M&A Deal Summary

Z Capital Group Acquires Twin-Star International

On April 25, 2016, asset manager Z Capital Group acquired electrical equipment company Twin-Star International from Trivest Partners and Triangle Capital

Acquisition Highlights
  • This is Z Capital Group’s 1st transaction in the Electrical Equipment sector.
  • This is Z Capital Group’s 7th transaction in the United States.
  • This is Z Capital Group’s 2nd transaction in Florida.

M&A Deal Summary
Date 2016-04-25
Target Twin-Star International
Sector Electrical Equipment
Buyer(s) Z Capital Group
Sellers(s) Trivest Partners
Triangle Capital
Deal Type Secondary Buyout
Advisor(s) Monroe Capital LLC (Financial)

Target

Twin-Star International

Delray Beach, Florida, United States
Twin-Star International, Inc. is a designer and marketer of decorative electric fireplaces and bathroom vanities. Through a continuous focus on designing high quality, aesthetically pleasing products, Twin-Star has achieved leading market positions in the large and growing electric fireplace category and is the primary supplier of the category to leading retailers across various channels.

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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 8 of 14
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Florida) 2 of 2
Country (United States) 7 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Pink Taco

West Hollywood, California, United States

Pink Taco is a restaurant company providing Mexican food and drinks by both bookings walk-ins and takeaway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Affinity Gaming

Las Vegas, Nevada, United States

Affinity Gaming is a diversified casino gaming company. Affinity Gaming is dedicated to delivering a service and entertainment at a reasonable price. Affinity Gaming was founded in 2010 and is based in Las Vegas, Nevada.

Buy -

Seller(S) 2

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 18 of 38
Sector (Electrical Equipment) 1 of 2
Type (Secondary Buyout) 8 of 18
State (Florida) 3 of 10
Country (United States) 15 of 34
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Take 5 Oil Change

Algiers, Louisiana, United States

Take 5 Oil Change LLC provides oil change services for vehicles. Its oil change services include checking air filter, washing windshield, adjusting tires, and checking wiper blades. The company also offers air filter replacement, automatic transmission flush, coolant exchange, nitro tire, and wiper blade replacement services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 American Covers

Draper, Utah, United States

American Covers, Inc. (dba Handstands) is a designer and supplier of automotive air freshener products sold through mass and aftermarket automotive channels.

Sell $340M
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 33 of 71
Sector (Electrical Equipment) 2 of 3
Type (Secondary Buyout) 13 of 28
State (Florida) 1 of 5
Country (United States) 33 of 70
Year (2016) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Simplura Health Group

Valley Stream, New York, United States

Simplura Health Group is a provider of home care services to patients in New York, New Jersey, and Florida. Simplura Health provides a wide range of services from basic services, such as providing a homemaker to assist with meal preparation and light housekeeping for a few hours a day or a home health aide to provide assistance with activities of daily living, to complex home nursing services provided by around-the-clock Registered Nurses. Simplura Health Group was founded in 1955 and is based in Valley Stream, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 ReNew Life Formulas

Palm Harbor, Florida, United States

ReNew Life Formulas, Inc. is a natural digestive care company. ReNew Life a major brand in dietary health, with an emphasis on digestive health. Renew Life is the No. 1 brand of probiotics in the natural channel,1 with a steadily growing share in the food, drug, and mass channel.

Sell $290M
Mergr

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