Deal Details

Exponent Acquires Optimas International

Industrial

Exponent acquisition of Optimas International from Optimas Solutions, a portfolio company of AIP

Summary

Exponent Private Equity LLP (“Exponent”) has announced that it has entered into a definitive agreement to acquire Optimas International (the “Company”). The proposed transaction will see the international operations carved out from its U.S.-headquartered parent, Optimas OE Solutions, LLC. (“Optimas Solutions”), a portfolio company of American Industrial Partners (“AIP”). 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 Exponent on this transaction.

About

Exponent is a leading European private equity firm focused on investing in established and high-quality founder-, family- and corporate-owned companies. Exponent partners with management teams to enhance and accelerate growth by identifying operational improvement opportunities, leveraging deep subsector expertise, cross sector insights and committed capital. Since its inception in 2004, Exponent has raised five funds and invested in over 40 businesses across the United Kingdom, Ireland and Benelux. The transaction represents Exponent’s ninth corporate carve out over the last decade, underscoring the firm’s long standing expertise in delivering successful separation transactions. Exponent is headquartered in London, United Kingdom.

Optimas International is a leading provider of fasteners, C-class components and supply chain services across Europe and Asia. The Company supports customers in streamlining their supply chains by managing the sourcing, storage and delivery of essential fasteners and related components. Optimas International now serves approximately 1,500 customers globally across multiple production sites and regions, maintains an average 20-year tenure with its top customers and supplies over 2.2 billion parts per year across c. 40,000 SKUs sourced from c. 1,200 suppliers, reflecting consistently high service levels and strong customer satisfaction. Optimas International also delivers value added services spanning engineering support, product design and quality assurance to help customers reduce costs, resolve technical challenges and ensure quality throughout their production processes. Optimas International is headquartered in Gloucester, United Kingdom.

Optimas Solutions is a manufacturer, distributor and service provider of fastening and supply chain solutions for manufacturers seeking to improve their efficiency and profitability. Optimas Solutions is headquartered in Wood Dale, Illinois.

AIP is an operationally-oriented private equity firm that is distinctively focused on buying and improving industrial businesses with operations in the U.S., Canada and other developed markets. The AIP Team has deep roots in the industrial economy and has been active in private equity investing across three economic cycles. AIP has completed over 125 platform and add-on acquisitions and invests in all forms of corporate divestitures, management buyouts, recapitalizations and going-private transactions of established businesses with sales greater than $500 million. AIP is headquartered in New York, New York.

Industrial

Exponent acquisition of Optimas International from Optimas Solutions, a portfolio company of AIP