Investment Summary

Trimaran Capital Partners and Irving Place Capital Exits Reddy Ice Holdings

On August 9, 2005, invested in consumer products company Reddy Ice Holdings from Trimaran Capital Partners and Irving Place Capital

Investment Highlights
  • This is transaction in the Consumer Products sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • Reddy Ice Holdings was sold to a financial buyer in 2012.
  • Reddy Ice Holdings was sold to a strategic buyer in 2019.

Investment Summary

Date 2005-08-09
Target Reddy Ice Holdings
Sector Consumer Products
Sellers(s) Trimaran Capital Partners
Irving Place Capital
Deal Type IPO

Target

Reddy Ice Holdings

Dallas, Texas, United States
Reddy Ice Holdings, Inc. is a manufacturer and distributor of packaged ice in the United States. The Company sells its products primarily under the widely known Reddy Ice® brand to a variety of customers in 37 states and the District of Columbia. Reddy Ice provides a broad array of product offerings in the marketplace through traditional direct store delivery, warehouse programs, and its proprietary technology, The Ice Factory®.

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Seller(S) 2

SELLER

Trimaran Capital Partners

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Trimaran Capital Partners is a middle-market private equity investor. The Firm seeks long-term capital appreciation by making privately negotiated equity or equity-oriented investments in niche middle-market companies. Trimaran generally looks to invest $25 to $100 million of equity in transactions ranging in value from $100 million to $1 billion. Sectors of interest include business services, financial services, energy, healthcare, manufacturing, and media. Trimaran Capital Partners was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 2 of 9
Sector: Consumer Products M&A 1 of 1
Type: IPO M&A Deals 1 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 9
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-07 Charlie Brown s

Millburn, New Jersey, United States

Charlie Brown's Corporation operates steakhouse restaurants in Chatham, Denville, East Windsor, Edison, Lakewood, Maple Shade, Millburn, Old Tappan, Oradell, Scotch Plains, Silverton, Washington Township, Wayne, Westampton/Mount Holly, and Woodbury, New Jersey.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-28 El Pollo Loco

Costa Mesa, California, United States

El Pollo Loco is a fire-grilled chicken restaurant chain. The Company is known for its citrus-marinated, fire-grilled chicken and handcrafted entrees using fresh ingredients inspired by Mexican recipes. The company operates restaurants across the Southwest and has a leading market position in Southern California. El Pollo Loco was founded in 1980 and is based in Costa Mesa, California.

Buy -
SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 9 of 39
Sector: Consumer Products M&A 2 of 4
Type: IPO M&A Deals 4 of 7
State: Texas M&A 1 of 3
Country: United States M&A 8 of 32
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Uniscribe Professional Services

Wilton, Connecticut, United States

Uniscribe Professional Services, Inc. is a provider of document outsourcing services to law firms, investment banks, accounting firms, and consulting firms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-15 Transamerican Auto Parts

Compton, California, United States

Transamerican Auto Parts is a provider of parts and accessories for off-road vehicles. It offers products in various categories, including tires, wheels, steel products, lighting, winches, jeep accessories, truck accessories, and general accessories. Transamerican Auto Parts is based in Compton, California.

Buy -