M&A Deal Summary

Berkshire Partners Acquires Implus

On April 30, 2015, private equity firm Berkshire Partners acquired apparel/textiles company Implus from Trilantic North America

Acquisition Highlights
  • This is Berkshire Partners’ 4th transaction in the Apparel/Textiles sector.
  • This is Berkshire Partners’ 58th transaction in the United States.
  • This is Berkshire Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2015-04-30
Target Implus
Sector Apparel/Textiles
Buyer(s) Berkshire Partners
Sellers(s) Trilantic North America
Deal Type Secondary Buyout

Target

Implus

Durham, North Carolina, United States
Implus designs, markets and distributes insoles, foot care devices, traction devices, socks, shoe care products and shoe laces under four primary brand names (Sof Sole, AirPlus, Sof Comfort, Yaktrax and Sneakerballs) and several private-label brands. Implus was founded in 1988 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 66 of 101
Sector (Apparel/Textiles) 4 of 4
Type (Secondary Buyout) 9 of 21
State (North Carolina) 3 of 4
Country (United States) 58 of 89
Year (2015) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-23 Rockport

Canton, Massachusetts, United States

Rockport is a designer and marketer of high-quality comfort footwear for men and women. Rockport was founded in 1971 and is based in Canton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 The Telx Group

New York City, New York, United States

The Telx Group, Inc. is a data center solution provider fueling infrastructure, interconnection and business progress.

Sell $1.9B

Seller(S) 1

SELLER

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.

DEAL STATS #
Overall 12 of 23
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 4 of 6
State (North Carolina) 1 of 1
Country (United States) 12 of 22
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Highgate

New York, New York, United States

Highgate is a premier operator of hotels. Highgate manages approximately 60 hotel properties and has a significant presence as an operator of full-service hotels in several major markets including Honolulu, Miami, San Francisco and Boston and is the largest operator of hotels in New York City. Headquartered in New York City, Highgate has additional offices in Dallas, Seattle and London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 TRP Energy

Houston, Texas, United States

TRP Energy is an oil and gas company focused on investing in upstream assets that offer attractive risk-adjusted returns across premier US basins. The company's multidisciplinary team employs several strategies, from outright operated asset acquisitions to partnering with deep industry relationships, to source attractive opportunities. TRP Energy was founded in 2015 and is based in Houston, Texas.

Buy -
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