M&A Deal Summary

Centric Brands Acquires Hudson Clothing

On October 2, 2013, Centric Brands acquired apparel/textiles company Hudson Clothing from Webster Equity Partners and Growcore Investments for 98M USD

Acquisition Highlights
  • This is Centric Brands’ 1st transaction in the Apparel/Textiles sector.
  • This is Centric Brands’ 2nd largest (disclosed) transaction.
  • This is Centric Brands’ 1st transaction in the United States.
  • This is Centric Brands’ 1st transaction in California.

M&A Deal Summary
Date 2013-10-02
Target Hudson Clothing
Sector Apparel/Textiles
Buyer(s) Centric Brands
Sellers(s) Webster Equity Partners
Growcore Investments
Deal Type Add-on Acquisition
Deal Value 98M USD
Advisor(s) Lazard Middle Market (Financial)
McDermott Will & Emery (Legal)

Target

Hudson Clothing

Commerce, California, United States
Hudson Clothing LLC is a designer and marketer of premium branded denim apparel. Hudson Clothing was formed in 2002 and is based in Commerce, California.

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Buyer(S) 1

Buyer

Centric Brands

New York, New York, United States
Category Company
Founded 1987
Sector Apparel/Textiles
Revenue 597M USD (2018)
DESCRIPTION

Centric Brands is a design, development, production, and marketing of apparel products. Centric Brands was founded in 1987 and is based in Commerce, California.

DEAL STATS #
Overall 1 of 6
Sector (Apparel/Textiles) 1 of 6
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 2
Country (United States) 1 of 4
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-28 Robert Graham

New York, New York, United States

Robert Graham LLC is a provider of luxury men’s and women’s collection apparel. Robert Graham was founded in 2001 and is based in New York City.

Buy -

Seller(S) 2

SELLER

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 8 of 20
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 10
State (California) 1 of 4
Country (United States) 8 of 20
Year (2013) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Best Friends Pet Care

Kent, Washington, United States

Best Friends Pet Care, Inc. is a provider of services to pet owners and their companion animals, operating 42 boarding, grooming, training and veterinary centers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Best Friends Pet Care

Kent, Washington, United States

Best Friends Pet Care, Inc. is a provider of services to pet owners and their companion animals, operating 42 boarding, grooming, training and veterinary centers.

Sell -
SELLER

Growcore Investments

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Growcore Investments is a private equity firm that invests in growth-oriented consumer products and services companies primarily located in the US. Growcore Investments focuses on companies with strong market positions, experienced management, and unique/differentiated products. The Firm targets companies operating in the fields of Active Sports & Footwear, Consumer Products/ Soft Lines, Apparel & Accessories, Food & Beverage, and Retail / Restaurants. Growcore Investments was formed in 2008 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 3 of 7
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (California) 3 of 3
Country (United States) 3 of 7
Year (2013) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Salt Lake Brewing

Salt Lake City, Utah, United States

Salt Lake Brewing Co. is a craft brewer operating under the Squatters and Wasatch brand names. The Company also owns high volume brew pubs and restaurants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Skip Hop

New York, New York, United States

Skip Hop Inc. is a designer of an innovative products for moms and dads. The company understands the challenges faced by today’s parents as they are adjusting to their new lives. They study how families use existing parenting products, and armed with this knowledge, create smarter, more innovative solutions that combine advanced functionality and modern design. The result is a variety of exciting essentials that make day-to-day living easier (and better!) for today’s moms and dads.

Buy -
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