M&A Deal Summary

Parallel Investment Partners Acquires The Children s Place

On July 1, 1996, private equity firm Parallel Investment Partners acquired retailer The Children s Place

Acquisition Highlights
  • This is Parallel Investment Partners’ 3rd transaction in the Retail sector.
  • This is Parallel Investment Partners’ 4th transaction in the United States.
  • This is Parallel Investment Partners’ 1st transaction in New Jersey.
Investment Fate
  • The Children s Place went public in 2005.

M&A Deal Summary
Date 1996-07-01
Target The Children s Place
Sector Retail
Buyer(s) Parallel Investment Partners
Deal Type Recapitalization

Target

The Children s Place

Secaucus, New Jersey, United States
website
The Children's Place is a pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children’s Place”, "Place" and "Baby Place" brand names. The Children's Place was founded in 1969 and is based in Secaucus, New Jersey.

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Buyer(S) 1

Buyer

Parallel Investment Partners

Dallas, Texas, United States

website

Category Private Equity Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Parallel Investment Partners is a private equity firm focused on acquiring North American middle market companies. Parallel looks for companies generating at least $10 million in revenue and valued between $10 and $100 million. Sectors of interest include business services, financial services, energy exploration, energy services, healthcare services, medical products, restaurants, retail, education, engineered products, and light manufacturing. Prospective transaction situations include recapitalizations, growth capital financings, buyouts, and divestitures. Parallel Investment Partners was formed in 1999 and is based in Dallas Texas.

DEAL STATS #
Overall 4 of 25
Sector (Retail) 3 of 10
Type (Recapitalization) 4 of 22
State (New Jersey) 1 of 1
Country (United States) 4 of 25
Year (1996) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Targus

Anaheim, California, United States

Targus is a provider of quality and innovative mobile computer accessories, cases, and bags. Targus was formed in 1983 and is based in Anaheim, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-01 Benetech

Aurora, Illinois, United States

Benetech is a domestic supplier of dust management systems to the coal and electric utility industries. The company designs, manufactures, installs and maintains dust management equipment for its customers and provides the chemicals utilized by its equipment. Benetech was founded in 1983 and is based in Aurora, Illinois.

Buy -
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