Investment Summary

Castanea Partners Invests In Simms Fishing Products

On July 5, 2017, private equity firm Castanea Partners invested in consumer products company Simms Fishing Products

Investment Highlights
  • This is Castanea Partners’ 10th transaction in the Consumer Products sector.
  • This is Castanea Partners’ 27th transaction in the United States.
  • This is Castanea Partners’ 1st transaction in Montana.
Investment Fate
  • Simms Fishing Products was sold to a publicly-traded strategic buyer in 2022 for 193M USD.

Investment Summary

Date 2017-07-05
Target Simms Fishing Products
Sector Consumer Products
Investor(s) Castanea Partners
Deal Type Growth Capital
Advisor(s) BKD (Financial)

Target

Simms Fishing Products

Bozeman, Montana, United States
Simms Fishing Products offers a comprehensive line of high-performance fishing apparel, footwear, and gear. Its premium fishing waders are produced domestically at Simms’ manufacturing facility in Bozeman. The company’s products, used by over 6,000 Simms-sponsored fishing professionals globally, are distributed through specialty retail stores both domestically and internationally. Simms Fishing Products was founded in 1980 and is based in Montana.

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Investor(S) 1

Investor

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 27 of 30
Sector: Consumer Products M&A 10 of 11
Type: Growth Capital M&A Deals 13 of 16
State: Montana M&A 1 of 1
Country: United States M&A 27 of 29
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Bruery

Placentia, California, United States

Bruery is a producer of premium specialty craft beers. The company specializes in barrel-aged and sour beers and creates complex flavors from simple ingredients. Bruery was founded in 2008 and is based in Placentia, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 Tatcha

San Francisco, California, United States

Tatcha LLC is a luxury skincare brand with a collection of products inspired by timeless Japanese beauty rituals. Tatcha offers a line of serums, moisturizers, mists, exfoliants, and cleansers. Tatcha LLC was founded in 2009 and is based in San Francisco, California.

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