Deal Details
Sale to Barnes Group Inc.
Summary
Baird served as the exclusive financial advisor to Synventive Molding Solutions, Inc.
About
Synventive Molding Solutions, Inc. (“Synventive” or the “Company”), a portfolio company of Littlejohn & Co., LLC (“Littlejohn”), has been acquired by Barnes Group Inc. ("Barnes") (NYSE:B) for approximately $335 million in cash.Synventive is a leading designer and manufacturer of highly engineered and customized process improvement systems, components and services that enhance productivity and quality in the global injection molding machinery and services industry. The Company’s products, which include hot runners and molding control systems, are marketed under recognizable and globally respected brands, and are installed in over 50 countries. The Company primarily serves the global vehicle market, as well as the premium consumer and electronics, packaging and other niche industrial markets. Synventive is headquartered in Peabody, Massachusetts, with manufacturing facilities in Germany and China.
Based in Greenwich, Connecticut, Littlejohn is a control-oriented investor in mid-sized companies, typically those with revenues in the range of $150 million to $800 million. Littlejohn is currently investing from Littlejohn Fund IV, L.P., which has over $1.3 billion in capital commitments.
Barnes Group is an international aerospace and industrial manufacturing and service provider, serving a wide range of end markets and customers. Barnes’ products and services are used in far-reaching applications that provide transportation, communication, manufacturing and technology to the world. Barnes was founded in 1857 and is headquartered in Bristol, Connecticut.
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- Date
- August 2012
- Company
- Synventive Molding Solutions, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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