M&A Deal Summary

Alpine Investors and Stephens Capital Partners Acquire CarHop

On January 1, 2007, private equity firms Alpine Investors and Stephens Capital Partners acquired financial services company CarHop

Acquisition Highlights
  • This is Alpine Investors’ 1st and Stephens Capital Partners’ 2nd transaction in the Financial Services sector.
  • This is Alpine Investors’ 5th and Stephens Capital Partners’ 15th transaction in the United States.
  • This is Alpine Investors’ 1st and Stephens Capital Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2007-01-01
Target CarHop
Sector Financial Services
Buyer(s) Alpine Investors
Stephens Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

CarHop

Crystal, Minnesota, United States
CarHop helps thousands of customers with bad or no credit purchase a vehicle they need. The company operates buy-here, pay-here automobile retail locations in 13 states nationwide. Carhop Corporate Services was founded in 1996 and is based in Crystal, Minnesota.

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Buyer(S) 2

Buyer

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 5 of 45
Sector (Financial Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 19
State (Minnesota) 1 of 2
Country (United States) 5 of 45
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-30 New Vitality

Hauppauge, New York, United States

New Vitality markets, sells and distributes their own brands of vitamins, nutritional supplements, and similar products via radio, television, catalogues and the Internet. New Vitality was founded in 1993 and is based in Hauppauge, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 FFO Home

Fort Smith, Arkansas, United States

Furniture Factory Outlet (FFO Home) is a furniture retailer that provided the lowest prices to our customers day-in-and-day-out. The company operates 36 retail stores in Arkansas, Missouri, Oklahoma, and Kansas. FFO Home also manufactures bedding under the Comfort Coil and Natural Elements brands. The retailer offers superior value products priced below the competition and distinguishes itself by eschewing the showroom distribution model and allowing consumers to purchase products immediately from on-site inventory. FFO Home was founded in 1984 and is headquartered in Fort Smith, Arkansas.

Buy -
Buyer
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.


DEAL STATS #
Overall 16 of 77
Sector (Financial Services) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 13 of 52
State (Minnesota) 1 of 1
Country (United States) 15 of 71
Year (2007) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Custom LeatherCraft Manufacturing

South Gate, California, United States

Custom LeatherCraft Manufacturing is a provider of tool belts, knee pads, tool carriers, gloves, and other work accessories. Custom LeatherCraft Manufacturing was established in 1983 and is based in South Gate, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-29 Product Quest Manufacturing

Daytona Beach, Florida, United States

Product Quest Manufacturing LLC provides skin and personal care products for the over-the-counter market. Product Quest Manufacturing filed for bankruptcy in 2018.

Buy -