M&A Deal Summary

Juggernaut Capital Partners Acquires Mitchell & Ness

On May 27, 2016, private equity firm Juggernaut Capital Partners acquired apparel/textiles company Mitchell & Ness from adidas

Acquisition Highlights
  • This is Juggernaut Capital Partners’ 2nd transaction in the Apparel/Textiles sector.
  • This is Juggernaut Capital Partners’ 14th transaction in the United States.
  • This is Juggernaut Capital Partners’ 1st transaction in California.
Investment Fate
  • Mitchell & Ness was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2016-05-27
Target Mitchell & Ness
Sector Apparel/Textiles
Buyer(s) Juggernaut Capital Partners
Sellers(s) adidas
Deal Type Divestiture

Target

Mitchell & Ness

Irvine, California, United States
Mitchell & Ness is a global platform in nostalgia headwear and apparel with longstanding licensing agreements across multiple professional sports leagues including the NBA, NHL, MLB and NFL. Mitchell & Ness is a strong lifestyle brand that is well known for its authentic headwear and apparel craftsmanship. Mitchell & Ness was founded in 1904 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Juggernaut Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Juggernaut Capital Partners (JCP) is a private equity firm that targets middle market consumer products and business services companies throughout the US. The Firm seeks majority and minority stakes where it can commit $10 to $50 million of equity capital. JCP will consider a variety of transaction types, including buyouts, restructurings, and recapitalizations. Juggernaut Capital Partners was formed in 2009 and is based in Washington DC.


DEAL STATS #
Overall 15 of 32
Sector (Apparel/Textiles) 2 of 2
Type (Divestiture) 1 of 2
State (California) 1 of 6
Country (United States) 14 of 31
Year (2016) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Consensus Health

Marlton, New Jersey, United States

Consensus Health is an outsourced service provider in the healthcare industry. The Company provides outsourced practice management and population health services that help independent physicians increase profitability while improving cost and quality of care. Consensus Health is based in Marlton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Metuchen Pharmaceuticals

Freehold, New Jersey, United States

Metuchen Pharmaceuticals is a men’s health-focused specialty pharmaceutical company. The company identifies, acquires, develops and commercializes products that have significant clinical advantages and patent protection. Metuchen has a full range of commercial capabilities including sales, marketing regulatory and medical affairs, finance, trade relations, pharmacovigilance, managed care customer management, manufacturing and distribution. Metuchen Pharmaceuticals was founded in 2016 and is based in Freehold, New Jersey.

Buy -

Seller(S) 1

SELLER

adidas

Herzogenaurach, Germany

Category Company
Founded 1920
Sector Apparel/Textiles
Employees51,561
Revenue 21.4B EUR (2023)
DESCRIPTION
Entrance to an Adidas Group office in Spartanburg, South Carolina.
Entrance to an Adidas Group office in Spartanburg, South Carolina.

adidas is a global producer of sporting goods and apparel. Its brands include Adidas, Five Ten, Reebok, TaylorMade, Adams Golf, and Ashworth. adidas was founded in 1920 and is based in Herzogenaurach, Germany.


DEAL STATS #
Overall 3 of 6
Sector (Apparel/Textiles) 2 of 3
Type (Divestiture) 3 of 6
State (California) 1 of 2
Country (United States) 2 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Runtastic

Pasching, Austria

Runtastic is a European maker of fitness apps and wearable activity trackers.

Buy €220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 TaylorMade

Carlsbad, California, United States

TaylorMade is a manufacturer of high-performance golf equipment, golf balls, and accessories with industry-leading innovative products like SIM2 metalwoods, SIM2 irons, P Series irons, TP5/TP5X golf balls, and Spider putters. A major force across the world's professional tours, TaylorMade has an unrivaled athlete portfolio that includes Tiger Woods, Dustin Johnson, Rory McIlroy, Tommy Fleetwood, Collin Morikawa, Rickie Fowler, Matthew Wolff, Sung Hyun Park, Charley Hull, Maria Fassi, and Sierra Brooks. TaylorMade was formed in 1979 and is based in Carlsbad, California.

Sell $425M