M&A Deal Summary

TWE Group Acquires Vita Nonwovens

On February 1, 2015, TWE Group acquired apparel/textiles company Vita Nonwovens from Industrial Opportunity Partners and Patriot Capital

Acquisition Highlights
  • This is TWE Group’s 1st transaction in the Apparel/Textiles sector.
  • This is TWE Group’s 1st transaction in the United States.
  • This is TWE Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2015-02-01
Target Vita Nonwovens
Sector Apparel/Textiles
Buyer(s) TWE Group
Sellers(s) Industrial Opportunity Partners
Patriot Capital
Deal Type Add-on Acquisition

Target

Vita Nonwovens

High Point, North Carolina, United States
Vita Nonwovens LLC is a manufacturer of nonwoven thermal bonded fiber material. Vita Nonwovens is based in High Point, North Carolina.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TWE Group

Emsdetten, Germany
Category Company
Sector Apparel/Textiles
DESCRIPTION

TWE Group Gmbh is a producer of non-woven fabrics worldwide.

DEAL STATS #
Overall 1 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 ISOWOOD

Rudolstadt, Germany

ISOWOOD GmbH is a Tier-2 manufacturer of highly malleable carrier materials produced from natural- and glass fibres mainly for the automotive industry.

Buy -

Seller(S) 2

SELLER

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.

DEAL STATS #
Overall 7 of 22
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 14
State (North Carolina) 2 of 3
Country (United States) 7 of 20
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Vita Nonwovens

High Point, North Carolina, United States

Vita Nonwovens LLC is a manufacturer of nonwoven thermal bonded fiber material. Vita Nonwovens is based in High Point, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Monroe Truck Equipment

Monroe, Wisconsin, United States

Monroe Truck Equipment specializes in the design, manufacture, distribution, and installation/upfitting of specialized truck equipment for the municipal and commercial markets. Monroe Truck Equipment was founded in 1986 and is based in Monroe, Wisconsin.

Buy -
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 20 of 50
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 14 of 29
State (North Carolina) 2 of 4
Country (United States) 20 of 50
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-11 McClarin Plastics

Gurnee, Illinois, United States

McClarin Plastics is a contract manufacturer of large thermoformed plastic and fiberglass-reinforced plastic components including ABS, polycarbonate, PETG, Styrene, TPO and PC/ABS and polyethylene components for industrial equipment, construction, rail, transportation, agricultural and medical applications. McClarin Plastics was founded in 1973 and is based in Gurnee, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-13 Inspection Oilfield Services

Morgantown, West Virginia, United States

Inspection Oilfield Services is a provider of tubular management services with operations in every significant oil and gas producing region in the continental United States.

Sell -
Mergr

Product

Company

Legal