Investment Summary

Berkshire Partners and New Balance Exits Rockport

On May 14, 2018, invested in apparel/textiles company Rockport from Berkshire Partners and New Balance

Investment Highlights
  • This is transaction in the Apparel/Textiles sector.
  • This is transaction in the United States.
  • This is transaction in Massachusetts.
Investment Fate
  • Rockport was sold to a financial buyer in 2018 for 150M USD.
  • Rockport went bankrupt in 2023.
  • Rockport was sold to a strategic buyer in 2023.

Investment Summary

Date 2018-05-14
Target Rockport
Sector Apparel/Textiles
Sellers(s) Berkshire Partners
New Balance
Deal Type Bankruptcy

Target

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.

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Seller(S) 2

SELLER

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 52 of 61
Sector: Apparel/Textiles M&A 4 of 4
Type: Bankruptcy M&A Deals 2 of 3
State: Massachusetts M&A 8 of 8
Country: United States M&A 45 of 52
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 SRS Distribution

McKinney, Texas, United States

SRS Distribution is a distributor of residential roofing materials and supplies in the U.S. SRS has over 160 branches in more than 40 states serving a diverse group of roofing contractors, home builders, and retailers. SRS Distribution was founded in 2008 and is based in McKinney, Texas.

Sell $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Vapor IO

Austin, Texas, United States

Vapor IO is an early-stage micro data center business focused on mobile edge computing (MEC). The company builds and operates small data centers at wireless aggregation hubs, providing customers with edge colocation and interconnection services that are directly integrated with wireless infrastructure. Vapor IO’s unique combination of leading hardware and software is optimized to serve next-generation applications for carrier, cloud and enterprise customers at the edge of the network. Vapor IO is based in Austin, Texas.

Buy -
SELLER

New Balance

Boston, Massachusetts, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

New Balance is the only major company to make or assemble more than 4 million pairs of athletic footwear per year in the USA.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-30 Gartner Sports S.R.L.

Bolzano, Italy

Gartner Sports S.R.L. is a sportswear manufacturer. Gartner Sports offers a range of shoes for different sports. Gartner Sports S.R.L. is based in Bolzano, Italy.

Buy -