Recapitalization with GTCR and Golden Gate Capital

Industrial
Healthcare
Recapitalization with GTCR and Golden Gate Capital

Summary

Baird served as a financial advisor to Golden Gate Capital on this transaction

About

Cole-Parmer Instrument Company (“Cole-Parmer” or the “Company”), a portfolio company of Golden Gate Capital, has recapitalized the business with GTCR and Golden Gate Capital. As part of the transaction, GTCR will acquire a majority stake in Cole-Parmer, while Golden Gate Capital and management will retain a significant minority stake in the business. The financial terms of the transaction were not disclosed.

Cole-Parmer is a leading global source of fluid handling, test & measurement, environmental and biosciences instrumentation and associated consumables. The Company operates in the fields of peristaltic technologies, temperature measurement and control, electrochemistry, water & air testing and chromatography. Cole-Parmer's portfolio of brands includes Masterflex®, Environmental Express™ and Traceable®. Cole-Parmer's products are used in both research and production applications for a diverse range of customers across the life sciences, healthcare, environmental, and industrial end-markets. The Company is headquartered in Vernon Hills, Illinois.

Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Notable investments sponsored by Golden Gate Capital include Active Minerals, United States Silica, EP Minerals, ANGUS and Vantage Elevator Solutions.

GTCR is a private equity firm focused on investing in growth companies in the Growth Business Services, Technology, Media & Telecommunications, Healthcare and Financial Services & Technology industries. GTCR partners with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. GTCR is headquartered in Chicago, Illinois.
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Industrial
Healthcare
Recapitalization with GTCR and Golden Gate Capital
Date
November 2019
Company
Cole-Parmer Instrument Company
Transaction
M&A
Sectors
Industrial
Healthcare
Target Location
North America
Acquiror Location
North America

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