M&A Deal Summary

Windjammer Capital Acquires Hilco Vision

On September 10, 2019, mezzanine finance firm Windjammer Capital acquired consumer products company Hilco Vision from Blue Point Capital Partners

Acquisition Highlights
  • This is Windjammer Capital’s 6th transaction in the Consumer Products sector.
  • This is Windjammer Capital’s 43rd transaction in the United States.
  • This is Windjammer Capital’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2019-09-10
Target Hilco Vision
Sector Consumer Products
Buyer(s) Windjammer Capital
Sellers(s) Blue Point Capital Partners
Deal Type Secondary Buyout

Target

Hilco Vision

Mansfield, Massachusetts, United States
Hilco Vision is a distributor of branded and consumable professional eyecare products and optical accessories throughout the eye healthcare supply chain. Hilco Vision has a highly diverse suite of branded and non-branded optical products and accessories, offering more than 30,000 SKUs and an expansive distribution network, uniquely allowing the Company to serve both optical chains and independent optical locations alike as a "one-stop-shop." Hilco Vision was founded in 1956 and is based in Mansfield, Massachusetts.

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Buyer(S) 1

Buyer

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.

DEAL STATS #
Overall 43 of 48
Sector (Consumer Products) 6 of 6
Type (Secondary Buyout) 14 of 18
State (Massachusetts) 4 of 4
Country (United States) 43 of 48
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Hermetic Solutions Group

Trevose, Pennsylvania, United States

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Compex

Torrance, California, United States

Compex is a tech-enabled provider of outsourced medical records retrieval and litigation support services nationally. Compex has a track record of providing high-quality service, fast turnaround times and proven scalability to a blue-chip customer base including insurance carriers, third-party administrators, and law firms. Compex was founded in and is based in Torrance, California.

Buy -

Seller(S) 1

SELLER

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.

DEAL STATS #
Overall 31 of 36
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 19 of 22
State (Massachusetts) 2 of 2
Country (United States) 29 of 33
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 VRC Holdings

Milwaukee, Wisconsin, United States

VRC Holdings is a designer and manufacturer of mission-critical seals, wiring grommets, tubing and molded thermoplastics primarily for the aerospace & defense, automotive, industrial, oil & gas, marine, and medical end markets. VRC Holdings is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 Mattco Forge

Paramount, California, United States

Mattco Forge is a designer, manufacturer, and test of quality engineered forged metal products, leveraging decades of experience supplying manufacturers with the highest quality metal forging solutions in the world. Mattco Forge was founded in 1969 and is based in Paramount, California.

Buy -
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