M&A Deal Summary

Windjammer Capital Investors Acquires Automatic Bar Controls

On June 1, 2005, mezzanine finance firm Windjammer Capital Investors acquired machinery company Automatic Bar Controls from American Capital for 60M USD

Acquisition Highlights
  • This is Windjammer Capital Investors’ 2nd transaction in the Machinery sector.
  • This is Windjammer Capital Investors’ 2nd largest (disclosed) transaction.
  • This is Windjammer Capital Investors’ 25th transaction in the United States.
  • This is Windjammer Capital Investors’ 7th transaction in California.
Investment Fate
  • Automatic Bar Controls was sold to a publicly-traded strategic buyer in 2013.

M&A Deal Summary
Date 2005-06-01
Target Automatic Bar Controls
Sector Machinery
Buyer(s) Windjammer Capital Investors
Sellers(s) American Capital
Deal Type Secondary Buyout
Deal Value 60M USD

Target

Automatic Bar Controls

Vacaville, California, United States
website
Wunder-Bar is a provider of innovative dispensing solutions for carbonated and non-carbonated soft drinks, flavored iced teas and other beverages.

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Buyer(S) 1

Buyer

Windjammer Capital Investors

Newport Beach, California, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.

DEAL STATS #
Overall 25 of 48
Sector (Machinery) 2 of 5
Type (Secondary Buyout) 2 of 18
State (California) 7 of 10
Country (United States) 25 of 48
Year (2005) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Schutt Sports

Litchfield, Illinois, United States

Schutt Sports, Inc. is a manufacturer and provider of football, softball, baseball and basketball equipment to the youth, high school, college and professional markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-24 Skilled Healthcare Group

Foothill Ranch, California, United States

Skilled Healthcare is a operator of long-term care facilities and a leading provider of a full continuum of post-acute care services, with a strategic emphasis on sub-acute specialty medical care. The Company operated a network of 71 facilities in California, Texas, Kansas and Nevada, including both skilled nursing and assisted living facilities.

Sell $640M

Seller(S) 1

SELLER

American Capital

website

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 21 of 194
Sector (Machinery) 4 of 8
Type (Secondary Buyout) 6 of 71
State (California) 3 of 30
Country (United States) 21 of 186
Year (2005) 5 of 15
Size (of disclosed) 52 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Varel Energy Solutions

Houston, Texas, United States

Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-09 Unwired Technology

Woodbury, New York, United States

Unwired Technology LLC is engages in the designer and supplier of high-speed USB connectivity modules and wireless headphone systems for the global automotive industry.

Buy -
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