoorn, Netherlands

Attero is a waste management company that offers its clients services across the full range of waste processing i.e. incineration, composting, recycling, and landfill. Attero owns two energy from waste (‘EfW’) plants, two sorting and pre-treatment facilities, six anaerobic digestion facilities, seven composting facilities and 10 landfills. Attero was founded in 1929 and is based in Apeldoorn, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 imes-icore

Eiterfeld, Germany

imes-icore is a developer, producer and seller of specialist CNC-CAD/CAM systems for milling, water jet and laser cutting as well as 3D-printing. The firm's products are used in dental laboratories, clinics and dental milling centres. imes-icore also offers specialized industrial production solutions for numerous industries such as e.g. jewellery, orthopaedic and automotive sectors as well as for model/mould construction. imes-icore was founded in 1972 and is based in Eiterfeld, Germany.

Sell -
Mergr

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