Lincolnshire Management sells National Pen for about $218 mln

January 5, 2017 By Iris Dorbian Lincolnshire Management has sold National Pen to Cimpress N.V. for about $218 million. Lazard Middle Market provided financial advice to Lincolnshire Management Inc and National Pen on the transaction. Based in San Diego, National Pen is a maker of custom writing instruments. PRESS RELEASE NEW YORK, January 5, 2017 – Lincolnshire Management, Inc. announced the sale of National Pen to Cimpress N.V. (Nasdaq: CMPR). The transaction closed on December 30, 2016. Under the terms of the agreement, Cimpress acquired 100 percent of the outstanding equity interests of National Pen for a purchase price of approximately $218 million (USD) subject to customary adjustments for net debt and working capital. Founded in 1966, National Pen is the leading manufacturer and marketer of custom writing instruments to more than one million small and medium sized businesses globally. The company is headquartered in San Diego, California with additional locations in the United States, Mexico, Ireland, and France. Mike Lyons, President of Lincolnshire,stated “This was a very successful investment for Lincolnshire Equity Fund IV. We worked closely with management to drive growth from new and existing customers, by expanding the company’s product offerings and multi‐channel direct marketing capabilities. National Pen is well positioned for sustained, long‐term growth and is a quality addition to Cimpress.” T.J. Maloney, Chairman and CEO of Lincolnshire stated “The hard work of Mike Lyons and Ben Bartlett really paid off in the successful outcome of National Pen ‐ a deal that generated a significant return for our Limited Partners in four short years.”.... Read More Source: https://www.pehub.com/2017/01/lincolnshire-management-sells-national-pen-for-about-218-mln/

Desch Plantpak (Desch HC) winner of the Best Managed Company award

January 2017 By Deloitte Desch Plantpak (Desch HC) in The Netherlands was winner of the Best Managed Company award. Every year Deloitte search for the best managed companies among medium and large businesses; companies are judged based on the Business Maturity Model that was developed with the University of Utrecht. Deloitte in The Netherlands has been running the program for almost 10 years, while it’s only the first time that Desch Plantpak participated, and immediately made it to be one of the winners. www.bestmanagedcompanies.nl Jan Willem Wieringa, Managing Director of Desch Plantpak commented: “We are very proud to have qualified as Best Managed Company; it confirms that we are on the right track! We will continue to develop sustainable products for the professional horticulture.” LMI has invested in Desch since 2006 and in 2010 acquired Epla which was integrated. Desch Plantpak is a leading manufacturer of thermoformed plastic containers, trays and injection molded containers for the greenhouse industry in Europe. Headquartered in the Netherlands, the company operates from four manufacturing sites that serve growers and distributors across continental Europe, the UK, and beyond. As an early convert to the use of recycled and bio-based polymers, the company is a pioneer in efficient, sustainable manufacturing. www.desch.nl The Best Managed Companies 2016-2017 are known. The BMC various studies are 63 companies emerged as Best Managed Company. The best managed companies in the Dutch small and large companies can call themselves a year's 'Best Managed Company'. Deloitte organized the program this year for the ninth consecutive year. Browse through the list BMC. Source: www.bestmanagedcompanies.nl

Lincolnshire’s True Temper Sports acquires VH Footwear

November 23, 2016 By Kirk Falconer U.S. sports products company True Temper Sports Inc has acquired VH Footwear Inc, a Winnipeg manufacturer of custom hockey skates that is led by Founder and CEO Scott Van Horne. No financial terms were disclosed. True Temper said the acquisition is strategic and will provide a growth platform for its TRUE hockey business. As part of the deal, True Temper said it will continue to produce VH skates in Canada. Headquartered in Memphis, Tennessee, True Temper, a maker of hockey, golf and lacrosse products, was acquired by U.S. private equity firm Lincolnshire Management in 2012. PRESS RELEASE True Temper Sports Acquires VH Footwear Nov 22, 2016 Memphis, TN – True Temper Sports, a leading developer and manufacturer of Hockey, Golf and Lacrosse products announced today the acquisition of Winnipeg, Manitoba based hockey skate manufacturer, VH Footwear Inc. The terms of the deal were not disclosed. The acquisition will add exciting, innovative technology to the company’s advanced R&D portfolio and expand TRUE Hockey’s reach into the important skate category.... Read More Source: https://www.pehub.com/canada/2016/11/3421727 Additional Articles: TRUE TEMPER SPORTS ACQUIRES VH FOOTWEAR  - TRUE Hockey - https://true-hockey.com/true-temper-sports-acquires-vh-footwear/  

