Investment Summary

ACON Investments Invests In New Era Cap

On January 1, 2021, private equity firm ACON Investments invested in apparel/textiles company New Era Cap

Investment Highlights
  • This is ACON Investments’ 1st transaction in the Apparel/Textiles sector.
  • This is ACON Investments’ 38th transaction in the United States.
  • This is ACON Investments’ 3rd transaction in New York.

Investment Summary
Date 2021-01-01
Target New Era Cap
Sector Apparel/Textiles
Investor(s) ACON Investments
Deal Type Growth Capital

Target

New Era Cap

Buffalo, New York, United States
New Era Cap is a global headwear and apparel designer. New Era Cap was founded in 1920 and is based in Buffalo, New York.

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Investor(S) 1

Investor

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 60 of 71
Sector (Apparel/Textiles) 1 of 1
Type (Growth Capital) 20 of 22
State (New York) 3 of 4
Country (United States) 38 of 42
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Novipax

Oak Brook, Illinois, United States

Novipax is a producer of absorbent pads and among the top manufacturers of expanded polystyrene (EPS) foam trays in the United States. Novipax operates five manufacturing facilities serving food processors, supermarkets, and food packaging distributors. Its facilities are located in Indianapolis, Indiana; Paxinos and Reading, Pennsylvania; Rockingham, North Carolina; and Grenada, Mississippi. Novipax was formed in 2015 and is based in Oak Brook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Diverzify

Atlanta, Georgia, United States

Diverzify is a commercial flooring installation and related facility services provider with a national reach, servicing 49 states from the Company’s sixteen facilities. The Company serves a diverse array of customers in attractive end markets, including healthcare, education, multi-family, industrial, and government. Diverzify is based in Atlanta, Georgia.

Buy -
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