Divestiture • Manufacturing

TruArc Partners Acquires FiberVisions

On March 31, 2006, private equity firm TruArc Partners acquired manufacturer FiberVisions from Hercules

Acquisition Context
  • This is TruArc Partners’ 1st transaction in the Manufacturing sector.
  • This is TruArc Partners’ 2nd transaction in the United States.
  • This is TruArc Partners’ 1st transaction in Georgia.
Investment Fate
  • FiberVisions was sold to a publicly-traded strategic buyer in 2012.

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M&A Deal Summary

Date March 31, 2006
Target FiberVisions
Sector Manufacturing
Buyer(s) TruArc Partners
Sellers(s) Hercules
Deal Type Divestiture

Target Company

FiberVisions

Duluth, Georgia, United States
FiberVisions Corp. is a producer of polypropylene staple fiber for nonwoven fabrics and textile fibers used in consumer and industrial products.
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Buyer Overview 1

Buyer

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York, New York.


Deal Context for Buyer #
Overall 2 of 34
Sector: Manufacturing 1 of 4
Type: Divestiture 1 of 1
State: Georgia 1 of 1
Country: United States 2 of 33
Year: 2006 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 EnviroFinance Group

Sacramento, California, United States

EnviroFinance Group is a land reuse and redevelopment company with a track record for successfully remediating and repositioning environmentally challenged properties for productive reuse.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-19 Excel Mining Systems

Bowerston, Ohio, United States

Excel Mining Systems LLC is a provider in the production of roof support for the coal and hard rock mining industries. Excel Mining is a premier supplier of complete roof systems in the United States.

Buy -

Seller Profile 1

SELLER

Hercules

Wilmington,, Delaware, United States

Category Company
Founded 1882
Sector Chemicals
Employees4,660
DESCRIPTION

Hercules, Inc. is a manufacturer and marketer of chemicals used for making a variety of products for the home, office and industrial markets.


Deal Context for Seller #
Overall 3 of 3
Sector: Manufacturing 1 of 1
Type: Divestiture 3 of 3
State: Georgia 1 of 1
Country: United States 3 of 3
Year: 2006 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-13 Betz-Dearborn

Trevose, Pennsylvania, United States

Betz-Dearborn Inc. is a producer of chemicals used principally in water-treatment and industrial processes.

Sell $1.8B