L-3 buys commercial flight training provider Aerosim

October 5, 2016 By Iris Dorbian L-3 Communications has acquired Burnsville, Minnesota-based Aerosim, a provider of commercial flight training. No financial terms were disclosed. Aerosim was backed by Lincolnshire Management. PRESS RELEASE NEW YORK –(BUSINESS WIRE) L-3 Communications (NYSE:LLL) announced today the acquisition of Aerosim, including Aerosim Technologies, Inc. (“Aerosim Technologies”) located in Burnsville, Minnesota, and Aerosim Flight Academy, Inc. (“Aerosim Academy”) located in Sanford, Florida. The acquisition was completed on September 30, 2016 and terms were not disclosed. Following the acquisition, Aerosim will be integrated into the L-3 Commercial Training Solutions (L-3 CTS) division of the company’s Electronic Systems business segment and will be renamed L-3 Aerosim-CTC. Aerosim is projected to generate approximately $50 million in sales for the year ending December 31, 2017 and to be accretive to L-3’s earnings. Aerosim is a globally recognized leader in commercial training with capabilities that are complementary to those offered by L-3 CTS. Aerosim Technologies provides innovative portable and flexible pilot and maintenance technician training products, enhancing efficiency with lower-cost solutions. Aerosim Academy, a flight school for prospective airline pilots, trains both U.S. and international cadets. “The addition of Aerosim is a good fit with L-3’s expanding business of providing customized solutions that address the global shortage of pilot training resources and the increasing demand for qualified pilots,” said Michael T. Strianese, L-3’s Chairman and Chief Executive Officer. “Aerosim adds value to our portfolio and further exemplifies our disciplined growth strategy in key markets.”.... read more Source: https://www.pehub.com/2016/10/l-3-buys-commercial-flight-training-provider-aerosim   Additional Articles : L-3 Acquires Aerosim From Lincolnshire Management - Wall Street Journal - http://www.wsj.com/articles/l-3-acquires-aerosim-from-lincolnshire-management-1475610230 L-3 Acquires Aerosim - Business Wire - http://www.businesswire.com/news/home/20161004006215/en/L-3-Acquires-Aerosim L-3 Acquires Aerosim - Yahoo Finance - http://finance.yahoo.com/news/l-3-acquires-aerosim-153100072.html

Z Capital Partners Announces Sale of MSDP Group to Lincolnshire Management

Sep 23, 2015, from Z Capital Group NEW YORK, Sept. 23, 2015 /PRNewswire/ -- Z Capital Group ("Z Capital"), today announced that its private equity management arm, Z Capital Partners, L.L.C. ("Z Capital Partners"), has closed the sale of MSDP Group LLC and its subsidiaries ("MSDP"), a global leader in automotive aftermarket performance and tuning technology, to Holley Performance Products, a portfolio company of Lincolnshire Equity Fund IV ("Lincolnshire"). Terms of the transaction were not disclosed Since investing in MSDP in 2013, Z Capital Partners has transformed the company by recruiting an industry-leading management team, enhancing product innovation and brand marketing, optimizing the supply chain network and distribution capabilities, and pursuing strategic acquisitions. Notably, through the acquisition of ACCEL Performance Group in December, 2014, Z Capital Partners established MSDP as the leader in performance fuel and ignition systems....Read More Source: http://www.prnewswire.com/news-releases/z-capital-partners-announces-sale-of-msdp-group-to-lincolnshire-management-300147597.html Additional Articles: Lincolnshire Portfolio Company Acquires MSDP from Z Capital - PitchBook - https://pitchbook.com/newsletter/lincolnshire-portfolio-company-acquires-msdp-from-z-capital Holley Acquires MSD In Blockbuster Industry Deal - Engine Labs -http://www.enginelabs.com/news/holley-acquires-msd-in-blockbuster-industry-deal/  

