M&A Deal Summary

Societe de Tissage de Gerardmer Garnier Thiebaut SAS Acquires Hilden America

On May 19, 2010, Societe de Tissage de Gerardmer Garnier Thiebaut SAS acquired apparel/textiles company Hilden America from Pine Creek Partners and Harren Equity Partners

Acquisition Highlights
  • This is Societe de Tissage de Gerardmer Garnier Thiebaut SAS’s 1st transaction in the Apparel/Textiles sector.
  • This is Societe de Tissage de Gerardmer Garnier Thiebaut SAS’s 1st transaction in the United States.
  • This is Societe de Tissage de Gerardmer Garnier Thiebaut SAS’s 1st transaction in Virginia.

M&A Deal Summary

Date 2010-05-19
Target Hilden America
Sector Apparel/Textiles
Buyer(s) Societe de Tissage de Gerardmer Garnier Thiebaut SAS
Sellers(s) Pine Creek Partners
Harren Equity Partners
Deal Type Add-on Acquisition

Target

Hilden America

South Boston, Virginia, United States
website
Hilden American is a designer, importer, and distributor of branded textile products for the hospitality end market.

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Buyer(S) 1

DESCRIPTION

Societe de Tissage de Gerardmer Garnier Thiebaut SAS is a designer and manufacturer of home furnishings. It offers a range of table cloths, linen, towels, aprons, duvets, bed sheets, cushion covers, napkins, bathrobes, mats, and accessories.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1

Seller(S) 2

SELLER

Pine Creek Partners

Washington, District of Columbia, United States

Investor

website


Category Private Equity Firm
PE ASSETS 53M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pine Creek Partners is a private equity firm focused on smaller company investments in financial services, select consumer products, travel and leisure, educational products and services, and federal government contractors. Pine Creek looks to invest $3 to $7 million in companies with at least $5 million in annual revenues. The Firm will consider both minority and majority investment situations. Transaction types include leveraged buyouts, management buyouts, recapitalizations, shareholder repurchases, consolidations, growth financings, acquisition financings, and balance sheet restructurings. Pine Creek Partners is based in Washinton, DC.


DEAL STATS #
Overall 1 of 4
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 2
Country (United States) 1 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-08 The CrossGlobe Group

Glen Allen, Virginia, United States

The CrossGlobe Group is a multi-port logistics platform build providing warehousing, transloading and value added services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-09 The CrossGlobe Group

Glen Allen, Virginia, United States

The CrossGlobe Group is a multi-port logistics platform build providing warehousing, transloading and value added services.

Sell $16M
SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.


DEAL STATS #
Overall 9 of 22
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 9
State (Virginia) 3 of 5
Country (United States) 9 of 22
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-08 The CrossGlobe Group

Glen Allen, Virginia, United States

The CrossGlobe Group is a multi-port logistics platform build providing warehousing, transloading and value added services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-17 Marianna

Omaha, Nebraska, United States

Founded in 1968, Marianna is a full-service custom manufacturer, formulator, and distributor of client-tailored hair care, hand and body products, styling aids and fixatives, hair color and dispensary products, and pet grooming products. Marianna operates a 400,000 square foot FDA-registered and cGMP-compliant facility, offering a comprehensive suite of capabilities, including research and development, packaging compatibility, preservative efficacy, and micro testing, regulatory expertise, global sourcing competency, customized kitting, and multiple distribution options.

Buy -