M&A Deal Summary

Carter’s Acquires Skip Hop

On February 23, 2017, Carter’s acquired manufacturer Skip Hop from Growcore Investments for 140M USD

Acquisition Highlights
  • This is Carter’s’ 1st transaction in the Manufacturing sector.
  • This is Carter’s’ largest (disclosed) transaction.
  • This is Carter’s’ 1st transaction in the United States.
  • This is Carter’s’ 1st transaction in New York.

M&A Deal Summary
Date 2017-02-23
Target Skip Hop
Sector Manufacturing
Buyer(s) Carter’s
Sellers(s) Growcore Investments
Deal Type Add-on Acquisition
Deal Value 140M USD
Advisor(s) Harris Williams (Financial)
McDermott Will & Emery (Legal)

Target

Skip Hop

New York, New York, United States
Skip Hop Inc. is a designer of an innovative products for moms and dads. The company understands the challenges faced by today’s parents as they are adjusting to their new lives. They study how families use existing parenting products, and armed with this knowledge, create smarter, more innovative solutions that combine advanced functionality and modern design. The result is a variety of exciting essentials that make day-to-day living easier (and better!) for today’s moms and dads.

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Buyer(S) 1

Buyer

Carter’s

Atlanta, Georgia, United States
Category Company
Founded 1865
Sector Apparel/Textiles
Employees15,230
Revenue 2.9B USD (2023)
DESCRIPTION

Carter’s is a brand of children’s clothing. Trusted by generations of families for making life easier, Carter’s creates a full range of cute, quality baby and children’s clothing, gifts, and accessories that have provided solutions for real life. Carter’s was incorporated in 1865 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-22 Bonnie Togs Children s Wear

Cambridge, Ontario, Canada

Bonnie Togs, is a provider of children's apparel retailer focused exclusively on the children's apparel and accessories marketplace.

Buy $98M

Seller(S) 1

SELLER

Growcore Investments

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Growcore Investments is a private equity firm that invests in growth-oriented consumer products and services companies primarily located in the US. Growcore Investments focuses on companies with strong market positions, experienced management, and unique/differentiated products. The Firm targets companies operating in the fields of Active Sports & Footwear, Consumer Products/ Soft Lines, Apparel & Accessories, Food & Beverage, and Retail / Restaurants. Growcore Investments was formed in 2008 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 4 of 7
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (New York) 1 of 1
Country (United States) 4 of 7
Year (2017) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Surfside Coffee

Miami, Florida, United States

Surfside Coffee is a Dunkin’ Donuts franchise network delivering an outstanding experience to its guest and superior financial returns to its partners. Surfside Coffee was founded in 2014 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 Dunn s River Brands

Frisco, Texas, United States

Dunn’s River Brands holding company of beverage brands focused on tea and functional wellness. Dunn's River Brands was founded in 2016 and is based in Frisco, Texas.

Buy -
Mergr

Product

Company

Legal