Talking Top Quartile with T.J. Maloney of Lincolnshire Management

June 29, 2015 By Steve Gelsi The vintage 2004 Lincolnshire Equity Fund III notched an internal rate of return of 34.7 percent for the Teachers’ Retirement System of the City of New York as of Dec. 31, 2013, the date used in an annual analysis of public pension fund data by Buyouts. The IRR beat the top-quartile threshold of 22.2 percent and the median of 12.9 percent for that vintage. Lincolnshire Management Chairman and CEO T.J. Maloney spoke to Buyouts for the following Q&A. Was fundraising for Fund III easier or harder than you expected? It was really difficult for us. We had some unrealized investments in Fund II and you’re raising a fund ... Read More Source: https://www.pehub.com/buyouts/talking-top-quartile-with-t-j-maloney-of-lincolnshire-management/

And the best private equity firm is…

Jan 13, 2011  By: Dan Primack Private equity firms get ranked in all sorts of ways. The amount of capital under management. The number of deals done in a given year. The number of companies taken public or, conversely, the number of portfolio company bankruptcies. But, in the end, only one ranking really matters: Who has the best performance? And it seems that there is an answer, despite the private equity industry's typical reluctance to discuss its returns. Oliver Gottschlag, a professor of management strategy at HEC in Paris, recently teamed up with Dow Jones to determine the best-performing private equity firm of the past 10 years. They only included firms that had raised at least two funds during the period, with aggregate capital exceeding $500 million. In addition, they only included firms for which they could obtain performance data -- most of which came from industry research firm Preqin, which solicits such information from public-sector investors (pension funds, etc.) and some of its own private clients. All in, that gave Gottschlag 98 firms that raised 273 funds during the period, representing $411 billion in total equity. And the winner was... Leonard Green & Partners, the Los Angeles-based firm currently in the hunt for such companies as J. Crew (JCG), BJ's Wholesale Club (BJ) and The Palms Casino Resort. Gottschlag does not disclose Leonard Green's specific performance data -- likely due to a non-disclosure agreement with Preqin -- but does give it an aggregate performance score of 3.33. For context, the 10th firm on the list, AXA Private Equity, received a score of 1.08. Here is Gottschlag's explanation of the scores: The aggregate performance score is neither an IRR-type annual return measure nor a money multiple. It can only be interpreted relative to the average aggregate performance score of all firms we analyzed: An aggregate performance score of 1 means that a given PE Firm has an aggregate performance that is one "standard deviation" above the average performance, which would position it typically at the 85th percentile, i.e. 85% of all firms would have a lower aggregate performance. Also, an aggregate performance score of 2 means that performance is twice as high as for an aggregate performance score of 1. A PE Firm with the average performance has (by design) an aggregate performance score of 0. Here is the full top 20 (yes, there does seem to be some European bias, save for Leonard Green nabbing the top spot): Leonard Green & Partners (3.33) Astorg Partners (3.0) Waterland Private Equity (2.27) Hellman & Friedman (2.11) Lincolnshire Management (2.02) Nordic Capital (1.68) BC Partners (1.25) Permira (1.17) TowerBrook Capital Partners (1.16) AXA Private Equity (1.08) Friedman Fleischer & Lowe (1.07) Sterling Group (1.0) Barclays Private Equity (0.86) Onex Corp. (0.85) Gilde Buy Out Partners (0.85) LGV (0.85) Altor Equity Partners (0.81) Blum Capital Partners (0.79) Berkshire Partners (0.77) Charlesbank Capital Partners (0.76) Source: http://fortune.com/2011/01/13/and-the-best-private-equity-firm-is/?iid=sr-link4