Manufacturing Growth Capital Investments in 2020
Acquisition Volume in Manufacturing Growth Capital Investments in 2020 by Year
Last 5 years
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- Buyer
- SK Capital Partners, L.P. (funds advised)
- Target
- Venator Materials PLC
- Seller
- Huntsman Corporation
- Industry
- Manufacturing
- Location
- County Durham, United Kingdom
- Type
- Growth capital
Funds advised by SK Capital Partners purchased approximately 42.4 million shares (just under 40% of outstanding shares) of Venator Materials PLC from Huntsman Corporation for about $100 million, with a 30-month option to buy Huntsman's remaining ~9.7 million shares at a specified strike price. The investment is a strategic growth-capital stake intended to support Venator's operational improvement and long-term growth as a standalone public company.
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December 16, 2020
- Buyer
- Northstar Capital, Convergent Capital
- Target
- Vectair Systems
- Industry
- Manufacturing
- Location
- United Kingdom
- Type
- Growth capital
Northstar Capital has made a junior capital investment in Vectair Systems, a portfolio company of Arcspring and Oxbow Industries. Northstar partnered with Convergent Capital to provide a one-stop debt facility and an equity co-investment to help the sponsors finance the transaction. Vectair, founded in 1990, supplies air care, sanitization and hygiene dispensers and refill solutions to janitorial and commercial customers across the UK, the US and globally.
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November 10, 2020
- Buyer
- Westbourne Capital Partners, Samson Investment Partners, Other family office investors
- Target
- Proos Manufacturing (Proos)
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Growth capital
Westbourne Capital Partners, alongside Samson Investment Partners and several family office investors, completed a strategic growth investment in Proos Manufacturing to support the company's expansion in the e-commerce fulfillment and material handling markets. Management, led by CEO Bryan Howard, will remain in place as the company invests in engineering talent, capability expansion and geographic growth.
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November 10, 2020
- Buyer
- Westhook Capital
- Target
- RainShadow Labs
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Growth capital
Los Angeles-based private equity firm Westhook Capital has made an investment in RainShadow Labs, a St. Helens, Oregon-based private-label manufacturer of natural and organic personal care products. The capital will help RainShadow expand its product development, manufacturing and logistics capabilities to better support independent skincare and personal-care brands.
-
- Buyer
- Midwest Growth Partners, Summit Equity Group
- Target
- FAST Ag Solutions
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Growth capital
Midwest Growth Partners (MGP), in partnership with Summit Equity Group (SEG) and FAST Ag Solutions' senior management, announced an investment in FAST Ag Solutions, a Windom, Minnesota-based manufacturer of liquid fertilizer application and spraying equipment. The capital partnership will support the company's organic growth and pursue growth via mergers and acquisitions; FAST Ag Solutions employs 51 full-time team members and serves customers in the United States and select international markets.
-
October 15, 2020
- Buyer
- NewSpring Mezzanine (NewSpring Capital)
- Target
- Veritas Medical Solutions
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Growth capital
NewSpring Mezzanine, the mezzanine strategy of NewSpring, has made a growth-stage investment in Veritas Medical Solutions, a Harleysville, Pennsylvania-headquartered designer and manufacturer of pre-engineered radiation-shielded treatment facilities. The capital will support Veritas’ product development and expansion to capture growing demand from radiotherapy centers, medical imaging providers and industrial inspection customers.
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October 13, 2020
- Buyer
- Ardian
- Target
- ANGUS Chemical Company
- Seller
- Golden Gate Capital
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Growth capital
Ardian has acquired a 50% ownership stake in ANGUS Chemical Company from Golden Gate Capital at an enterprise value of approximately $2.25 billion. Golden Gate Capital will retain the remaining 50% and Ardian will partner with ANGUS management to accelerate growth through investment in core markets, development of new molecules and a global buy-and-build strategy.
-
September 2, 2020
- Buyer
- NewHold Enterprises, LLC, Tecum Capital Partners
- Target
- F&S Tool Inc.
