– ONCAP Acquires Precision Global –
Toronto, Ontario and Greenville, South Carolina August 7, 2018 – ONCAP today announced it has acquired Precision Global (“Precision”), a leading global manufacturer of dispensing solutions. Terms of the transaction were not disclosed.
Founded in 1949, Precision’s dispensing solutions include more than 12,000 SKUs, which are sold into end markets such as personal care, household, food & beverage, industrial and pharmaceutical. Its products include aerosol valves, actuators, pumps, caps and related aerosol accessories, custom closures and other specialty dispensing solutions. The company is the largest supplier of valves in the world selling more than four billion annually and also produces and sells two billion actuators annually. Headquartered in Greenville, South Carolina, Precision employs more than 1,500 people across 18 facilities in 15 countries and six continents.
“Precision serves a growing market with high-quality, reliable and innovative products that are critical to its customers and end users.” said Ryan Mashinter, a Managing Director with ONCAP. “We are excited to partner with Precision’s management team to accelerate the company’s growth both organically and through acquisitions for years to come.”
“ONCAP’s strong investment track record and deep experience in the packaging industry, makes it an ideal partner for us,” said Mario Barbero, Chief Executive Officer of Precision. “Together, we’ll continue to invest in our business with an ongoing focus to be the best in class global supplier of quality, service and innovation in all regions.”
ONCAP IV invested approximately $111 million, of which Onex Corporation’s (TSX: ONEX) share was $44 million as a limited partner in the Fund.

About ONCAP
ONCAP is the mid-market private equity platform of Onex. In partnership with operating company management teams, ONCAP invests in and builds value in North American headquartered medium-sized businesses that are market leaders and possess meaningful growth potential. For more information on ONCAP, visit its website at www.oncap.com.

Onex is one of the oldest and most successful private equity firms. Through its Onex Partners
and ONCAP private equity funds, Onex acquires and builds high-quality businesses in
partnership with talented management teams. At Onex Credit, Onex manages and invests in
leveraged loans, collateralized loan obligations and other credit securities. Onex has more than
$32 billion of assets under management, including $6.7 billion of Onex proprietary capital, in
private equity and credit securities. With offices in Toronto, New York, New Jersey and London,
Onex and the team are collectively the largest investors across Onex’ platforms. Onex shares
trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on
Onex, visit its website at www.onex.com.
About Precision Global
Founded in 1949 by the inventor of the aerosol valve, Precision Global is one of the world’s
leading producers of aerosol valves, custom actuators and other dispensing solutions for a variety
of end markets, including personal care, household, food & beverage, industrial and
pharmaceutical. Based in Greenville, South Carolina, the Company operates a multinational
network of facilities spanning fifteen countries on six continents. For more information on
Precision Global, please visit www.precisionglobal.com.
For further information:
Onex
Emilie Blouin
Director, Investor Relations
Tel: 416.362.7711
Precision Global
Thomas Schmidt
Director Marketing and Product Development
thomas.schmidt@precisionglobal.com
2

3i Group plc (“3i”), and funds managed by 3i, today announce that they have entered into a sale and purchase agreement to sell their investment in Etanco, the leading designer, manufacturer and distributor of building fasteners and fixing systems in France, Italy and Eastern Europe, to its CEO Ronan Lebraut and management team supported by Intermediate Capital Group (“ICG”). Proceeds to 3i will be c. €102m, which represents a c. 36% uplift on its 31 March 2018 valuation of £66m / €75m.

Headquartered near Paris with 800 employees, the company has distribution entities in Belgium, Italy and Eastern Europe and exports to more than 20 countries through its Italian subsidiary, Friulsider. Etanco provides a broad range of 80,000 products which meet all the fastening needs of the “building envelope”, including waterproofing, roofing, cladding, facades and safety lines.

3i invested in Etanco in 2011, alongside Ronan Lebraut and Five Arrows Principal Investment. Since then, the company has grown organically and through acquisitions. Etanco successfully delivered a sales force effectiveness optimisation programme and refocused its export approach, resulting in a 20% annual growth of exports while further cementing its leading positions in the French and Italian markets. During 3i’s investment period, the company also pursued a buy-and-build strategy notably with the acquisitions of leading fastening players in Poland and Romania to establish a solid presence in this region.

Rémi Carnimolla, Partner & Managing Director, 3i France, commented:

“During our investment period, Etanco has strengthened its presence in France and in Italy and restructured its sales force organisation to gain market share against a challenging market backdrop. We have helped the company expand internationally, notably into Eastern Europe, thereby successfully diversifying its presence. Etanco is well prepared to benefit from the very positive market trends in the coming years and we wish them well in the future”.

Ronan Lebraut, CEO of Etanco, added:

“With 3i’s active support, Etanco has grown significantly organically and through acquisitions, in France and Italy but also in Eastern Europe. We have structured our organisation and procedures to be the prime beneficiaries of the positive market trends ahead of us. We look forward to working with ICG on the next stage of our company’s development.”

