M&A Deal Summary

Riddell Sports Group Acquires Easton Bell Sports

On February 7, 2006, Riddell Sports Group acquired consumer products company Easton Bell Sports from Chartwell Investments Entrepreneur & Founder Capital, Ontario Teachers Pension Plan, Fenway Partners and York Street Capital Partners for 400M USD

Acquisition Highlights
  • This is Riddell Sports Group’s 1st transaction in the Consumer Products sector.
  • This is Riddell Sports Group’s largest (disclosed) transaction.
  • This is Riddell Sports Group’s 1st transaction in the United States.
  • This is Riddell Sports Group’s 1st transaction in California.

M&A Deal Summary
Date 2006-02-07
Target Easton Bell Sports
Sector Consumer Products
Buyer(s) Riddell Sports Group
Sellers(s) Chartwell Investments Entrepreneur & Founder Capital
Ontario Teachers Pension Plan
Fenway Partners
York Street Capital Partners
Deal Type Add-on Acquisition
Deal Value 400M USD
Advisor(s) Wells Fargo Securities (Financial)
Latham & Watkins (Legal)

Target

Easton Bell Sports

Van Nuys, California, United States
website
Easton-Bell Sports, Inc. is a designer, developer and marketer of branded equipment and accessories that enhance athletic performance and protection. The Company markets and licenses products under Easton, Bell, Riddell, Giro and Blackburn brands. Easton Bell Sports was based in Van Nuys, California.

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Buyer(S) 1

Buyer

Riddell Sports Group

Rosemont, Illinois, United States

website

Category Company
Founded 1922
Sector Consumer Products
DESCRIPTION

Riddell Sports Group, Inc. is a provider and reconditioner of branded athletic equipment, uniforms, and practice gear for young men and women. Riddell Sports Group was formed in 1922 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Kollege Town

Sun Prairie, Wisconsin, United States

Kollege Town is a local source for corporate and team apparel, equipment, and fundraising. Under Armour is the #1 offering for any occasion. Under Armour’s mission is to make all athletes better through passion, design and the relentless pursuit of innovation.

Buy -

Seller(S) 4

SELLER

Chartwell Investments Entrepreneur & Founder Capital

New York, New York, United States

Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Chartwell Investments is a private equity firm that invests in US-based, mid-sized companies with 'strong market positions, sound business models, and meaningful growth prospects'. Areas of interest include consumer products, light manufacturing, distribution, infrastructure, natural resources, energy, building products, and business services. Chartwell seeks to invest $10 to $200 million of equity in transactions that include buyouts, recapitalization, and growth equity financings. The Firm has a special interest in solving family succession issues, intricate tax and public securities problems, as well as creating strategic partnerships. Chartwell will also consider turnaround situations or companies requiring operational improvement. Chartwell Investments was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 1 of 8
Sector (Consumer Products) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (California) 1 of 1
Country (United States) 1 of 8
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Keen Energy Services

Stillwater, Oklahoma, United States

Keen Energy Services is a provider of contract drilling services for oil and gas exploration and production companies, primarily in the mid-continent region of the United States. It is consistently one of Oklahoma's most active drilling contractors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-22 PlayCore

Chattanooga, Tennessee, United States

PlayCore is a provider of consumer equipment and backyard products. Its design, manufacture and marketing of commercial and consumer outdoor playground equipment. The consumer division manufactures kits for wooden swing sets and climbing units, plastic slides and related products.

Sell -
SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.

DEAL STATS #
Overall 2 of 69
Sector (Consumer Products) 1 of 7
Type (Add-on Acquisition) 2 of 28
State (California) 1 of 8
Country (United States) 2 of 38
Year (2006) 1 of 3
Size (of disclosed) 20 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-04 Grupo Corporativo ONO S.A.

Madrid, Spain

Grupo Corporativo ONO S.A. is a broadband service provider. It offers direct access telephony, pay television and internet access services to the residential market where, ONO offers advanced voice, data and value-added services across its own high capacity local access and national backbone networks.

Buy €2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-13 Doane Pet Care

Franklin, Tennessee, United States

Doane Pet Care Company is the largest manufacturer of dry pet food in the United States. The Company manufactures products for both retail customers, including WalMart, and national branded pet food companies. Doane also manufactures and sells its own regional branded products. The Company produces a full range of pet food for both dogs and cats including dry, canned, semi-moist, soft treats and dog biscuits.

Sell -
SELLER

Fenway Partners

Westerly, Rhode Island, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fenway Partners is a private equity firm focused on investments in the consumer products and transportation/logistics/distribution sectors. Fenway looks for profitable companies with positive cash-flow and 'strong franchises. Prospective companies are generally valued between $100 and $600 million with $15 to $75 million of EBITDA. The Firm's investment horizon is four to six years. Fenway Partners was formed in 1994 and maintains offices in New York City and Los Angeles.

DEAL STATS #
Overall 5 of 14
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 1 of 4
State (California) 2 of 3
Country (United States) 5 of 13
Year (2006) 1 of 4
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-22 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 $383M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-16 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.

Sell -
SELLER

York Street Capital Partners

Bedminster, New Jersey, United States

Investor

website

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 559M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

York Street Capital Partners is an investment firm focused on providing mezzanine and equity capital to private equity sponsors. York Street looks to fund acquisitions, buyouts, growth capital, and recapitalizations of middle-market companies. Target sectors include consumer products and services, business services, manufacturing and industrial, aerospace, retail, restaurants, healthcare, transportation and logistics, food, and agriculture. York Street Capital Partners was formed in 2002 and is based in Bedminster, New Jersey.

DEAL STATS #
Overall 4 of 17
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 2 of 7
State (California) 2 of 5
Country (United States) 4 of 15
Year (2006) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-22 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 $383M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-16 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.

Sell -
Mergr

Product

Company

Legal