M&A Deal Summary

Z Capital Group Acquires Techniks

On February 14, 2019, asset manager Z Capital Group acquired machinery company Techniks from Audax Private Equity

Acquisition Highlights
  • This is Z Capital Group’s 2nd transaction in the Machinery sector.
  • This is Z Capital Group’s 12th transaction in the United States.
  • This is Z Capital Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2019-02-14
Target Techniks
Sector Machinery
Buyer(s) Z Capital Group
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)

Target

Techniks

Indianapolis, Indiana, United States
Techniks is a provider of aftermarket CNC tool holders, cutting tools, and work holding solutions. TTG leverages world-class domestic manufacturing capabilities, two well-regarded brands, a global high-value supply chain, R&D technologies, and a history of innovation to service an extensive network of metalworking and industrial distributors, machine OEMs and cutting tool, manufacturers.

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Buyer(S) 1

Buyer

Z Capital Group

Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 2.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Z Capital Group is an alternative asset management firm that manages both opportunistic, value-oriented private equity and credit funds. The Firm's private equity group pursues control investments in companies that involve turnarounds, corporate carve-outs, growth platforms, go-private transactions, and restructurings. The Firm's credit group invests across a range of credit including leveraged loans, private debt, and opportunistic credit. Z Capital Group was formed in 2006 and has offices in New York City and Chicago.


DEAL STATS #
Overall 13 of 14
Sector (Machinery) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Indiana) 1 of 1
Country (United States) 12 of 13
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 CTM Group

Salem, New Hampshire, United States

CTM Group, Inc. is a global provider of managed entertainment and souvenir solutions for tourist destination and other high-traffic venues, including theme and amusement parks, zoos, aquariums, museums, and retail locations worldwide. CTM has an international network of blue-chip venue partners and more than 10,000 pieces of installed equipment in over 2,000 popular venues. CTM is the provider of choice for entertainment and souvenir concepts at iconic tourist and retail destinations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Premier Thermal Solutions

Lansing, Michigan, United States

Premier Thermal Solutions is a provider of metal treatment solutions. Premier Thermal Solutions is based in Lansing, Michigan.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 67 of 102
Sector (Machinery) 5 of 5
Type (Secondary Buyout) 36 of 55
State (Indiana) 1 of 2
Country (United States) 65 of 97
Year (2019) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Englert

East Brunswick, New Jersey, United States

Englert is a direct-to-consumer specialty gutters business under the LeafGuard brand name and a manufacturer and distributor of metal roofing products. Englert is based in East Brunswick, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Magnitude Software

Austin, Texas, United States

Magnitude Software is a provider of Enterprise Information Management software driving real business results for more than 600 active enterprise clients with over 200,000 users in 100 countries. Magnitude Software offers a family of award-winning applications, from business intelligence and data warehousing to master data management, reporting, and analytics. Magnitude Software was founded in 2014 and is based in Austin, Texas.

Sell $340M