M&A Deal Summary

Vance Street Capital, Apogem Capital and Unigestion Acquire Wytech Industries

On November 10, 2020, private equity firm Vance Street Capital, asset manager Apogem Capital and private equity firm Unigestion acquired manufacturer Wytech Industries

Acquisition Highlights
  • This is Vance Street Capital’s 3rd, Apogem Capital’s 5th and Unigestion’s 1st transaction in the Manufacturing sector.
  • This is Vance Street Capital’s 12th, Apogem Capital’s 64th and Unigestion’s 2nd transaction in the United States.
  • This is Vance Street Capital’s 2nd, Apogem Capital’s 7th and Unigestion’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-11-10
Target Wytech Industries
Sector Manufacturing
Buyer(s) Vance Street Capital
Apogem Capital
Unigestion
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Wombat Capital Ltd. (Financial)
Brown Moskowitz & Kallen (Legal)

Target

Wytech Industries

Rahway, New Jersey, United States
Wytech Industries is a manufacturer of specialty core wires and related components for the interventional medical markets. Wytech’s customers include the major medical device OEMs and contract manufacturers focused on high-growth therapies in the neurovascular, peripheral vascular, and structural heart-end markets. Wytech Industries was founded in 1975 and headquartered in Rahway, New Jersey.

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Buyer(S) 3

Buyer

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Vance Street Capital is a private equity firm focused on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical technology sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is based in Los Angeles, California.


DEAL STATS #
Overall 16 of 29
Sector (Manufacturing) 3 of 7
Type (Buyout (LBO, MBO, MBI)) 10 of 16
State (New Jersey) 2 of 3
Country (United States) 12 of 24
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Measurand

Fredericton, New Brunswick, Canada

Measurand designs, engineers, and manufactures geotechnical sensor instrumentation, most notably its patented 3D ShapeArray product suite, which monitors the deformation of soil and structures using 3D shape-sensing technology. Measurand’s flagship ShapeArray products are used in the monitoring of critical assets such as mines, tailings ponds, bridges, tunnels, geohazards, dams, and levees. Measurand was founded in 1993 and headquartered in Fredericton, New Brunswick.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 A&E Medical

Farmingdale, New Jersey, United States

A&E Medical Corp. is a designer and manufacturer of a high strength sternum closure system along with a wide variety of temporary cardiac pacing wires and extension leads, stainless steel sutures, surgical punches, electrosurgical instruments, and neurosurgical scalp clips. A&E Medical was founded in 1968 and is based in Farmingdale, New Jersey.

Sell $250M
Buyer

Apogem Capital

Chicago, Illinois, United States

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 64 of 69
Sector (Manufacturing) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 22 of 22
State (New Jersey) 7 of 7
Country (United States) 64 of 69
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Innovative Labs

Springville, Utah, United States

Innovative Labs is a developer, formulator, and provider of single serve and multi-dose ingestible health and wellness products for brands and direct sales companies. IFP provides highly differentiated formulating, blending, filling, distribution, and other critical services for small-format nutritional supplements, food items, household products, and other consumer packaged goods. Innovative Labs was founded in 2006 and is based in Springville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 A&E Medical

Farmingdale, New Jersey, United States

A&E Medical Corp. is a designer and manufacturer of a high strength sternum closure system along with a wide variety of temporary cardiac pacing wires and extension leads, stainless steel sutures, surgical punches, electrosurgical instruments, and neurosurgical scalp clips. A&E Medical was founded in 1968 and is based in Farmingdale, New Jersey.

Sell $250M
Buyer

Unigestion

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Unigestion is an asset manager with a private equity division focused on global mid-market companies across Europe, North America, and Asia. Unigestion considers direct investments in established companies, secondary position acquisitions, and investments in emerging fund managers. The Firm invests in a variety of industries including industrials, agriculture, distribution, logistics, utilities, software, education, nutrition, leisure, and healthcare. Unigestion was founded in 1971 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 8 of 12
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (New Jersey) 1 of 1
Country (United States) 2 of 4
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-07 CEDES

Landquart, Switzerland

CEDES is a manufacturer of sensor technology for lifts and doors. Its products, which work with infrared and image processing technology, are used for the automation of lifts, escalators, and building entrances. Cedes was established in 1986 and is headquartered in Landquart, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Excel Scientific

Victorville, California, United States

Excel Scientific is a manufacturer of microplate sealing films and foils used by life science research, university, and testing laboratories as well as biotech companies, pharmaceutical companies, and diagnostic providers. Excel Scientific was founded in 1992 and is based in Victorville, California.

Buy -