Our collaboration with this client involved completing additional acquisitions to maximize returns near the end of sponsor’s hold period.
This client’s sponsor was nearing the end of its hold period but wanted to complete additional acquisitions before exit to maximize returns. JTI was asked to step in and execute two already engaged transactions and quickly identify and reach out to priority targets. During the 18-month engagement, we completed five acquisitions, and the sponsor exited the deal approximately 15 months into the engagement.
JTI stayed engaged with the client through the transition to new ownership and completed the final acquisition under new ownership. The acquisitions we completed for the client increased their EBITDA by over $10 million and created over $50 million in incremental equity value for the sponsor and management team.
