M&A Deal Summary

Weston Presidio and Court Square Capital Partners Acquire MacDermid

On December 15, 2006, private equity firms Weston Presidio and Court Square Capital Partners acquired chemicals company MacDermid for 1.3B USD

Acquisition Highlights
  • This is Weston Presidio’s 2nd and Court Square Capital Partners’ 1st transaction in the Chemicals sector.
  • This is Weston Presidio’s and Court Square Capital Partners’ largest (disclosed) transaction.
  • This is Weston Presidio’s 27th and Court Square Capital Partners’ 10th transaction in the United States.
  • This is Weston Presidio’s 1st and Court Square Capital Partners’ 1st transaction in Colorado.
Investment Fate
  • MacDermid was sold to a strategic buyer in 2013 for 1.8B USD.
  • MacDermid was sold to a publicly-traded strategic buyer in 2013 for 1.8B USD.

M&A Deal Summary
Date 2006-12-15
Target MacDermid
Sector Chemicals
Buyer(s) Weston Presidio
Court Square Capital Partners
Deal Type Going Private
Deal Value 1.3B USD

Target

MacDermid

Denver, Colorado, United States
MacDermid is a leading global provider of proprietary specialty chemicals and technical services to a wide range of diverse end use markets including electronics, metal and plastics finishing and offshore oil and gas markets. The company competes in a wide range of attractive niche markets and typically holds a #1 or #2 market position in each of its businesses.

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Buyer(S) 2

Buyer

Weston Presidio

Boston, Massachusetts, United States

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 28 of 43
Sector (Chemicals) 2 of 2
Type (Going Private) 3 of 3
State (Colorado) 1 of 3
Country (United States) 27 of 41
Year (2006) 4 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-06 Insulair

Vernalis, California, United States

Insulair utilizes patented technology to manufacture innovative insulated paper containers for the foodservice industry. Its flagship product is an insulated disposable paper cup that combines superior insulation with an attractive printing surface

Sell $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-08 Evenflo Company

Piqua, Ohio, United States

Evenflo Company is a manufacturer and marketer of infant and juvenile products and is a top supplier of infant and juvenile products to key retailers such as Toys “R” Us, Babies “R” Us, Wal-Mart, Target, Buy Buy Baby and Kmart.

Buy -
Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 13 of 67
Sector (Chemicals) 1 of 3
Type (Going Private) 1 of 2
State (Colorado) 1 of 3
Country (United States) 10 of 64
Year (2006) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Worldspan

Atlanta, Georgia, United States

Worldspan is a global provider of mission-critical electronic global distribution and information technology services to the travel industry, operating the second largest distribution system for travel in the United States.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-11 Rexel

Paris, France

Rexel is a distributor of electrical parts and supplies. The Company supplies customers involved in residential, commercial and industrial construction, maintenance and renovation and currently has a network of approximately 1,700 branches in 29 countries, providing over 1.2 million products and related services. Rexel was founded in 1967 and is based in Paris, France.

Sell -
Mergr

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