M&A Deal Summary

Brookside Equity Partners, Clearview Capital and Peninsula Capital Partners Acquires American Furniture Manufacturing

On September 26, 2001, private equity firm Brookside Equity Partners, private equity firm Clearview Capital LLC and mezzanine finance firm Peninsula Capital Partners L.L.C. acquired furniture company American Furniture Manufacturing, Inc. for 36M USD

Acquisition Highlights
  • This is Brookside Equity Partners’ 2nd, Clearview Capital’s 2nd and Peninsula Capital Partners’ 1st transaction in the Furniture sector.
  • This is Brookside Equity Partners’ 2nd, Clearview Capital’s 1st and Peninsula Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Brookside Equity Partners’ 6th, Clearview Capital’s 3rd and Peninsula Capital Partners’ 29th transaction in the United States.
  • This is Brookside Equity Partners’ 1st, Clearview Capital’s 1st and Peninsula Capital Partners’ 1st transaction in Mississippi.
Investment Fate
  • American Furniture Manufacturing was sold to a consortium of financial buyers in 2004.
  • American Furniture Manufacturing was sold to a financial buyer in 2007 for 93M USD.

M&A Deal Summary

Date 2001-09-26
Target American Furniture Manufacturing, Inc.
Sector Furniture
Buyer(s) Brookside Equity Partners
Clearview Capital LLC
Peninsula Capital Partners L.L.C.
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 36M USD

Target

American Furniture Manufacturing, Inc.

Ecru, Mississippi, United States
website
American Furniture Manufacturing, Inc. is a manufacturer of promotional upholstered residential furniture sold to regional independent retailers, rent-to-own dealers and distributors nationwide.

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Buyer(S) 3

Buyer

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, business services, financial services, and consumer businesses. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 6 of 36
Sector (Furniture) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 4 of 14
State (Mississippi) 1 of 1
Country (United States) 6 of 35
Year (2001) 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-19 PTC Therapeutics, Inc.

South Plainfield, New Jersey, United States

PTC Therapeutics is a biopharmaceutical company focused on the discovery, development and commercialization of orally administered, proprietary small molecule drugs targeting an area of RNA biology we refer to as post-transcriptional control. PTC Therapeutics was founded in 1998 and is based in South Plainfield, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-11 M.H. Zeigler & Sons LLC

Lansdale, Pennsylvania, United States

M.H. Zeigler & Sons, LLC, is a manufacturer and distributor of refrigerated apple cider and cider blends.

Buy -
Buyer

Clearview Capital LLC

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 645M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 3 of 42
Sector (Furniture) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 21
State (Mississippi) 1 of 1
Country (United States) 3 of 41
Year (2001) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-01 Compression Polymers Group/VYCOM

Scranton, Pennsylvania, United States

Compression Polymers Group, together with its division Vycom, is the world leader in the manufacture of highly engineered extruded polypropylene, polyethylene and PVC/CPVC thermoplastic sheet products used primarily as metal and wood substitutes in a variety of applications and end markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-11 M.H. Zeigler & Sons LLC

Lansdale, Pennsylvania, United States

M.H. Zeigler & Sons, LLC, is a manufacturer and distributor of refrigerated apple cider and cider blends.

Buy -
Buyer

Peninsula Capital Partners L.L.C.

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 29 of 120
Sector (Furniture) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 16 of 62
State (Mississippi) 1 of 1
Country (United States) 29 of 113
Year (2001) 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-01 All-Pak, Inc.

Bridgeville, Pennsylvania, United States

All-Pak, Inc. is a privately held packaging design, distribution and logistics company headquartered in Bridgeville, PA. The Company provides packaging solutions such as metal and plastic drums, plastic bottles, closures, labels, bags and a myriad of other packaging components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Celanese EVA Performance Polymers, Inc.

Edmonton, Alberta, United Kingdom

Celanese EVA (ethylene vinyl acetate) polymers is a North American manufacturer of a full range of EVA copolymers. Celanese EVA polymers is based in Dallas, Texas, and its manufacturing plant is located in Edmonton, Alberta, Canada.

Buy -