Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
December 2021
Company:
Nova Capital Management & Landon Capital Partners
Description:
Debt Financing for Acquisition of Walbro Co. Ltd
Sector(s):
Industrial
Baird served as the exclusive debt advisor to Nova Capital Management and Landon Capital Partners on this transaction

Nova Capital Management (“Nova”) and Landon Capital Partners ("Landon" or “LCP”) recently completed a secured debt financing (the “Financing”) to support their acquisition of Walbro Co. Ltd (“Walbro”). The Financing consisted of a senior secured term loan and revolving credit facility.

Nova Capital Management is a pioneer in portfolio buy-outs, specializing in acquiring multiple businesses in a single transaction from corporate or financial sellers. Since its foundation in 2002, Nova has executed international transactions with a value of over $1.7bn from offices in London, the United Kingdom and Chicago, Illinois and managed, and successfully exited, investments in over 75 portfolio companies.

Landon Capital Partners is the direct private equity investment group of the Landon family and its select family office co-investment partners. LCP invests in middle market private equity opportunities primarily in the United States. Landon’s mission is to source, acquire, and manage lower middle market private equity buyouts, targeting opportunities for control equity positions in companies with $5 to $20 million of EBITDA. Preferred LCP investment targets display a high percentage of recurring revenue and strong free cash flow conversion and seek to leverage LCP’s flexible approach to partnership and long-term growth orientation. LCP began operations in 2015 and has offices in Boston, Massachusetts and London, the United Kingdom.

Walbro is a global market leader in the manufacture of engine management and fuel systems for the Lawn & Garden, Recreation & Marine and Ground Support markets, with operations in the United States, Japan, Mexico, Thailand and China, with over 2,300 employees. Walbro supplies multi-layer fuel storage and combustion technologies to meet stringent environmental requirements. Walbro was founded in Michigan in 1950 and is headquartered in McLean, Virginia.

For additional information about this transaction, please contact:

Anne-Marie Peterson +1-646-557-2334
Dan Pelech +1-414-298-1940
Mike Lindemann +1-414-298-7408
Kevin Cheng +1-312-609-4976