Investment Summary

Advent International, SSM Partners and Farragut Capital Partners Exits Kirkland s

On July 11, 2002, invested in retailer Kirkland s from Advent International, SSM Partners and Farragut Capital Partners

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in the United States.
  • This is transaction in Tennessee.

Investment Summary

Date 2002-07-11
Target Kirkland s
Sector Retail
Sellers(s) Advent International
SSM Partners
Farragut Capital Partners
Deal Type IPO

Target

Kirkland s

Brentwood, Tennessee, United States
Kirkland's is a retailer of home décor and gifts. Kirkland's was founded in 1966 and is based in Brentwood, Tennessee.

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Seller(S) 3

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 39 of 233
Sector: Retail M&A 1 of 17
Type: IPO M&A Deals 10 of 35
State: Tennessee M&A 1 of 1
Country: United States M&A 23 of 84
Year: 2002 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 VeriFone

New York, New York, United States

VeriFone is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone was founded in 1981 and is headquartered in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-09 Datek Online Holdings

Iselin, New Jersey, United States

Established in 1998, privately held Datek Online Holdings Corp. is one of the fastest-growing financial services companies in the United States and through affiliates provides swift access to financial services through innovative technology. The Company’s primary businesses are Datek Online Brokerage Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and Watcher Technologies, a provider of cutting-edge trading systems for the professional trading industry.

Sell $1.3B
SELLER

SSM Partners

Memphis, Tennessee, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

SSM Partners is a private equity firm that targets investments in smaller, rapidly growing, private companies based in the Southeast US. Areas of interest include business/outsourcing services, healthcare and consumer services. SSM focuses on transactions requiring $10 to $30 million of equity. Prospective transactions include growth financings, acquisitions, management led buyouts, and recapitalizations. SSM will also consider early-stage opportunities. SSM Partners is based in Memphis, Tennessee.


DEAL STATS #
Overall 3 of 28
Sector: Retail M&A 1 of 1
Type: IPO M&A Deals 1 of 3
State: Tennessee M&A 1 of 7
Country: United States M&A 3 of 28
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-31 Servigistics

Atlanta, Georgia, United States

Servigistics, Inc. is an enterprise software solution provider for Service Lifecycle Management (SLM). Servigistics provides software solutions that enable companies to plan, manage and monitor their post-sale service business processes including service parts, field technician scheduling and routing, service knowledge and pricing management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-12 Direct General

Nashville, Tennessee, United States

Direct General Corp. is a financial services company providing non-standard personal automobile insurance, term life insurance, premium finance and other consumer finance products and services through retail offices.

Sell -
SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 2 of 25
Sector: Retail M&A 2 of 2
Type: IPO M&A Deals 2 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 25
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Scitor

Reston, Virginia, United States

Scitor Corp. is a provider of engineering, financial, management, and related services to the corporate customers. The company offers services for acquisition and life cycle management support, business process improvement, configuration management, facilitation services, feasibility assessments, and integrated logistics support. Scitor was formed in 1979 and is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-01 Housecall Medical Resources

Atlanta, Georgia, United States

Housecall Medical Resources, Inc., develops into a multi-service-line home healthcare platform with strong geographic coverage in Tennessee and Florida, particularly in their rural markets. Housecall employed approximately 3,000 full and part time, largely female staff and served primarily elderly patients covered under the Medicare and Medicaid benefits.

Buy -