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charteroak-equity.com

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Investments

10

Portfolio Exits

6

Partners & Customers

1

About Charter Oak Equity

Charter Oak Equity invests in niche manufacturing, packing, medical products & services, and financial services companies with enterprise vales up to $150 million.

Charter Oak Equity Headquarter Location

10 Wright Street Suite 220

Westport, Connecticut, 06880,

United States

203-221-4752

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Latest Charter Oak Equity News

Charter Oak Exits CHEMRES

Aug 24, 2021

Charter Oak Equity has sold Chemical Resources to Benvic Group, a portfolio company of Investindustrial. Princeton, New Jersey-based Chemical Resources, also known as CHEMRES , manufactures and distributes plastic resins including polyethylene, polypropylene, polystyrene, and other engineered and specialty resins that are used in the medical and diagnostic, wire and cable, packaging, personal care products, building and construction, and industrial sectors. CHEMRES was founded in 1995 by Paul Keimig and acquired by Charter Oak in January 2019. “We appreciate everything the Charter Oak team has done to support our growth over the past few years,” said Mr. Keimig. “They have backed us in investing in our people, in new capabilities and in stronger process controls, allowing us to grow within our target medical, packaging, and wire & cable markets. Charter Oak’s support in purchasing new equipment and bolstering our team allowed us to expand organically to meet the mission-critical high-performance requirements demanded by our customers.” Benvic Group , a portfolio company of Investindustrial since 2018, is a manufacturer and distributor of thermoplastic products used in the construction, fluid transport, cables, packaging, and food industries throughout Europe. Benvic, founded in 1963, is headquartered 220 miles southeast of Paris in Chevigny-Saint-Sauveur, France, and operates eight production facilities in France, Italy, Spain, Poland and the United Kingdom. Charter Oak invests in companies with enterprise values of $25 million to $150 million. Sectors of interest include niche manufacturing, packaging, medical products and services, specialty chemicals, consumer products and financial services. To date, over $500 million in control-oriented capital has been invested in 30 portfolio companies through over 50 acquisitions. Charter Oak was founded in 2006 – its predecessor funds have been active since 1992 – and is based in Westport, Connecticut. “We are proud to have assisted Paul and the CHEMRES team in accomplishing the objectives we jointly envisioned at the start of our partnership,” said Charter Oak Managing Partner Mark Ullman. “Benvic recognized the company’s unparalleled medical-grade capabilities as providing a unique North American beachhead investment in the specialty polymer sector.” Investindustrial makes control investments in middle-market companies in Southern Europe and will selectively make investments in located outside of this geography. Sectors of interest include consumer and leisure, healthcare and services, industrial manufacturing and technology industries. Luxembourg-headquartered Investindustrial was founded in 1990 and has additional offices in the United Kingdom, the United States, China, Spain, and Switzerland. © 2021 Private Equity Professional | August 24, 2021 Share on twitter

Charter Oak Equity Investments

10 Investments

Charter Oak Equity has made 10 investments. Their latest investment was in Licaplast Industries Emballages as part of their Recap on October 10, 2018.

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Charter Oak Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/26/2018

Recap

Licaplast Industries Emballages

Yes

2

3/9/2018

Private Equity

Smartcare

$6M

Yes

1

11/25/2015

Private Equity

ShelterLogic

$4.79M

Yes

1

1/4/2012

Series C

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$99M

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10

8/21/2006

PIPE

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$99M

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10

Date

10/26/2018

3/9/2018

11/25/2015

1/4/2012

8/21/2006

Round

Recap

Private Equity

Private Equity

Series C

PIPE

Company

Licaplast Industries Emballages

Smartcare

ShelterLogic

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Amount

$6M

$4.79M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

Charter Oak Equity Portfolio Exits

6 Portfolio Exits

Charter Oak Equity has 6 portfolio exits. Their latest portfolio exit was Smartcare on January 13, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/13/2021

Acquired

5

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

1/13/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

5

10

10

10

10

Charter Oak Equity Acquisitions

8 Acquisitions

Charter Oak Equity acquired 8 companies. Their latest acquisition was Seaboard Folding Box on August 13, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/13/2014

Acq - Fin

$0.08M

Acq - Fin

1

11/6/2013

Acq - Fin

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$99M

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10

5/10/2013

Acq - Fin

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$99M

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10

9/7/2011

Unattributed

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$99M

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10

10/19/2009

Leveraged Buyout

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$99M

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10

Date

8/13/2014

11/6/2013

5/10/2013

9/7/2011

10/19/2009

Investment Stage

Acq - Fin

Acq - Fin

Acq - Fin

Unattributed

Leveraged Buyout

Companies

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Valuation

Total Funding

$0.08M

$99M

$99M

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

10

10

Charter Oak Equity Partners & Customers

1 Partners and customers

Charter Oak Equity has 1 strategic partners and customers. Charter Oak Equity recently partnered with ePlus on January 1, 2012.

Date

Type

Business Partner

Country

News Snippet

Sources

1/5/2012

Vendor

ePlus

United States

ePlus Technology Selected by Charter Oak State College for Unified Communications and Managed Services.

announced today that its subsidiary , ePlus , inc. , has been selected by Charter Oak , Connecticut 's public online college for adults seeking to complete bachelor 's degrees , for a Cisco and Managed Services deployment .

2

Date

1/5/2012

Type

Vendor

Business Partner

ePlus

Country

United States

News Snippet

ePlus Technology Selected by Charter Oak State College for Unified Communications and Managed Services.

announced today that its subsidiary , ePlus , inc. , has been selected by Charter Oak , Connecticut 's public online college for adults seeking to complete bachelor 's degrees , for a Cisco and Managed Services deployment .

Sources

2

Charter Oak Equity Team

5 Team Members

Charter Oak Equity has 5 team members, including current General Partner, Zubin Avari.

Name

Work History

Title

Status

Zubin Avari

General Partner

Current

Mark Ullman

General Partner

Current

Anthony J Dowd

Managing Partner

Former

Robert P Sarrazin

Managing Partner

Former

Robert Jaffee

General Partner

Former

Name

Zubin Avari

Mark Ullman

Anthony J Dowd

Robert P Sarrazin

Robert Jaffee

Work History

Title

General Partner

General Partner

Managing Partner

Managing Partner

General Partner

Status

Current

Current

Former

Former

Former

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