M&A Deal Summary

Signet Jewelers Acquires Ultra Stores

On November 2, 2012, Signet Jewelers acquired retailer Ultra Stores from Crystal Capital and Hagerty Peterson for 57M USD

Acquisition Highlights
  • This is Signet Jewelers’ 1st transaction in the Retail sector.
  • This is Signet Jewelers’ 5th largest (disclosed) transaction.
  • This is Signet Jewelers’ 1st transaction in the United States.
  • This is Signet Jewelers’ 1st transaction in Illinois.

M&A Deal Summary
Date 2012-11-02
Target Ultra Stores
Sector Retail
Buyer(s) Signet Jewelers
Sellers(s) Crystal Capital
Hagerty Peterson
Deal Type Add-on Acquisition
Deal Value 57M USD
Advisor(s) Duff & Phelps Corp. (Financial)

Target

Ultra Stores

Chicago, Illinois, United States
website
Ultra Stores, Inc. is the retailer of fine jewelry in Value and Outlet centers in the country. Currently the value retailer of fine jewelry in the nation, Ultra is ranked among the top 5 national jewelry chains by National Jeweler Magazine with over 198 stores in operation.

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Buyer(S) 1

Buyer

Signet Jewelers

Hamilton, Bermuda

website

Category Company
Sector Retail
Employees30,856
Revenue 7.8B USD (2022)
DESCRIPTION

Signet Jewelers is engaged in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. Signet Jewelers is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 7
Sector (Retail) 1 of 4
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 1
Country (United States) 1 of 6
Year (2012) 1 of 1
Size (of disclosed) 5 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 H&A Cutting Works Pty

Gaborone, Botswana

H&A Cutting Works (Botswana) Pty Ltd. engages in Diamond Polishing Factory in Gaborone.

Buy -

Seller(S) 2

SELLER

Crystal Capital

Boston, Massachusetts, United States

website

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.

DEAL STATS #
Overall 5 of 19
Sector (Retail) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Illinois) 2 of 2
Country (United States) 5 of 19
Year (2012) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 The Kraus Group of Companies

Waterloo, Ontario, Canada

The Kraus Group of Companies, based in Waterloo, Ontario, is a vertically integrated manufacturer and distributor of premium carpet and flooring serving both the residential and commercial markets in Canada, the US and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 Vertis Holdings

Baltimore, Maryland, United States

Vertis Holdings, Inc. is a marketing communications company that delivers inventive advertising, direct marketing and interactive solutions to prominent brands.

Sell $170M
SELLER

Hagerty Peterson

Barrington, Illinois, United States

website

Category Merchant Bank
Founded 1997
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hagerty Peterson and Company, LLC is a merchant bank and private equity firm that seeks to work with companies that provide technology driven solutions to commercial clients. The firm focuses on the business services and information services sectors of the economy. Hagerty Peterson and Company LLC was formed in 1997 and is based in Barrington, Illinois.

DEAL STATS #
Overall 3 of 4
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Illinois) 1 of 2
Country (United States) 3 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-15 Wisdom Tools

Bloomington, Indiana, United States

Wisdom Tools, Inc. is a provider of customized, Web-based learning that leverages the power of stories. Its scenarios bring content to life and cause the audience to internalize a new experience, absorb knowledge and gain understanding through drama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 United Marketing Group

Schaumburg, Illinois, United States

United Marketing Group LLC is a direct marketer of affinity merchandise offers and membership-based services. UMG provides s marketing, creative and operational capabilities, and brings superior value to its commercial clients by combining this specialized expertise with customer databases to develop and execute custom-designed, seamless programs. United Marketing Group is based in Schaumburg, Illinois.

Sell -
Mergr

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