PPC Advises ACME Cosmetic Components on Sale Transaction

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

ACME Cosmetic Components (“ACME”), a portfolio company of Foundation Investment Partners and Kirtland Capital Partners, is a global manufacturer of stamped metal components for the color cosmetics industry. The Company's products encompass standard and custom godets manufactured from tin and aluminum used to package high-end cosmetics such as blush, powder, lipstick, eyeshadow, and nail polish. ACME is headquartered in New Jersey with additional operations in China and serves a global customer base including prestigious brands such as Estee Lauder, Revlon, Loreal, Maybelline, and Coty.

As ACME's ownership considered the Company's next phase of growth and investment, leadership decided to explore strategic alternatives for the business. After being introduced to the Board of Directors and Company leadership, Promontory Point Capital was engaged to advise on options to achieve the desired objectives. PPC prepared a detailed Memorandum, data room, and additional financial materials, led a confidential outreach process to a targeted group of strategic and financial acquirers, and solicited competing offers from parties that desired to acquire the ACME business. PPC's efforts ultimately resulted in the signing of a Letter of Intent for ACME to be acquired by Federal Tool & Engineering, a portfolio company of Generation Growth Capital. PPC assisted ACME and its ownership group in the closing of this sale transaction representing another successful Done Deal for our firm.

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 175 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: PPC is frequently introduced to business owners and/or senior management teams when shareholders are interested in learning about their options involving a potential sale of all or a portion of a business. We have arranged numerous transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: PPC is oftentimes referred into situations where a business encounters a funding need that is beyond the comfort zone of a company's existing senior bank lender. PPC has arranged numerous transactions for companies involving senior bank debt, non-bank debt, subordinated debt, sale-leaseback financing, and other forms of institutional funding to support growth, acquisitions, shareholder redemptions, management buyouts, and other corporate initiatives.

Strategic Growth/M&A: Companies that have an interest in growing and expanding via acquisition or strategic joint venture are regularly referred to PPC given our firm's extensive corporate development experience.

We welcome your confidential inquiry and encourage you to visit our firm's website at www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.