M&A Deal Summary

Authentic Brands Group Acquires Spyder Active Sports

On August 16, 2013, Authentic Brands Group acquired apparel/textiles company Spyder Active Sports from NMP Capital, Apax and KarpReilly

Acquisition Highlights
  • This is Authentic Brands Group’s 2nd transaction in the Apparel/Textiles sector.
  • This is Authentic Brands Group’s 4th transaction in the United States.
  • This is Authentic Brands Group’s 1st transaction in Colorado.

M&A Deal Summary
Date 2013-08-16
Target Spyder Active Sports
Sector Apparel/Textiles
Buyer(s) Authentic Brands Group
Sellers(s) NMP Capital
Apax
KarpReilly
Deal Type Add-on Acquisition
Advisor(s) Blackstone Advisory Partners (Financial)

Target

Spyder Active Sports

Boulder, Colorado, United States
Spyder Active Sports designs and markets the most recognized and respected brand of high-performance, technically-oriented skiwear in the world.

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Buyer(S) 1

Buyer

Authentic Brands Group

New York, New York, United States
Category Company
Sector Consumer Products
DESCRIPTION

Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York City.

DEAL STATS #
Overall 4 of 29
Sector (Apparel/Textiles) 2 of 18
Type (Add-on Acquisition) 3 of 11
State (Colorado) 1 of 2
Country (United States) 4 of 24
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-16 Prince Sports

Atlanta, Georgia, United States

Prince Sports, Inc. is the premiere brand in racquet sports, having pioneered such revolutionary designs as the "oversized" and "longbody" racquets for tennis. The success of Prince in tennis has grown over the years to include a full range of products targeting all major racquet sports including, squash, racquetball and badminton.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 Muhammad Ali Enterprises

New York, New York, United States

Muhammad Ali Enterprises LLC is involved in a global licensing program, merchandising, television, film, video and internet projects.

Buy -

Seller(S) 3

SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 25 of 53
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 11 of 26
State (Colorado) 1 of 1
Country (United States) 24 of 51
Year (2013) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-25 OTC Industrial Technologies

Columbus, Ohio, United States

OTC Industrial Technologies is an industrial equipment service provider and distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. OTC Industrial Technologies was founded in 1963 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-14 Longwood Elastomers

Greensboro, North Carolina, United States

Longwood Industries, uses specialized knowledge and technological expertise to design and manufacture a variety of rubber, plastic and specialty products used in the automotive, railroad, food processors and marine industry sectors. Longwood’s quality-driven approach provides unmatched value to its customers along with cost-competitive solutions and dependable delivery.

Sell -
SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 87 of 171
Sector (Apparel/Textiles) 2 of 3
Type (Add-on Acquisition) 34 of 59
State (Colorado) 1 of 3
Country (United States) 31 of 63
Year (2013) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 HUB International

Chicago, Illinois, United States

HUB International is a global insurance brokerage providing a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada and Brazil. HUB International was formed in 1998 and is based in Chicago, Illinois.

Sell $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Astex Pharmaceuticals

Dublin, California, United States

Astex Pharmaceuticals, Inc. is a provider of drug discovery, development and commercialization, committed to the fight against cancer and other life threatening diseases.

Sell $886M
SELLER

KarpReilly

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2007
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KarpReilly is a private equity firm focused on partnering with small to mid-size growth companies across a broad range of industries. The Firm looks to commit $10 to $25 million of equity capital per investment. Sectors of interest include building materials, business services, consumer brands, healthcare services, retail, and restaurants. KarpReilly will consider both minority or majority investment positions in transactions that include growth financings, management buyouts, acquisition financings, and recapitalizations. KarpReilly was formed in 2007 and is headquartered in Greenwich, Connecticut.

DEAL STATS #
Overall 6 of 14
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Colorado) 1 of 1
Country (United States) 6 of 13
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-22 Miller s Ale House

Orlando, Florida, United States

Miller's Ale House is a full service restaurant provider of top‐quality food at a great value in a casual neighborhood tavern atmosphere. Miller's Ale House was founded in 1988 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Norcraft Companies

Eagan, Minnesota, United States

Norcraft Companies, Inc. is a manufacturer of kitchen and bathroom cabinetry in the United States and Canada. Norcraft provides its customers with a single source for a broad range of high-quality cabinetry, including stock and semi-custom cabinets manufactured in both framed and frameless (full access) construction. Norcraft was formed in 1966 and is based in Eagan, Minnesota.

Sell -
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