M&A Deal Summary

Wendel Group Acquires Aptar CSP Technologies

On January 30, 2015, private equity firm Wendel Group acquired packaging company Aptar CSP Technologies from Peachtree Equity Partners and Reliant Star Capital for 360M USD

Acquisition Highlights
  • This is Wendel Group’s 2nd transaction in the Packaging sector.
  • This is Wendel Group’s 7th largest (disclosed) transaction.
  • This is Wendel Group’s 1st transaction in the United States.
  • This is Wendel Group’s 1st transaction in Alabama.
Investment Fate
  • Aptar CSP Technologies was sold to a publicly-traded strategic buyer in 2018 for 555M USD.

M&A Deal Summary

Date 2015-01-30
Target Aptar CSP Technologies
Sector Packaging
Buyer(s) Wendel Group
Sellers(s) Peachtree Equity Partners
Reliant Star Capital
Deal Type Secondary Buyout
Deal Value 360M USD

Target

Aptar CSP Technologies

Auburn, Alabama, United States
website
Aptar CSP Technologies, Inc. is a provider of custom polymeric solutions and specialty protective packaging. Using patented Activ-Polymer advanced desiccant polymer technology, CSP Technologies manufactures innovative protection solutions that enhance the stability, shelf life and convenience of our customers' products. Aptar CSP Technologies was founded in 1928 and is based in Auburn, Alabama.

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Buyer(S) 1

Buyer
DESCRIPTION

Wendel Group is a publicly traded investment group that seeks to invest €200 to €700 in public and private companies. The Firm focuses on opportunities across France, Germany, and the Benelux, but will also consider opportunities in greater Europe, North America, and select regions of Africa. Target companies typically exhibit predictable cash-flows, high barriers to entry, and are leaders in their respective markets. Wendel was originally established in 1704 and is based in Paris.


DEAL STATS #
Overall 10 of 19
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 6 of 10
State (Alabama) 1 of 1
Country (United States) 1 of 5
Year (2015) 1 of 2
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 Constantia

Vienna, Austria

Constantia is a producer of flexible packaging solutions for consumer and pharma industries. Constantia Flexibles Group GmbH is based in Vienna, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 AlliedBarton Security Services

Conshohocken, Pennsylvania, United States

AlliedBarton Security Services LLC is a provider of superior security officer services to protect people, homes and businesses. AlliedBarton tailors security programs to meet clients’ needs with committed professionals who enhance clients’ brands. The most honored security services provider, AlliedBarton consistently delivers exceptional service which creates a differentiated experience for clients and the people they serve. More than 60,000 employees and 120 offices serve thousands of clients with levels of protection that anticipate needs and build enduring relationships.

Buy $1.7B

Seller(S) 2

SELLER

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 11 of 13
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Alabama) 1 of 1
Country (United States) 10 of 12
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Consumer Financial Services

Shelton, Connecticut, United States

Consumer Financial Services is a provider of secured commercial lenders and original equipment manufacturers nationwide with a variety of highly tailored debtor identification, account negotiation, and collateral recovery services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Sell $108M
SELLER

Reliant Star Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Reliant Star Capital, Inc. (RSC) is a private equity firm that invests in manufacturing, distribution and services businesses. RSC typically partners with quality management teams to pursue businesses offering critical products or services with strong growth potential, defensible market positions, and recurring revenues. RSC typically invests $1 to $10 million in businesses with at least $5 million in sales and $1 million of operating profits. RSC will consider MBOs, growth capital financings, recapitalizations, consolidations and corporate divestitures. In addition to providing equity, RSC will also consider subordinated debt investments. Reliant Star Capital, Inc. was formed in 2005 and has offices in New York City and Chicago.


DEAL STATS #
Overall 1 of 2
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Alabama) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-10 Aphena Pharma Solutions

Cookeville, Tennessee, United States

Aphena Pharma Solutions is a contract manufacturing and packaging organization focused on solids and liquids manufacturing and packing. Aphena’s two facilities serve commercial pharmaceutical customers, mail/direct pharmacy clients, and the federal government. Aphena Pharma Solutions was founded in 2002 and is based in Cookeville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Clearent

Creve Coeur, Missouri, United States

Clearent is a provider of full-service, payment solutions that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent was founded in 2005 and is based in Creve Coeur, Missouri.

Buy -