M&A Deal Summary

Blyth Acquires Walter Drake

On December 1, 2003, Blyth acquired e-commerce company Walter Drake from JH Partners and Tregaron Capital for 53M USD

Acquisition Highlights
  • This is Blyth’s 1st transaction in the E-Commerce sector.
  • This is Blyth’s largest (disclosed) transaction.
  • This is Blyth’s 3rd transaction in the United States.
  • This is Blyth’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2003-12-01
Target Walter Drake
Sector E-Commerce
Buyer(s) Blyth
Sellers(s) JH Partners
Tregaron Capital
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

Walter Drake

Oshkosh, Wisconsin, United States
website
Walter Drake, Inc. is an online retailer of unique, inexpensive gifts, gadgets and personalized items to household goods and kitchen products.

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Buyer(S) 1

Buyer

Blyth

Greenwich, Connecticut, United States

website

Category Company
Founded 1976
Sector Consumer Products
Employees1,600
Revenue 490M USD (2014)
DESCRIPTION

Blyth is a designer and marketer of candles and other home accessories as well as health & wellness products sold through the direct selling and direct marketing channels.

DEAL STATS #
Overall 3 of 6
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Wisconsin) 1 of 1
Country (United States) 3 of 6
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-13 CBK LTD

Union City, Tennessee, United States

CBK LTD LLC is a designer and marketer of premium everyday giftware and home decor.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-04 ViSalus Holdings

Troy, Michigan, United States

ViSalus Holdings LLC is a provider of innovative health solutions through high quality wellness products such as the Vi-PAK Advanced Anti-Aging and Energy System, ViSalus NEURO Smart Energy Drink, and the Trim Slim Shape Program for healthy weight loss and weight management.

Buy -

Seller(S) 2

SELLER

JH Partners

San Francisco, California, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JH Partners LLC is a private equity firm. It typically invests in online direct marketing, business to business, online services, internet software and services, food products, beverages, consumer staples, advertising, media, consumer services. It seeks to invest between $10 and $300 million in revenues. JH Partners is a hands-on investor and desires to work closely with portfolio companies. JH Partners was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 19
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (Wisconsin) 1 of 1
Country (United States) 4 of 16
Year (2003) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 MD Formulations

San Fransisco, California, United States

MD Formulations has been delivering new and innovative skin care treatments and products that fuse beauty with science. The company develops and markets its major results-oriented aesthetic skin care line under the brand md formulations, which is distributed nationwide through aestheticians, the Internet, company-owned boutiques and select beauty retailers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Design Within Reach

Stamford, Connecticut, United States

Design Within Reach is a provider of distinctive modern design furnishings and accessories. The company markets and sells products from prominent designers, such as Ludwig Mies van der Rohe and Charles and Ray Eames, through four highly integrated sales channels consisting of its studios, catalog, website and direct sales force.

Sell -
SELLER

Tregaron Capital

Palo Alto, California, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Tregaron Capital Company is a private investment firm focused on investing in small to mid-sized businesses with EBITDA between $1 and $5 million and annual revenues of at least $5 million. Tregaron looks to provide mezzanine and/or equity capital to support recapitalizations, management buy-outs, acquisition financings, go-private transactions, buy-outs of founders or passive owners, and growth capital transactions. Target sectors include business services, IT services, healthcare services, mature software and technology, niche food and consumer packaged goods, and value-added distribution. The Firm's investment size is $3 to $10 million per transaction. Tregaron Capital is based in Palo Alto, California.

DEAL STATS #
Overall 1 of 9
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Wisconsin) 1 of 1
Country (United States) 1 of 9
Year (2003) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Walter Drake

Oshkosh, Wisconsin, United States

Walter Drake, Inc. is an online retailer of unique, inexpensive gifts, gadgets and personalized items to household goods and kitchen products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-21 Gallery Associates

Chicago, Illinois, United States

HR Plus is a provider of quality pre-employment background reports and pre-employment drug testing services.

Buy -
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