M&A Deal Summary |
|
|---|---|
| Date | 2006-09-29 |
| Target | Things Remembered |
| Sector | Consumer Products |
| Buyer(s) |
BRS
Gordon Brothers Finance |
| Sellers(s) | Luxottica Group |
| Deal Type | Divestiture |
| Deal Value | 200M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 1.2B USD |
| Size | Large |
| Type | Sector Agnostic |
BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 47 |
| Sector (Consumer Products) | 2 of 8 |
| Type (Divestiture) | 5 of 7 |
| State (Ohio) | 3 of 4 |
| Country (United States) | 26 of 42 |
| Year (2006) | 2 of 3 |
| Size (of disclosed) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-28 |
Penhall
Irving, Texas, United States Penhall is a national provider of concrete cutting, breaking and excavation and highway grinding services in the United States with the first or second market position in the majority of its served markets. Penhall has 37 branch locations in 17 states, over 800 skilled employees and an equipment fleet of 750 revenue producing units. Penhall provides a broad range of concrete- and asphalt-related services that generally are part of much larger construction projects in the non-residential building construction and infrastructure markets. Penhall was founded in 1957 and is based in Irving, Texas. |
Sell | $240M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-01 |
Logan s Roadhouse
Nashville, Tennessee, United States Logan’s Roadhouse is a casual dining steakhouse headquartered in Nashville, TN. Offering mesquite wood-fire grilled steaks, signature yeast rolls and American-inspired signature favorites for over 25 years, Logan’s has 204 corporate and franchise restaurants in 22 states. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 1903 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
GB Merchant Partners (GB) is the private investment arm of the Gordon Brothers Group. GB looks to make traditional private equity investments as well as provide structured loans and acquire secondary debt instruments. Within private equity, GB seeks investments in all segments of the consumer products and services sectors, including retail, distribution, wholesale, licensing and manufacturing. Target companies 'usually have meaningful brand equity, or a product or service that is capable of creating a leading and defensible market position'. Prospective transactions include management buyouts, growth capital financings, as well as restructurings or turnarounds. GB is based in Boston with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 21 |
| Sector (Consumer Products) | 2 of 2 |
| Type (Divestiture) | 2 of 4 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 7 of 13 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-03-17 |
Toys R Us
Wayne, New Jersey, United States Toys “R” Us is a specialty toy and juvenile products retailer, selling merchandise globally through more than 1,600 stores in over 34 countries, and through the company’s websites. Toys 'R' Us was established in 1948 and is headquartered in Wayne, New Jersey. |
Buy | $6.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-12 |
Red Apple Stores
Mississauga, Ontario, Canada Red Apple Stores operates 140 extreme value stores throughout Canada (excluding Quebec) which serve middle-income consumers in rural secondary and tertiary markets and select urban markets. Red Apple Stores is based in Mississauga, Ontario. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1961 |
| Sector | Consumer Products |
| Employees | 79,000 |
| Revenue | 8.8B EUR (2015) |
Luxottica is a global producer, distributor, and retailer of sun and prescription eyewear. Luxottica Group S.p.A. was formed in 1961 and is based in Milan, Italy.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Consumer Products) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-01 |
Cole National
Mason, Ohio, United States Cole National Corporation's vision business, together with Pearle franchisees, has 2,197 locations in the U.S., Canada, Puerto Rico and the Virgin Islands and includes Cole Managed Vision, one of the largest managed vision care benefit providers with multiple provider panels and nearly 20,000 practitioners. Cole's personalized gift business, Things Remembered, serves customers through 728 locations nationwide, catalogs, and the Internet at www.thingsremembered.com. Cole also has a 21% interest in Pearle Europe, which has 1,480 optical stores in Austria, Belgium, Denmark, Estonia, Finland, Germany, Italy, Kuwait, Norway, the Netherlands, Poland, Portugal, Russia and Sweden. |
Buy | $401M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-21 |
Oakley
Foothill Ranch, California, United States Oakley is a global leader in sport performance optics including premium sunglasses, goggles, and prescription eyewear. Headquartered in Southern California, the company's optics brand portfolio includes Dragon, Eye Safety Systems, Fox Racing, Mosley Tribes, Oliver Peoples, and Paul Smith Spectacles. In addition to its global wholesale business, the company operates retail chains including Bright Eyes, Oakley Stores, Sunglass Icon and The Optical Shop of Aspen. |
Buy | $2.1B |
