M&A Deal Summary

Orchard Brands Acquires Appleseeds

On January 2, 2006, Orchard Brands acquired apparel/textiles company Appleseeds from Golden Gate Capital and American Capital

Acquisition Highlights
  • This is Orchard Brands’ 1st transaction in the Apparel/Textiles sector.
  • This is Orchard Brands’ 2nd transaction in the United States.
  • This is Orchard Brands’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2006-01-02
Target Appleseeds
Sector Apparel/Textiles
Buyer(s) Orchard Brands
Sellers(s) Golden Gate Capital
American Capital
Deal Type Add-on Acquisition

Target

Appleseeds

Middleton, Massachusetts, United States
Appleseed's is a provider of updated classic apparel for women who value style, quality and comfort in their clothes.

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Buyer(S) 1

Buyer

Orchard Brands

Beverly, Massachusetts, United States
Category Company
Founded 2005
Sector Retail
DESCRIPTION

Orchard Brands Corp. is a multi-channel marketer of apparel and home products focused on serving the needs of the rapidly growing market segment of women and men above the age of fifty-five.

DEAL STATS #
Overall 2 of 4
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 1 of 1
Country (United States) 2 of 4
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Draper s & Damon s

Irvine, California, United States

Draper's & Damon's is a retailer of quality apparel serving the 'ageless 50+' woman. Carefree and comfortable fashions that meet the active lifestyle of today's woman are presented in beautifully photographed catalogs, warm and friendly stores, and an interactive website all with an emphasis on world-class service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-15 Linen Source

Tampa, Florida, United States

Linen Source is a catalog and internet retailer of bedding and other home furnishings. The Company was founded in 1943 as Colonial Maid Curtain.

Buy -

Seller(S) 2

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 8 of 84
Sector (Apparel/Textiles) 1 of 3
Type (Add-on Acquisition) 4 of 39
State (Massachusetts) 2 of 4
Country (United States) 6 of 76
Year (2006) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Draper s & Damon s

Irvine, California, United States

Draper's & Damon's is a retailer of quality apparel serving the 'ageless 50+' woman. Carefree and comfortable fashions that meet the active lifestyle of today's woman are presented in beautifully photographed catalogs, warm and friendly stores, and an interactive website all with an emphasis on world-class service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-17 Celetronix USA

Simi Valley, California, United States

Celetronix USA, Inc. provides electronic design and prototyping services through manufacturing and supply chain management.

Sell -
SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 32 of 194
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 14 of 87
State (Massachusetts) 1 of 4
Country (United States) 32 of 186
Year (2006) 1 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 HomeAway

Austin, Texas, United States

HomeAway, Inc. is an online marketplace for the vacation rental industry matching home owners with consumers. HomeAway was formed in 2004 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-16 iTradeNetwork

Pleasanton, California, United States

iTradeNetwork is an on-demand solutions provider for the Foodservice and Retail industries. The company is focused on providing the most efficient solution for the entire supply chain from beginning to end. iTradeNetwork provides integrated solutions that fully manage demand forecast planning, promotional planning, buy/sell transactions from placement through transportation, delivery, and payment.

Buy -
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