M&A Deal Summary

Randa Accessories Acquires Badanco Enterprises

On January 31, 2007, Randa Accessories acquired consumer products company Badanco Enterprises from Champlain Capital for 90M USD

Acquisition Highlights
  • This is Randa Accessories’ 1st transaction in the Consumer Products sector.
  • This is Randa Accessories’ largest (disclosed) transaction.
  • This is Randa Accessories’ 2nd transaction in the United States.
  • This is Randa Accessories’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2007-01-31
Target Badanco Enterprises
Sector Consumer Products
Buyer(s) Randa Accessories
Sellers(s) Champlain Capital
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Badanco Enterprises

Totowa, New Jersey, United States
website
Badanco Enterprises, Inc., is a providers of premium-branded luggage to retailers in the U.S. The Company's product offering consists of a full line of designer luggage and accessories in a variety of brand names including Ralph Lauren/Polo Sport, Pierre Cardin, Diane Von Furstenberg, and Liz Claiborne. The Company also provides everyday luggage products under the Travel Gear, Frequent Traveler, Ventura, and Pegasus brand names.

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Buyer(S) 1

Buyer

Randa Accessories

New Yor, New York, United States

website

Category Company
Founded 1910
Sector Apparel/Textiles
DESCRIPTION

Randa Corp. is an men’s accessories company. Creating and marketing men's belts, small leather goods, neckwear, luggage, casual bags, jewelry, seasonal footwear, hats, gloves, scarves and gifts, Randa collaborates with 75 marquee brands.

DEAL STATS #
Overall 2 of 4
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 2 of 4
Year (2007) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-01 Humphreys

Chicago, Illinois, United States

Humphreys was the market leader in domestic men's and boys' belt sales, held the Levi's and Dockers belt and accessories licenses, and enjoyed a strong position vis-à-vis its primary competitors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-17 Swank

New York, New York, United States

Swank, Inc. is providing high quality men’s fashion accessories since 1897. Swank designs, sources, markets, and distributes a broad selection of high quality men’s jewelry, belts, personal leather accessories, and gifts throughout the country.

Buy $58M

Seller(S) 1

SELLER

Champlain Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 140M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Champlain Capital Partners is a private equity firm focused on growth capital financings and investments in businesses facing succession issues. The Firm is a generalist investor investor and will consider opportunities in a broad range of manufacturing, service and distribution industries. Target businesses typically have revenues of $10 to $100 million and EBITDA of $3 to $15 million. Champlain prefers companies located in the US. Champlain will not invest in turnaround situations. Champlain Capital Partners was formed in 2000 and is based in San Francisco, California with an additional office in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 15
Sector (Consumer Products) 1 of 4
Type (Add-on Acquisition) 1 of 6
State (New Jersey) 1 of 3
Country (United States) 2 of 15
Year (2007) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-15 Gammill

West Plains, Missouri, United States

Gammill is a designer, manufacturer and marketer of longarm quilting machines and related accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-29 Carstar

Leawood, Kansas, United States

CARSTAR is the largest franchisor of automobile collision repair shops in North America.

Buy -
Mergr

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