Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Ontario Teachers’ Pension Plan
Acquisition of Plano Molding Company, Inc.
Baird served as the exclusive financial advisor to Ontario Teachers’ Pension Plan
Ontario Teachers’ Pension Plan (“Teachers’”) recently completed the acquisition of Plano Molding Company, Inc. (“Plano”), a portfolio company of Tinicum Capital Partners (“Tinicum”). Terms of the transaction were not disclosed.
Plano is a leading brand in the fishing and fall sports markets where it enjoys leading market shares in tackle boxes, bait storage and other protective storage cases. Plano also produces cases for cosmetics, tools and crafts, as well as storage containers and shelving for home and office. Plano is based in Plano, Illinois and was founded in 1932.
Teachers’ made the acquisition through its private equity investment division, Teachers’ Private Capital (“TPC”). TPC’s activities include leading deals on a sole or partnered basis, investing in private equity funds in markets and sectors that it cannot efficiently access directly and co-investing with other like-minded private equity funds. TPC manages a global portfolio valued at approximately $12 billion.
The Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 300,000 active and retired teachers in Ontario.
Tinicum is a private investment partnership based in New York.