M&A Deal Summary

Blackstreet Capital Management Acquires Distinctive Apparel International

On November 1, 2011, private equity firm Blackstreet Capital Management acquired apparel/textiles company Distinctive Apparel International

Acquisition Highlights
  • This is Blackstreet Capital Management’s 2nd transaction in the Apparel/Textiles sector.
  • This is Blackstreet Capital Management’s 10th transaction in the United States.
  • This is Blackstreet Capital Management’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2011-11-01
Target Distinctive Apparel International
Sector Apparel/Textiles
Buyer(s) Blackstreet Capital Management
Deal Type Special Situations/Distressed

Target

Distinctive Apparel International

Randolph, Massachusetts, United States
Distinctive Apparel International is an online and catalog retailer of women’s apparel marketed under the Chadwicks and Metrostyle brands. Distinctive Apparel International sells practical every day clothing (Chadwicks) as well as trendy and affordable clothing (Metrostyle) and targets women in their fifties. Distinctive Apparel International was founded in 2011 and is based in Randolph, Massachusetts.

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Buyer(S) 1

Buyer

Blackstreet Capital Management

Chevy Chase, Maryland, United States

website

Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 27 of 37
Sector (Apparel/Textiles) 2 of 3
Type (Special Situations/Distressed) 2 of 4
State (Massachusetts) 1 of 2
Country (United States) 10 of 18
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 Pennysaver

Hanover, Maryland, United States

Pennysaver, Inc. is a publisher of community-based, advertising supported, direct mail shoppers in the Baltimore-Washington metropolitan area. Pennysaver was founded in 1979 and is based in Hanover, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Debt Line

Bournemouth, United Kingdom

Debt Line is a debt management sector, administrating Debt Management Plans ("DMP's") for 20,000 clients. DMP's are agreements between an individual and their creditors that restructure the individuals existing debt and allow for more manageable monthly repayments. Debt Line was founded in 2006 and is based in Bournemouth, United Kingdom.

Buy -
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