M&A Deal Summary

Versa Capital Management Acquires Vestis Retail Group

On January 31, 2013, distressed investor Versa Capital Management acquired retailer Vestis Retail Group

Acquisition Highlights
  • This is Versa Capital Management’s 5th transaction in the Retail sector.
  • This is Versa Capital Management’s 19th transaction in the United States.
  • This is Versa Capital Management’s 3rd transaction in Connecticut.

M&A Deal Summary
Date 2013-01-31
Target Vestis Retail Group
Sector Retail
Buyer(s) Versa Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Vestis Retail Group

Meriden, Connecticut, United States
Vestis Retail Group LLC is a retail platform and operates two retailers Bob’s Stores (Bob’s) and Eastern Mountain Sports (EMS).

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Buyer(S) 1

Buyer

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 21 of 28
Sector (Retail) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Connecticut) 3 of 3
Country (United States) 19 of 26
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 Eastern Mountain Sports

Meriden, Connecticut, United States

Eastern Mountain Sports helps people of all ages and abilities have more fun outside as a trusted source of top-quality outdoor gear, apparel, and advice. EMS offers consumers a compelling product portfolio consisting of EMS branded products and leading outdoor and active brands such as The North Face, Oboz, Thule, and Columbia. The retailer operates more than 20 locations in seven U.S. northeastern states and has a robust e-commerce platform. Eastern Mountain Sports was formed in 1967 and is based in Meriden, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-06 Hatteras Yachts

New Bern, North Carolina, United States

Hatteras Yachts is a designer and manufacturer of fiberglass sports fishing convertibles, motor yachts, and cruising yachts in various models.

Buy -
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