Lincoln International represents Techniks Tool Group, a subsidiary of Frontline Tooling Solutions and portfolio company of Audax Private Equity, in its sale to an affiliate of Z Capital Partners
CHICAGO, Feb. 14, 2019 /PRNewswire/ -- Lincoln International is pleased to announce that Frontline Tooling Solutions, an Audax Private Equity portfolio company, has divested Techniks Tool Group to an affiliate of Z Capital Partners.
Headquartered in Indianapolis, Indiana, Techniks Tool Group (TTG) is a leading provider of aftermarket CNC tool holders, cutting tool and work holding solutions. TTG leverages world-class domestic manufacturing capabilities, two well-regarded brands, a global high-value supply chain, R&D technologies and a history of innovation to service an extensive network of metalworking and industrial distributors, machine OEMs and cutting tool manufacturers. TTG was formed in 2017 through the combination of industry-leading brands Techniks and Parlec, which have more than 90 years in the marketplace. TTG also has a manufacturing facility in Rochester, New York.
Lincoln acted as the exclusive investment banking representative for TTG, working closely with the company's management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
About Lincoln International
We are trusted investment banking advisors to business owners and senior executives of leading private equity firms and public and privately held companies around the world. Our advisory services include mergers and acquisitions, debt advisory, growth equity and restructuring for the mid-market. We also provide valuations and fairness opinions and joint ventures advisory services. As one tightly integrated team of more than 500 professionals across 15 countries, we offer an unobstructed perspective, backed by superb execution and a deep commitment to client success. With extensive industry knowledge and relationships, timely market intelligence and strategic insights, we forge deep, productive client relationships that endure for decades. Connect with us to learn more at www.lincolninternational.com.
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hbecker@lincolninternational.com
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