Deal Details

Cooley Is Acquired by Michelin

Industrial

Cooley, a portfolio company of J.H. Whitney, sale to Michelin

Summary

Cooley Group ("Cooley” or the "Company”), a portfolio company of J.H. Whitney Capital Partners (“J.H. Whitney”), recently entered into a definitive agreement to be acquired by Compagnie Générale des Établissements Michelin (“Michelin”) (ENXTPA: ML). The transaction is subject to various regulatory approvals and customary closing conditions. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Cooley on this transaction.

About

Cooley is a leading polymer composite solutions platform serving diverse, technically demanding applications. Founded in 1926, Cooley is globally recognized for its expertise in high-performance polymer coated fabrics. The Company is vertically integrated, with capabilities in weaving, knitting and polymer extrusion. Cooley designs and manufactures innovative and sustainable polymeric solutions for a wide range of applications, including healthcare devices, commercial roofing, water and chemical containment and other custom mission-critical environmental applications. Cooley is headquartered in Pawtucket, Rhode Island.

J.H. Whitney, established in 1946 by the industrialist and philanthropist John Hay “Jock” Whitney, was one of the first U.S. private equity firms and is often credited with pioneering the development of the private equity industry. Today, J.H. Whitney remains privately owned by its investing professionals, and its main activity is to provide private equity capital to small and middle-market companies with strong growth prospects in a number of industries, including consumer, healthcare and specialty manufacturing. J.H. Whitney’s investors include leading foundations, universities, pension funds and other institutions. J.H. Whitney is headquartered in New Canaan, Connecticut.

Michelin is building the world's leading manufacturer of life-changing composites and experiences. Pioneering engineered materials for more than 130 years, Michelin is uniquely positioned to make decisive contributions to human progress and to a more sustainable world. Drawing on its deep know-how in polymer composites, Michelin is constantly innovating to manufacture high-quality tires and components for critical applications in demanding fields as varied as mobility, construction, aeronautics, low-carbon energies and healthcare. Michelin is headquartered in Clermont-Ferrand, France.

Industrial

Cooley, a portfolio company of J.H. Whitney, sale to Michelin