Investment Summary

TransOcean Capital and New Canaan Funding Exits Stronghaven

On January 22, 2014, Hood Container invested in packaging company Stronghaven from TransOcean Capital and New Canaan Funding

Investment Highlights
  • This is Hood Container’s 1st transaction in the Packaging sector.
  • This is Hood Container’s 1st transaction in the United States.
  • This is Hood Container’s 1st transaction in Georgia.

Investment Summary

Date 2014-01-22
Target Stronghaven
Sector Packaging
Investor(s) Hood Container
Sellers(s) TransOcean Capital
New Canaan Funding
Deal Type Add-on Acquisition
Advisor(s) Mesirow Financial (Financial)
Goodwin Procter (Legal)

Target

Stronghaven

Atlanta, Georgia, United States
Stronghaven, Inc. is a corrugated packaging company. Stronghaven has four operating units (Advanced Design & Packaging, K&G Box, Highland Containers and Stronghaven Containers), each of which provides high-quality packaging solutions to its customers.

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Investor(S) 1

Investor

Hood Container

New Johnsonville, Tennessee, United States

Category Company
DESCRIPTION

Hood Container Corporation, a wholly owned subsidiary of Hood Companies, Inc., operates a 370,000 ton per year semichemical containerboard mill in New Johnsonville, TN. Hood Companies is a privately owned, closely held holding company and is the parent company to operating subsidiaries involved in the manufacture and distribution of forest and wood products, building and construction materials, and flexible and corrugated packaging products throughout North America.


DEAL STATS #
Overall 1 of 3
Sector: Packaging M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 KPAQ Industries

St. Francisville, Louisiana, United States

KPAQ Industries LLC is a manufacturer of virgin unbleached pulp and paper products. KPAQ Paper mill has capacity to produce several types of products including linerboard,white bond paper, unbleached pulp and bleach pulp. The facility is strategically located in one of the most forested areas of the region.

Buy -

Seller(S) 2

SELLER

TransOcean Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

TransOcean Capital was a private investment group focused on acquiring middle-market, US-based companies valued up to $200 million. Targeted sectors included industrial manufacturing, branded consumer products, healthcare services and medical devices. The Firm preferred opportunities with proven management in place, well-defined growth strategies, and defensible market positions. TransOcean was formed in 2004 and was based in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-22 Halcore Group

Grove City, Ohio, United States

Halcore Group, Inc. is a designer and manufacturer of ambulances and emergency vehicles providing customized vehicles to public and private service providers.

Sell -
SELLER

New Canaan Funding

New Canaan, Connecticut, United States

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.


DEAL STATS #
Overall 25 of 36
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 13
State: Georgia M&A 1 of 3
Country: United States M&A 24 of 35
Year: 2014 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 ICON International Communications Singapore

Singapore, Singapore

ICON is Singapore's largest independently owned PR consultancy, with a dynamic, entrepreneurial culture. ICON opened its Singapore office in May 2005 and rapidly forged solid partnerships with a wide cross-section of clients which include some of the world's largest and most respected companies and brands. ICON's expertise and client base spans aerospace, financial services, consumer and lifestyle, professional services, automotive, technology and travel and hospitality. ICON is also the only agency in the region to offer a fully integrated crisis management capability, through its exclusive partnership with the world's largest disaster management company, Kenyon International Emergency Services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 LSO

Plano, Texas, United States

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas.

Sell -