Lincoln International Represents Baird Capital Partners in the Sale of Xaloy, Inc. to Industrial Growth Partners
CHICAGO, IL September 9, 2008 – Lincoln International announced the sale of Xaloy, Inc. (“Xaloy” or the “Company”), a portfolio company of Baird Capital Partners (“BCP”), to Industrial Growth Partners, a private equity firm headquartered in San Francisco, California. Lincoln International, a leading mid-market investment bank, acted as the exclusive financial advisor to Xaloy, working directly with the Company and Baird Capital Partners to complete the transaction. The successful sale of Xaloy further demonstrates Lincoln International’s strong commitment to the global industrial sector and represents Lincoln’s 18th transaction within the industrial sector this year. Terms of the transaction were not disclosed.
Xaloy is the world’s leading provider of highly-engineered, function-critical wear components and ancillary equipment for use in the manufacture of a wide range of plastics products. The Company’s customers include blue-chip plastics processors and top original equipment manufacturers of injection molding and extrusion equipment worldwide. Xaloy’s long-standing, premier brand name and leading global market share have been established over the last 75 years as a result of the industry’s most innovative design and engineering capabilities, as well as its comprehensive product offering. The Company operates eight production facilities as well as additional sales offices in the U.S., Europe and Asia.
About Baird Capital Partners
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, invests in lower middle-market companies in the business services, manufactured products and healthcare sectors. Established in 1989, Baird Capital Partners leverages its deep sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners is supported by operating resources in China (Beijing, Hong Kong, and Shanghai) and India (Bangalore), focused on facilitating and executing Asia sourcing, manufacturing and distribution strategies for Baird Capital Partners’ portfolio companies. For more information, please visit www.bairdcapitalpartners.com.
About Industrial Growth Partners
Industrial Growth Partners (“IGP”) is a private equity firm which provides equity capital to privately held, lower middle-market manufacturing and manufacturing services companies. IGP is one of very few investment firms in the U.S. that focuses exclusively on the manufacturing sector. The firm invests equity in a wide range of transactions involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations and management buy-ins. The firm also provides growth capital to privately held companies that require capital in order to expand their businesses. More information about IGP can be obtained at www.igpequity.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, UK pension advisory services and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright in China and ICICI Securities, Inc. in India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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