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Growth capital
NewHold Enterprises and Tecum Capital Partners announced a growth investment in F&S Tool Inc., a family-owned precision tooling and mold manufacturer based in Erie, Pennsylvania. Financial terms were not disclosed; the investors said the capital and partnership will support next-stage growth, capability expansion and the company's second-generation leadership and succession plan, particularly serving medical and packaging end markets.
-
- Buyer
- Growth Capital Partners (GCP)
- Target
- GTS Flexible Materials Group (GTS)
- Industry
- Manufacturing
- Location
- Wales, United Kingdom
- Type
- Growth capital
Growth Capital Partners (GCP) has made a growth investment in GTS, a South Wales–based manufacturer of technically differentiated adhesives, flexible laminates and insulation materials. The investment will support GTS’s international expansion and product positioning into high-growth end markets such as electric vehicle battery manufacture, renewable energy and transportation.
-
June 9, 2020
- Buyer
- BGF
- Target
- Decora
- Industry
- Manufacturing
- Location
- Northern Ireland, United Kingdom
- Type
- Growth capital
BGF has invested £10m in Lisburn-based Decora to support the company's long-term growth plans, including expansion into European markets, strategic M&A and investment in product development and infrastructure. Decora, a manufacturer of blinds and shutters founded in 1979, employs over 1,000 people at its Lisburn headquarters and recently acquired Lithuanian manufacturer Domus Lumina.
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June 2, 2020
- Buyer
- H.I.G. Capital
- Target
- USALCO, LLC
- Industry
- Manufacturing
- Location
- Maryland, United States
- Type
- Growth capital
H.I.G. Capital (through an affiliate) made a growth investment in USALCO, LLC, partnering with founders Peter and David Askew and the existing management team; terms were not disclosed. USALCO is a Baltimore-based manufacturer of aluminum-based chemicals used in water and wastewater treatment and refinery catalysts, operating multiple U.S. production facilities and an extensive logistics platform to serve municipal and industrial customers.
-
- Buyer
- British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, Skandia
- Target
- Waterlogic
- Seller
- Funds managed by Castik Capital, Waterlogic management team
- Industry
- Manufacturing
- Location
- United Kingdom
- Type
- Growth capital
British Columbia Investment Management Corporation (BCI), joined by Neuberger Berman, StepStone and Skandia, has closed the acquisition of a significant minority stake in Waterlogic from funds managed by Castik Capital and the Waterlogic management team. The institutional investors provide growth capital to support Waterlogic's global expansion and M&A activity; Waterlogic reports ~ $400M in annualised revenues, c.3,000 employees and ~550k dispensers on rental/service contracts across 17 direct markets.
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March 23, 2020
- Buyer
- Quad-C Management, Inc.
- Target
- Textum Weaving
- Seller
- Founders/family of Textum (including Aaron Feinberg)
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Type
- Growth capital
Quad-C Management, a middle-market private equity firm, has closed an investment in Textum Weaving, an advanced manufacturer of high-performance textiles based in Belmont, North Carolina. The founder/management team led by President and CEO Aaron Feinberg will remain involved and retain a significant stake as Quad-C partners to support growth, capability expansion and strategic acquisitions.
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February 11, 2020
- Buyer
- Gainline Capital Partners
- Target
- Core Health & Fitness
- Industry
- Manufacturing
- Location
- Washington, United States
- Type
- Growth capital
Gainline Capital Partners, a Stamford-based private equity firm, announced an investment in Core Health & Fitness, a vertically integrated global manufacturer of commercial fitness equipment. Financial terms were not disclosed; Core's founder and CEO Michael Bruno and the senior management team will remain in place and the investment is intended to support growth and further vertical integration.
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January 9, 2020
- Buyer
- Capitala Group
- Target
- Peterson Manufacturing
- Industry
- Manufacturing
- Location
- Florida, United States
- Type
- Growth capital
Capitala Group has made a growth investment in Peterson Manufacturing, a Sarasota, Florida-based manufacturer of precision deep-drawn metal components serving the automotive, appliance, plumbing and gauge markets. The investment comes from Capitala's Growth Fund, will support Peterson's next phase of growth, and includes Capitala executives Adam Richeson and Joe Alala III joining Peterson's board.
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