New York – August 2, 2023 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has completed the sale of Spectrum Plastics Group (“Spectrum” or the “Company”) to DuPont de Nemours, Inc. (“DuPont”). Spectrum is a best-in-class medical device contract design and manufacturing company providing full-service, highly engineered solutions to attractive high growth therapeutic areas such as structural heart, electrophysiology, surgical robotics and cardiovascular. Spectrum’s strategic focus will complement DuPont’s existing offerings for biopharma and pharma processing, medical devices, and packaging.
Over the course of AEA’s investment period, the Firm worked closely with management to create value by divesting the industrial profiles business and reinvesting proceeds in six highly strategic acquisitions to enhance the commercial and engineering organizations and upfit the Company’s manufacturing capabilities. These initiatives enabled Spectrum to drive significant organic growth and increased profitability despite operating in a challenging macroeconomic environment, including through the COVID-19 pandemic.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 110 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The Firm manages funds that have approximately $19 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments.
+1 (212) 644-5900
Joele Frank, Wilkinson Brimmer Katcher
Michael Freitag, Kate Thompson and Woomi Yun
+1 (212) 355-4449