Recapitalization

Industrial
Recapitalization

Summary

Baird served as a co-manager on this transaction

About

Robertshaw Controls Company (“Robertshaw” or the “Company”), an affiliated portfolio company of Sun Capital Partners, Inc. (“Sun Capital”), recently completed the offering of a $470,000,000 1st Lien Term Loan and a $110,000,000 2nd Lien Term Loan. Proceeds from the offering were used to refinance the Company’s existing debt and fund a shareholder distribution.

Robertshaw is a global leader in thermal, flow and control management products and solutions for residential and commercial appliances, HVAC and transportation applications. The Company designs and manufactures mission-critical electro-mechanical solutions, mechanical combustion systems and electronic controls that ensure safe, reliable and efficient performance for OEM products. Robertshaw was founded in 1899 and is headquartered in Itasca, Illinois.

Sun Capital Partners, Inc. is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 345 companies worldwide with revenues in excess of $45 billion across a broad range of industries and transaction structures. Sun Capital is headquartered in Boca Raton, Florida, with offices in Los Angeles and New York and affiliates in London, Frankfurt and Shenzhen.
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Industrial
Recapitalization
Date
August 2017
Company
Robertshaw Controls Company
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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