Lincoln International Represents Fischbein LLC and Cortec Group in the Sale of Fischbein to Circle Peak Capital LLC
Chicago, May 15, 2007 - Lincoln International, a leading mid-market investment bank, today announced the sale of Fischbein, LLC ("Fischbein"), a leading producer of highly engineered packaging and material handling equipment, to Circle Peak Capital LLC ("Circle Peak"), a private equity firm specializing in growth and buyout financing of middle-market companies. Fischbein was a portfolio company of Cortec Group ("Cortec"), a private equity investment firm headquartered in New York City.
Fischbein is a leading supplier of bag packaging equipment and complete systems, as well as flexible and rigid material handling solutions. Fischbein's broad product offering includes sewing, sealing, gluing, and weighing/handling machines for the bag closing market, as well as gravity and power extendable conveyors used in leading distribution centers and consumer storerooms. The company serves a broad range of industries including retail, food, pet foods, agriculture, chemicals, medical/pharmaceutical, parcel/post, and building materials.
The Lincoln International transaction team worked closely with the management teams at Fischbein and Cortec throughout the process to manage preparatory, marketing, negotiation and due diligence phases. The sale of Fischbein marks Lincoln's 12th transaction in the Engineered and General Industrial Industry this year.
"Lincoln International proved to be an invaluable asset to Fischbein throughout this process," Michael G. Siddons, President and General Manager of Fischbein. "Their integrity and industry expertise enabled us to most effectively [market] our proven business model, high quality products and customer service function in today's competitive marketplace."
"In an important transaction for our firm, Lincoln International provided expert counsel throughout the process and identified a buyer that was ideally suited to meet our needs as well as those of our portfolio company, Fischbein," said Jonathan Stein, a Senior Managing Director of Cortec.
About Cortec Group
Cortec acquires high value-added, middle-market manufacturing, service and distribution businesses that have achieved leadership positions in their market niches. Cortec Group Fund IV, L.P. has more than $410 million of committed capital to acquire platform companies with enterprise values of $30 million to $250 million and smaller follow-on acquisitions. Additional information about Cortec can be found on the Internet at www.cortecgroup.com.
About Circle Peak Capital
Circle Peak Capital is a New York City- based private equity investment firm founded in 2002 that invests in established mid-sized private branded companies in the consumer and asset management sectors. Circle Peak Capital's principals and advisors are experienced in investing in, managing, operating and advising companies with between $50 million and $500 million in sales. Additional information can be found on the internet at www.circlepeakcapital.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, New York, Paris, Los Angeles, and partner firms in Asia, Lincoln International has strong local knowledge of 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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