Houlihan Lokey Advises Arsenal Capital Partners

Houlihan Lokey is pleased to announce that Arsenal Capital Partners (Arsenal) has acquired ATP Group (ATP), a portfolio company of Bregal Unternehmerkapital (BU). The transaction closed on January 31, 2022.

Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of more than $10 billion, has completed more than 250 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.

ATP is a solution provider of customized specialty pressure sensitive adhesive (PSA) tapes and is the pioneer of high-performance water-based tapes. The company has focused on water-based PSA tapes, which are increasingly substituting solvent-based tapes due to their superior characteristics in terms of lower emissions, environmentally friendly production, and recyclability. The company is headquartered in Wollerau, Switzerland, with production sites in Germany, the U.S., and the U.K. ATP has established a leading proprietary water-based adhesives formulation database as well as state-of-the-art mixing, coating, and converting capabilities. The products are manufactured on state-of-the-art coating machines and utilized by customers in a broad range of medical, mobility, construction, electronics, industrial, and graphics applications.

BU is part of a family-owned business that has grown over several generations. The BU funds invest in mid-sized companies in the DACH region and Northern Italy across a wide range of sectors with a focus on market leaders and “hidden champions” with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise, and a partnership approach, BU works closely with entrepreneurs to develop, internationalize, and digitalize portfolio companies and to help them generate sustainable value on a responsible basis.

Houlihan Lokey served as the exclusive buyside advisor to Arsenal Capital Partners and assisted in initiating and negotiating the transaction on its behalf. The transaction exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the chemical subsectors of adhesives, sealants, and coatings as well as its globally integrated execution teams.