M&A Deal Summary

Orchard Brands Acquires Norm Thompson Outfitters

On March 22, 2012, Orchard Brands acquired retailer Norm Thompson Outfitters from Golden Gate Capital

Acquisition Highlights
  • This is Orchard Brands’ 3rd transaction in the Retail sector.
  • This is Orchard Brands’ 4th transaction in the United States.
  • This is Orchard Brands’ 1st transaction in Oregon.

M&A Deal Summary
Date 2012-03-22
Target Norm Thompson Outfitters
Sector Retail
Buyer(s) Orchard Brands
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition

Target

Norm Thompson Outfitters

Portland, Oregon, United States
Norm Thompson Outfitters, Inc. is a direct retailer specializing in online and catalog merchandising.

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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 4 of 4
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Oregon) 1 of 1
Country (United States) 4 of 4
Year (2012) 1 of 1
PREVIOUS 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) 1

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 27 of 84
Sector (Retail) 6 of 11
Type (Add-on Acquisition) 13 of 39
State (Oregon) 1 of 2
Country (United States) 24 of 76
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 Ex Libris Group

Jerusalem, Israel

Ex Libris is a provider of software solutions for libraries, academic institutions and information centers. The Company's products are used by libraries to acquire, manage, deliver, and allow their users to discover, both their physical and electronic resources.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Payless Shoes

Topeka, Kansas, United States

Payless Shoesource, Inc. is a specialty family footwear retailer in the Western Hemisphere, is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value.

Buy $2.0B
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