M&A Deal Summary

Z Capital Group and Monroe Capital Acquire Autotronic Controls

On December 16, 2013, asset manager Z Capital Group and lender Monroe Capital acquired automotive company Autotronic Controls

Acquisition Highlights
  • This is Z Capital Group’s 1st and Monroe Capital’s 3rd transaction in the Automotive sector.
  • This is Z Capital Group’s 4th and Monroe Capital’s 40th transaction in the United States.
  • This is Z Capital Group’s 1st and Monroe Capital’s 3rd transaction in Texas.
Investment Fate
  • Autotronic Controls was sold to a strategic buyer in 2015.

M&A Deal Summary

Date 2013-12-16
Target Autotronic Controls
Sector Automotive
Buyer(s) Z Capital Group
Monroe Capital
Deal Type Special Situations/Distressed
Advisor(s) SSG Capital Advisors (Financial)

Target

Autotronic Controls

El Paso, Texas, United States
Autotronic Controls Corp. is a designer, developer and manufacturer of automotive products including ignition controls, fuel injection systems, coils, timing accessories, spark plug wires and accessories.

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Buyer(S) 2

Buyer

Z Capital Group

Investor Investor Investor 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 4 of 14
Sector: Automotive M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 4 of 13
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-12 Neways International

Springville, Utah, United States

Neways is a leading manufacturer and distributor of safe, effective and innovative personal care and nutritional products. Neways' mission is to enhance the health, wealth and well-being of people around the world. Products are sold through a worldwide network of independent distributors with sales in 23 countries. Neways also operates manufacturing facilities in Salem, Utah, and Auckland, New Zealand. Neways' headquarters are located in Springville, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-15 The Carillon Hotel &

Miami Beach, Florida, United States

Carillon Hotel has always remained a staple of the Miami Beach skyline.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 40 of 135
Sector: Automotive M&A 3 of 3
Type: Special Situations/Distressed M&A Deals 1 of 2
State: Texas M&A 3 of 13
Country: United States M&A 40 of 134
Year: 2013 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 Cal Net Technology Group

Chatsworth, California, United States

Cal Net Technology Group, Inc. is a provider of IT services to organizations. Cal Net offers full and partially outsourced IT service and support capabilities, cloud capabilities, infrastructure design and implementation, security services, and unified communications to the Southern California small and medium sized businesses (“SMB”) market. Cal Net Technology Group, Inc. was founded in 1995 and is based in Chatsworth, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Landpoint

Fort Worth, Texas, United States

Landpoint is a registered land surveyors and engineers providing nation-wide coverage for projects of all sizes. Landpoint’s core service offering includes land surveying, aerial data collection, 3D laser scanning, and geographic information systems. The Company serves a range of market sectors including energy, industrial, commercial, and utility, with notable strengths in serving large-scale, linear utility projects, including midstream oil & gas, electric transmission and distribution, water conveyance, and fiber optic networks. Landpoint was founded in 1985 and is based in Fort Worth, Texas.

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