Exited Investment

Nicoat Holdings, LLC

Prairie Capital Fund III

LocationItasca, IL
Transaction TypeManagement Buyout
Investment DateAugust 2005
Exit DateNovember 2010
BuyerCaltius Equity Partners
Business

Formulator and manufacturer of specialty aqueous and ultraviolet coatings for the commercial printing and graphic arts industries.

IndustryIndustrial

Investment Rationale

  • The Company had a highly diversified customer base and substantial product diversification, supplying over 6,000 offset commercial printers in the market with custom-formulated specialty coatings for very specific applications.
  • The Company’s custom-formulated solutions yielded attractive margins and high switching costs.
  • The Company had substantial growth opportunities both internationaly and domestically via expansion of the domestic sales force and enhanced capacity by moving to a new facility.

Value Add