Hadj Djemai, Head of Southern Europe, Equity & Mezzanine, of ICG commented:

“ICG is thrilled to support Ronan Lebraut, the grandson of the founder, and the management team in the acquisition of Etanco from 3i. We are convinced of the strengths of Etanco and its management, and will actively support the Group’s growth strategy to take advantage of the favourable market conditions and reinforce its leadership in Europe.”

Eurazeo PME is to become the new majority shareholder of STGROUP renamed VITAPROTECH, replacing UIGestion, and has announced it has signed a share purchase agreement under which it will invest €40 million in the company to hold approximately 60% of the sharecapital. This investment will be conducted alongside the managers, Eric Thord and Emmanuel Chopin, and other senior managers. The joint project between Eurazeo PME and senior executives relies on accelerating the group’s international growth, mainly through an ambitious external growth strategy. This transaction is scheduled to close in July 2018.

With a turnover of €29 million in 2017, VITAPROTECH has notably arisen as a result of the merger in 2014 of SORHEA and TILTechnologies led by Eric Thord. Founded in 1987 in the Lyon region, SORHEA is a pioneer in the detection of physical intrusions nearby sensitive areas In France thanks to its high performance infrared barriers, and holds 25% of the French market. Founded in 1988 in Aix-en-Provence, TILTechnologies is also the leader in its segment in France with 20% of the market, thanks to its supervising software for access control systems of critical sites. Investing about 10% of their turnover in R&D, both brands design high-end solutions they market through a network of integrators, for operators of vital importance in France or their equivalent in other countries(power generation facilities, utilities, prisons, logistics infrastructure, public safety/defense sites, bank and insurance headquarters, etc.).The group began its internationalization a few years ago through three build-up operations (United States, Canada, Belgium) and carries out 22% of its activity abroad. VITAPROTECH employs approximately 160 people spread over five sites, including two in France.

Supported by its new shareholders, VITAPROTECH aims at becoming a global reference in sensitive areas security. This project relies on three axis: the ramp-up of technologic al investments and the associated development of new products and services, the acceleration of the European and American expansion, and the implementation of external growth operations. Through it soffices(USA, Brazil, China) or partnerships (Germany), and its operational support expertise(governance, digital, CSR, integration of build-ups, etc.), Eurazeo PME will leverage on its worldwide network to support the group excellence strategy.

Joanne Dubail, Principal of Eurazeo PME:“We are delighted with this operation, which embodies the ambitious development project designed with Eric Thord and his team. We particularly appreciate the strong positioning of VITAPROTECH, relying on its many managerial and technological talents. We are committedtotransformingthisnationalchampionintoanintegratedandglobalmidcapcompany,andchannelallourexpertisetonurtureitsfuturegrowth.Acquisitionswilldefinitelybeanimportantlever.”2

ELISABETH AUCLAIR

Mail : eauclair@eurazeo-pme.com

Tél. : +33 (0)1 53 83 81 72

MAEL EVI N

Email: mael.evin@havas.com

Tel: +33 (0)6 44 12 14 91

EURAZEO PME CONTACT

PRESS CONTACT – HAVAS WORLDWIDE PARIS

Eric Thord, President of VITAPROTECH: “This is another major step towards developping our group. We started alongside UI Gestion, Bpifrance and Carvest to accelerate the transformation of ST GROUP. Alongside Eurazeo PME, my ambition for the group (renamed VITAPROTECH for the occasion) is to move up to a new dimension, firstly by capitalising on the synergies between SORHEA and TIL Technologies businesses, around a unique value proposal for securing sensitive sites, and secondly by structuring an ambitious approach to building international leadership.”

Olivier Jarrousse, Managing Partner of UI Gestion: “Participating in the majority takeover of a SME with a turnover of €9 million alongside Eric Thord, picking up the pace together and transforming it into a group that’s now worth nearly €30 million and boasts an international presence… this was an exciting adventure for our team. Bringing the project to the forefront today, and working together with Eurazeo PME and the management to pass on the baton to this key player who will offer its resources and expertise to serve the shared ambition, involved an approach that was different and yet aligned with our ambitions as investors.”

About Eurazeo PME

A subsidiary of Eurazeo, Eurazeo PME is an investment company dedicated to majority investments in French SMEs with a value of under €200 million. As a long-term professional shareholder, it provides its investments with all the financial, human and organisational resources necessary for long-term change, and supports those companies in its portfolio in implementing sustainable and therefore responsible growth. This commitment is formalised and deployed through a CSR (Corporate Social Responsibility) policy.

Eurazeo PME achieved a consolidated turnover of €1.1 billion in 2017 and supports the development of the following companies: Dessange International, Léon de Bruxelles, Péters Surgical, Vignal Lighting Group, Redspher, the MK Direct Group, Orolia, Odealim, Smile, In’Tech Medical. These companies are solidly established within their market and driven by experienced management teams.

For further information, please visit our website: www.eurazeo-pme.com

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