M&A Deal Summary

Trustar Capital Acquires Axilone

On January 11, 2018, private equity firm Trustar Capital acquired packaging company Axilone from Oaktree Capital Management

Acquisition Highlights
  • This is Trustar Capital’s 2nd transaction in the Packaging sector.
  • This is Trustar Capital’s 1st transaction in France.

M&A Deal Summary

Date 2018-01-11
Target Axilone
Sector Packaging
Buyer(s) Trustar Capital
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout

Target

Axilone

Paris, France
Axilone is a manufacturer of plastic components for the make-up, fragrance and skincare markets: caps, jars, dispensing caps, galvanized and metallized collars and jars with strong added value through surface treatment. Axilone was founded in 1998 and is based in Paris, France.

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Buyer(S) 1

Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 32 of 52
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 8 of 11
Country (France) 1 of 1
Year (2018) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Wall Street English

Hong Kong, China

Wall Street English is a provider of English language training to adults. Wall Street English was founded in 1972 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Euromoney Institutional Investor - Global Markets Intelligence Division

Hong Kong, China

Euromoney Institutional Investor PLC - Global Markets Intelligence Division is a provider of macro-economic, company and industry intelligence on emerging markets with a strong customer presence in China, India, Brazil and Central and Eastern Europe, as well as in developed markets. Euromoney Institutional Investor PLC - Global Markets Intelligence Division is based in Hong Kong, China.

Buy $181M

Seller(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 55 of 77
Sector (Packaging) 5 of 5
Type (Secondary Buyout) 14 of 23
Country (France) 3 of 3
Year (2018) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 Taylor Morrison

Scottsdale, Arizona, United States

Taylor Morrison is a national builder and developer. The company operates under two well-established brands, Taylor Morrison and Darling Homes. Taylor Morrison was founded in 1936 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Cyanco

Reno, Nevada, United States

Cyanco is a large global producer of sodium cyanide with manufacturing facilities in Nevada and Texas serving customers in North America, Latin America, and Africa. Cyanco’s Applied Technology provides consulting services, laboratory support, and cyanide processing technologies to assist customers in optimizing their metal recoveries and sodium cyanide usage throughout the mine lifecycle. Cyanco prides itself on its commitment to safety, and is one of the original signatories to the International Cyanide Management Code (ICMC) and is represented on the Industry Advisory Group to the International Cyanide Management Institute.

Sell -