BB&T Capital Markets Serves as Financial Advisor to MSDP Group, a Portfolio Company of Z Capital Partners, in Its Sale to Lincolnshire Management
On September 23, 2015, Z Capital Partners, L.L.C., (“Z Capital”), the private equity arm of Z Capital Group, L.L.C., completed the sale of MSDP Group, LLC (“MSDP”) to Holley Performance Products Inc. (“Holley”), a portfolio company of Lincolnshire Management, Inc. (“Lincolnshire”). BB&T Capital Markets served as financial advisor to MSDP.
The transaction represents the 7th completed deal in the performance and enthusiast segment of the automotive aftermarket since 2013 for BB&T Capital Markets.
About the Companies
Headquartered in El Paso, TX, MSDP is a leading marketer and supplier of automotive performance products to the street enthusiast, professional racer, and powersports markets. The Company’s portfolio of iconic brands includes MSD, Racepak, Edge, Superchips, ACCEL, Mr. Gasket, and other brands. MSDP’s comprehensive product portfolio includes ignition controls and coils, distributors, spark plugs and wires, ECU tuners, data acquisition / racing products, fuel injection systems, and starters and alternators. The Company’s products are popular among automotive enthusiasts and owners of sports cars, restomods, late model muscle cars, trucks, and motorcycle and powersports enthusiasts. MSDP operates sales and marketing, manufacturing, engineering, research & development, and sourcing facilities in Texas, Ohio, Utah, Florida, California, and China.
Headquartered in Bowling Green, KY, Holley is a leading manufacturer and supplier of high performance carburetors, manifolds, superchargers, water pumps, throttle body fuel injection, and fuel pumps for street performance, race, and marine applications. The company provides a complete performance solution through its well-known brands, which include Hooker Headers, Flowtech Exhaust, NOS Nitrous, Weiand, Earl's Performance Plumbing, Quick Fuel Technology, and Diablosport.
Z Capital Partners, L.L.C. is the private equity management arm of Z Capital Group, L.L.C., a leading global alternative investment manager with approximately $2.3 billion of regulatory assets under management with offices in New York, NY; Lake Forest, IL; and Zurich, Switzerland. Z Capital Partners pursues a value-oriented, opportunistic approach in private equity that includes making control investments in companies that may require growth capital, balance sheet, and / or operational improvements. The firm's investment team has more than a twenty year track record, investing capital of approximately $17 billion in private equity and credit related strategies. Industries in which the principals of Z Capital have invested include consumer products, steel, steel processors, agriculture, consumer food, gaming, hospitality, manufacturing, specialty services, and automotive.
Lincolnshire Management Inc. is a leading private equity firm focused on generating superior returns for investors by acquiring and growing middle market companies across a wide range of industries. Founded in 1986, Lincolnshire currently has approximately $1.7 billion in capital under management for private equity investments. The firm has a large, experienced team of investment professionals, dedicated to sourcing investment opportunities through a broad network of contacts, and consistently identifies more than 90% of the deals it closes on a proprietary basis. Lincolnshire Management has created significant value through more than 70 acquisitions, including private equity investments in such leading middle market companies as Amports, Bankruptcy Management Solutions, Prince Sports, Riddell Sports, American Coach Lines, Transcraft Corporation, Excelsior Radio Networks, and Nursery Supplies Inc. Headquartered in New York, Lincolnshire has offices in Atlanta, Chicago, and Los Angeles.
BB&T Capital Markets is the leading investment bank to the automotive aftermarket. We provide unparalleled industry expertise and transaction execution throughout the entire aftermarket channel - from suppliers and distributors to retailers and professional installers - in every segment of the $300 billion industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.