M&A Deal Summary

Prestige Consumer Healthcare Acquires Blacksmith Brands Holdings

On September 20, 2010, Prestige Consumer Healthcare, Inc. acquired retail company Blacksmith Brands Holdings, Inc. from Yellow Wood Partners and Charlesbank Capital Partners for 190M USD

Acquisition Highlights
  • This is Prestige Consumer Healthcare’s 1st transaction in the Retail sector.
  • This is Prestige Consumer Healthcare’s 5th largest (disclosed) transaction.
  • This is Prestige Consumer Healthcare’s 8th transaction in the United States.
  • This is Prestige Consumer Healthcare’s 3rd transaction in New York.

M&A Deal Summary

Date 2010-09-20
Target Blacksmith Brands Holdings, Inc.
Sector Retail
Buyer(s) Prestige Consumer Healthcare, Inc.
Sellers(s) Yellow Wood Partners
Charlesbank Capital Partners
Deal Type Add-on Acquisition
Deal Value 190M USD

Target

Blacksmith Brands Holdings, Inc.

Tarrytown, New York, United States
website
Blacksmith Brands Holdings, Inc. markets, sells and distributes over-the-counter drug and personal care products. Its platform today consists of five over-the-counter consumer products brands: EFFERDENT® denture cleaner; EFFERGRIP® denture adhesive cream; LUDEN'S® throat drops; NASALCROM® nasal allergy relief spray; and PEDIACARE® children's cough and cold medicine and Gentle Vapors® waterless vaporizer.

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Buyer(S) 1

Buyer

Prestige Consumer Healthcare, Inc.

Tarrytown, New York, United States

website


Category Company
Founded 1996
SectorConsumer Products
Employees505
Revenue 943M USD (2021)
DESCRIPTION

Prestige Consumer markets and distributes brand name over-the-counter medicines and household cleaning products throughout the US, Canada, Australia, and other select international markets. Prestige Consumer was established in 1996 and is based in Tarrytown, New York.


DEAL STATS #
Overall 8 of 14
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (New York) 3 of 3
Country (United States) 8 of 13
Year (2010) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Cutex Brands LLC

Festus, Missouri, United States

Cutex Brands LLC is a producer of nail polish removers and nail treatments, sold through drug stores, mass merchandisers, supermarkets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-16 Dramamine Brand

United States

Dramamine products are used for the prevention and treatment of nausea, vomiting and dizziness symptoms associated with motion sickness.

Buy $76M

Seller(S) 2

SELLER

Yellow Wood Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 225M USD
SizeSmall
Type Sector Focused
DESCRIPTION

Yellow Wood Partners is a specialist private equity firm focused on control and minority investments in the consumer sector. Yellow Wood targets growth companies generating positive cash flow and the potential and the potential for increased growth/improved margins. Specific areas of interest include food, beverages, pet care, home goods, outdoor/recreation, health/wellness, and beauty/personal care. The Firm looks to commit $25 to $150 million per company. Yellow Wood Partners was formed in 2009 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-29 Blacksmith Brands Holdings, Inc.

Tarrytown, New York, United States

Blacksmith Brands Holdings, Inc. markets, sells and distributes over-the-counter drug and personal care products. Its platform today consists of five over-the-counter consumer products brands: EFFERDENT® denture cleaner; EFFERGRIP® denture adhesive cream; LUDEN'S® throat drops; NASALCROM® nasal allergy relief spray; and PEDIACARE® children's cough and cold medicine and Gentle Vapors® waterless vaporizer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Parfums de Coeur Ltd.

Stamford, Connecticut, United States

PDC Brands is a beauty and wellness company. PDC Brands’ portfolio of category-leading brands includes Cantu, Dr Teal’s, Eylure, and Body Fantasies. PDC Brands’ portfolio of products can be found at major mass, chain drug, grocery and specialty retailers throughout the US, UK and in over 60 markets globally.

Buy -
SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $1.5 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 21 of 48
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 7 of 17
State (New York) 3 of 5
Country (United States) 18 of 44
Year (2010) 3 of 4
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-20 Cedar Creek, Inc.

Tulsa, Oklahoma, United States

Cedar Creek, Inc. is a wholesale building materials distribution company.Beginning as one yard in Oklahoma, we have since expanded our operations across the United States. “Locations” of our distribution yards can be found under the locations link. The Company is headquartered in Oklahoma with operations in the United States, offering a wide range of products that vary by region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Blueknight Energy Partners LP

Oklahoma City, Oklahoma, United States

Blueknight Energy Partners is an Oklahoma-based provider of midstream energy services. The company focuses on three main areas of operations: crude oil storage, crude oil gathering and transportation, and asphalt storage and processing services. Formed in 2007, the company is a publicly traded master limited partnership (MLP).

Buy -