Houlihan Lokey Advises on Hayward Industries Transaction

Houlihan Lokey is pleased to announce that CCMP Capital Advisors, LP (CCMP); MSD Partners, LP (MSD); and Alberta Investment Management Corporation (AIMCo) have acquired Hayward Industries, Inc. (Hayward). The transaction closed in late 2017.

CCMP specializes in middle-market buyouts and growth equity investments of $100 million to $500 million in North America and Europe via its current $3.6 billion fund. CCMP focuses on generating alpha through the operational transformation and growth of its portfolio companies. With offices in New York, Houston, and London, CCMP invests in three primary industries: consumer/retail, industrials, and healthcare.

MSD, an SEC-registered investment adviser, was formed in 2009 by the partners of MSD Capital, LP. Established in 1998, MSD Capital, LP, exclusively manages the assets of Michael S. Dell and his family. MSD utilizes a multidisciplinary investment strategy focused on maximizing long-term capital appreciation by making investments across the globe in the equities of public and private companies, credit, real estate, and other asset classes and securities.

AIMCo is one of Canada's largest and most diversified institutional investment managers, with assets under management in excess of C$100 billion. AIMCo, established on January 1, 2008, invests globally on behalf of 32 pension, endowment, and government fund clients in the province of Alberta.

Hayward is a leading global manufacturer of residential and commercial pool equipment and industrial flow control products. Headquartered in Elizabeth, New Jersey, and formerly controlled by Oscar and Robert Davis and their families, Hayward has grown through organic development and strategic acquisitions to expand its product offerings and global footprint from the United States to also include Canada, Europe, and Australia. Hayward has achieved an average annual growth rate above 10% since the Davis family initially purchased control of the business in 1964.

Houlihan Lokey served as a value-added buyside advisor to CCMP, MSD, and AIMCo in their acquisition of Hayward. This transaction leveraged Houlihan Lokey’s extensive knowledge of the filtration, water treatment, building products, and specialty equipment and related aftermarket services marketplaces as well as our transaction execution and process guidance insights.