M&A Deal Summary

Goldman Sachs Merchant Banking and TRP Capital Partners Acquire Autocam

On May 3, 2004, private equity firms Goldman Sachs Merchant Banking and TRP Capital Partners acquired metals/mining company Autocam from Aurora Capital Partners for 390M USD

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 1st and TRP Capital Partners’ 1st transaction in the Metals/Mining sector.
  • This is Goldman Sachs Merchant Banking’s 41st and TRP Capital Partners’ largest (disclosed) transaction.
  • This is Goldman Sachs Merchant Banking’s 10th and TRP Capital Partners’ 1st transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 1st and TRP Capital Partners’ 1st transaction in Michigan.
Investment Fate
  • Autocam was sold to a strategic buyer in 2014 for 245M USD.

M&A Deal Summary
Date 2004-05-03
Target Autocam
Sector Metals/Mining
Buyer(s) Goldman Sachs Merchant Banking
TRP Capital Partners
Sellers(s) Aurora Capital Partners
Deal Type Secondary Buyout
Deal Value 390M USD

Target

Autocam

Kentwood, Michigan, United States
website
Autocam Corp. is a designer and manufacturer of high volume, precision machined, close tolerance speciality metal alloy components primarily used in fuel, power steering,and braking systems for the transportation industry and surgical devices of the metal industry.

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Buyer(S) 2

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

website

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 16 of 178
Sector (Metals/Mining) 1 of 3
Type (Secondary Buyout) 3 of 63
State (Michigan) 1 of 7
Country (United States) 10 of 122
Year (2004) 1 of 1
Size (of disclosed) 41 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-14 Novem Car Interior Design

Vorbach, Germany

Novem Car Interior Design is the supplier for interior wood trim components in the automotive sector. Its products are designed to be fitted to the car interior as fully finished components and are manufactured primarily using pressing, sanding, and lacquering techniques and processes. Novem Car Interior Design was founded in 1947 and is based in Vorbach, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-18 Wincor Nixdorf AG

Paderborn, Germany

Wincor Nixdorf is a provider of IT solutions and services to retail banks and the retail industry. The main focus of the group's comprehensive portfolio lies on business process optimization, especially in the branch operations of both sectors. The company also places great importance on building close relationships with sales partners that have an excellent knowledge of the local requirements and conditions on the customer side.

Sell -
Buyer

TRP Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TRP Capital Partners is a private investment firm focused on opportunities within the transportation industry. Specific areas of interest include auto dealerships, education/training, outsourced services, niche manufacturing, environmental, and distribution/logistics. The Firm prefers to control situations and targets companies valued from $25 to $250 million. TRP Capital Partners was formed in 1997 and is based in Birmingham, Michigan.

DEAL STATS #
Overall 1 of 16
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 1 of 6
State (Michigan) 1 of 3
Country (United States) 1 of 15
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-17 Universal Technical Institute

Phoenix, Arizona, United States

Universal Technical Institute is a provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. Universal Technical Institute was founded in 1965 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-06 QEK Global Solutions

Warren, Michigan, United States

QEK Global Solutions is an international provider of outsourced vehicle management solutions. QEK Global Solutions is based in Warren, Michigan.

Buy -

Seller(S) 1

SELLER

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 23
Sector (Metals/Mining) 1 of 1
Type (Secondary Buyout) 1 of 11
State (Michigan) 1 of 1
Country (United States) 1 of 22
Year (2004) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Douglas Dynamics

Milwaukee, Wisconsin, United States

Douglas Dynamics is a manufacturer of vehicle attachments and equipment. Douglas Dynamics was incorporated in 1948 and is based in Milwaukee, Wisconsin.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Anthony

Sylmar, California, United States

Anthony, Inc. is a manufacturer of specialty glass, commercial glass refrigerator and freezer doors, case lighting, and display and merchandising systems. Anthony operates globally with locations in the U.S., Italy, China and South Africa.

Buy -
Mergr

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