Mills and Partners, Mergers, Acquisitions, Investments, capital, money, business, research and development, James Mills, Thomas Mcghee, investment banking, business venture

 

Investment Track Record
DATE ACQUIRED ACQUISITION STATUS OF TRANSACTION INITIAL EQUITY INVESTMENT ($ IN MILLIONS) IRR on EQUITY INVESTMENT AVERAGE HOLDING PERIOD
December 1986   Clarke Floor Equipment Co.   Recapitalized
April 1989
  $3.3   224.1%   2.5 years
September 1987 Palco Industries Incorporated Recapitalized
April 1989
12.0 443.1% 1.5 years
December 1992   Wirekraft Industries, Inc.   Merger
June 1995
  20.0   43.6%   2.5 years
April 1993 Jackson Products Incorporated Sold
August 1995
12.0 - -
March 1994 Flex-O-Lite, Inc. 5.8 - -



SUBTOTAL $17.8 36.4% 2.0 years
August 1995   Crain Holdings Corporation   Sold in December 1997   22.1
4.9
10.0
       
         
 
 
        SUBTOTAL   37.0   41.7%   2.3 years
March 1993 Berg Electronics Corporation Sold, October 1998
Original Investors 35.1 67.3% 5.5 years
Public Shareholders 156.9 63.1% 2.5 years



SUBTOTAL $192.0 130.4% 5.5 years
October 1996 Viasystems Group, Inc. (1) IPO in March 2000 $514.6 461.8% (1) 3.3 years
 
   
        TOTAL   $796.7        
 
   
(1) Calculated using the $21.00 IPO price

 

List of Transactions
 
COMPANY NAME
TYPE OF TRANSACTION
TRANSACTION DATE
TRANSACTION VALUE ($ IN MILLIONS)
INDUSTRY
Clarke Floor Equipment Company Acquisition 12/86 45 Floor Maintenance Equipment
Palco Industries, Inc. Acquisition 9/87 320 Cutting & Welding Equipment
Materials Applications Group, Inc. Acquisition 11/88 115 Wear-Resistant Products
U.S. Cylinder Company
Add-on Acquisition
11/88 11 Cylinders
Thermadyne Holdings Corporation Recapitalization 4/89 760 Cutting and Welding Equipment, Wear-Resistant Products, Floor Maintenance Equipment
Jackson Products, Inc. Acquisition 10/89 70 Industrial Safety Products
Marison Cylinder Company Add-on Acquisition 1/90 6 Cylinders
Wirekraft Industries, Inc. Acquisition 12/92 110 Wire and Wire Harnesses
Berg Electronics, Inc. Acquisition 3/93 370 Electronic Connectors
Jackson Products, Inc. Acquisition 4/93 60 Industrial Safety Products
Harbor Electronics, Inc. Add-on Acquisition 7/93 12 Cable Assemblies
Ristance Corporation Add-on Acquisition 12/93 12 Wire
Socket Express, Inc. Add-on Acquisition 1/94 5 Integrated Circuit Sockets
Thermadyne Holdings Corporation Restructuring 2/94 1,067 Cutting and Welding Equipment, Wear-Resistant Products, Floor Maintenance Equipment
Mold-Con, Inc./Tri-Tec Engineering Corporation Add-on Acquisition 3/94 9 Cable Assemblies
Flex-O-Lite, Inc. Add-on Acquisition 3/94 35 Glass Beads and Highway Safety Equipment
AT&T Connector Systems Add-on Acquisition 5/94 78 Electronic Connectors
McKenzie Technology Add-on Acquisition 8/94 13 Integrated Circuit Sockets
Modern Engineering Company, Inc. Add-on Acquisition 9/94 3 Cutting and Welding Equipment
OSD Envizion Company Add-on Acquisition 12/94 9 Industrial Safety Products
Wire Harness Division of General Electric (ECM) Add-on Acquisition 12/94 45 Wire Harnesses
Omega Wire Corporation Acquisition 3/95 168 Wire
International Wire Group, Inc. Merger 6/95 404 Wire and Wire Harnesses
Jackson Products, Inc. Sale 8/95 129 Industrial Safety Products, Glass Beads, and Highway Safety Equipment
Crain Industries, Inc. Acquisition 8/95 130 Foam Products
Specialty Connector Company Add-on Acquisition 11/95 11 Electronic Connectors
Earl of Arkansas Add-on Acquisition 11/95 4 Cotton Batting
Dekko Wire Technologies Group Add-on Acquisition 3/96 166 Wire
Berg Electronics Corporation IPO 3/96 157 Electronic Connectors
Copy USA, Inc. Acquisition 5/96 4 Copy Services
Comfort Clinic Add-on Acquisition 8/96 14 Foam Products
Viasystems Group, Inc. Acquisition 1,023 Printed Circuit Boards
    Circo Craft Co. Inc.
10/96
    Interconnection Technologies
12/96
    Forward Group PLC
4/97
    Interconnection Systems Limited
4/97
Ericsson's Connector Division* Add-on Acquisition 12/96 - Electronic Connectors
Camden Wire Add-on Acquisition 2/97 60 Wire
Simco Corporation Add-on Acquisition 5/97 13 Foam Products
Crain Industries, Inc. Sale 12/97 213 Foam Products
Ericsson's PCB Division Add-on Acquisition 2/98 8 Printed Circuit Boards
Mommers Print Service Add-on Acquisition 2/98 69 Printed Circuit Boards
Zincocelere Add-on Acquisition 3/98 100 Printed Circuit Boards
Kinloch Add-on Acquisition 3/98 11 Cable Assemblies
Spargo Wire Add-on Acquisition 6/98 5 Wire
Italtrecce Add-on Acquisition 6/98 4 Wire
Berg Electronics Corporation Sale 10/98 1,850 Electronic Connectors
PAGG Corporation Add-on Acquisition 4/99 12 Value Added Assemblies Services
Courtesy Corporation* Acquisition 7/99 -* Injection Molded Plastic Components, Closures, Dispensing Systems
Kalex Printed Circuit Board Ltd. Add-on Acquisition 8/99 301 Printed Circuit Boards
Forissier Group Add-on Acquisition 12/99 20 Wire Mfg.
Viasystems Group Inc. IPO 3/00 924 EMS Provider
European PCB Group
(Caymen) Ltd.
Spin-out 3/00 124 PCB
Marconi Communications
Network Components and
Services European and China Operations
Add-On Acquisition 3/00 115 Electronic Manufacturing Services
Wire Harness Sale & Purchase 3/00 210 Wire Harness
Top Line Electronics Corporation Add-On Acquisition 6/00 70 Printed Circuit Board Assembly
Lucent Technologies' Rouen Global Provisions Center Add-On Acquisition 9/00 62 Full System Assembly
Laughlin-Wilt Group, Inc. Add-On Acquisition 11/00 71 Full System Assembly
Accutec Add-On Acquisition 12/00 25 Custom Metal Enclosure
Chang Yuen Add-On Acquisition 4/01 4 Custom Metal Enclosure
Metawave (Redmond) Add-On Acquisition
(Outsourcing)
4/01 8 Custom Metal Enclosure

  TOTAL $9,644

*For confidentiality reasons, the purchase price has not been disclosed.

 



© 1996 - 2002 Mills and Partners, Inc.
Mills and Partners, Mergers, Acquisitions, Investments, capital, money, business, research and development, James Mills, Thomas Mcghee, investment banking, business ventureMills and Partners, Mergers, Acquisitions, Investments, capital, money, business, research and development, James Mills, Thomas Mcghee, investment banking, business venture