M&A Deal Summary

Tengram Capital Partners and Hilco Consumer Capital Acquire Ellen Tracy

On January 1, 2008, private equity firms Tengram Capital Partners and Hilco Consumer Capital acquired apparel/textiles company Ellen Tracy

Acquisition Highlights
  • This is Tengram Capital Partners’ 2nd and Hilco Consumer Capital’s 3rd transaction in the Apparel/Textiles sector.
  • This is Tengram Capital Partners’ 3rd and Hilco Consumer Capital’s 6th transaction in the United States.
  • This is Tengram Capital Partners’ 2nd and Hilco Consumer Capital’s 2nd transaction in New York.
Investment Fate
  • Ellen Tracy was sold to a publicly-traded strategic buyer in 2013.

M&A Deal Summary
Date 2008-01-01
Target Ellen Tracy
Sector Apparel/Textiles
Buyer(s) Tengram Capital Partners
Hilco Consumer Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Ellen Tracy

New York, New York, United States
Ellen Tracy is a premium fashion brand and was one of the largest traditional brands in the Bridge wholesale segment of the women’s apparel industry.

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Buyer(S) 2

Buyer

Tengram Capital Partners

Westport, Connecticut, United States
Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Tengram Capital Partners LLC is a private equity firm focused on retail and branded consumer products. Tengram targets small-cap growth companies as well as restructuring opportunities with stable cash-flows. Specific areas of interest include apparel, sporting goods, consumer electronics, home furnishings, health and beauty, spirits, and food and beverage. Tengram is based in Westport, Connecticut.

DEAL STATS #
Overall 3 of 24
Sector (Apparel/Textiles) 2 of 9
Type (Buyout (LBO, MBO, MBI)) 2 of 10
State (New York) 2 of 13
Country (United States) 3 of 23
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-07 Caribbean Joe Island Supply

New York, New York, United States

Caribbean Joe Island Supply Co. is a brand for casual apparel in the women’s, men’s and children’s markets. Company sells under a number of trade names, including Caribbean Joe, Havana Jack Café, Jamaica Bay and Periscope.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-03 The Sharper Image

Walnut Creek, California, United States

The Sharper Image is best known for its original products offered across the lifestyle, gift, gadget, electronics, wellness, fitness and travel categories. Sharper Image products are sold through a variety of channels, including at department and specialty stores and direct to consumer through the Sharper Image catalog and e-commerce website. The Sharper Image was formed in 1977 and is based in Walnut Creek, California.

Buy -
Buyer

Hilco Consumer Capital

Northbrook, Illinois, United States

Investor Investor

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

Hilco Consumer Capital is a private equity firm that makes investments in North American consumer product retailers, wholesalers, manufacturers and intellectual property. Hilco specifically targets businesses with strong consumer brands. The Firm prefers control investments and typically commits $25 to $100 million of equity per transaction. Hilco Consumer Capital was formed in 2006 and has offices in Toronto and Northbrook, Illinois.

DEAL STATS #
Overall 7 of 14
Sector (Apparel/Textiles) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (New York) 2 of 2
Country (United States) 6 of 13
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Bob Marley

Jamaica

Bob Marl is a global legend with a legacy of music that has captured audiences worldwide. Marley’s evocative messages remain timeless, universal, and continue to appeal to music fans, both young and old.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-03 The Sharper Image

Walnut Creek, California, United States

The Sharper Image is best known for its original products offered across the lifestyle, gift, gadget, electronics, wellness, fitness and travel categories. Sharper Image products are sold through a variety of channels, including at department and specialty stores and direct to consumer through the Sharper Image catalog and e-commerce website. The Sharper Image was formed in 1977 and is based in Walnut Creek, California.

Buy -
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