Buyout (LBO, MBO, MBI) • Apparel/Textiles

CCMP Capital Acquires Founder Sport Group

On August 23, 2016, private equity firm CCMP Capital acquired apparel/textiles company Founder Sport Group

Acquisition Context

This is CCMP Capital’s 3rd transaction in the Apparel/Textiles sector.
This is CCMP Capital’s 71st transaction in the United States.
This is CCMP Capital’s 1st transaction in North Carolina.

Investment Fate

Founder Sport Group merged with another company in 2024.

Explore All 508 Buyout (LBO, MBO, MBI) Apparel/Textiles Deals - Search the Database Free

M&A Deal Summary
Date	August 23, 2016
Target	Founder Sport Group
Sector	Apparel/Textiles
Buyer(s)	CCMP Capital
Deal Type	Buyout (LBO, MBO, MBI)
Advisor(s)	Baird (Financial) McGuireWoods (Legal)

Target Company

Founder Sport Group

Statesville, North Carolina, United States

Founder Sport Group is a provider of team uniforms and performance athletic wear, including performance t-shirts, fleeces, shorts, pants and outerwear, worn by youth and adult athletes, team fans and supporters, and corporate employees, among other individuals. Founder Sport Group was founded in 1971 and is based in Statesville, North Carolina.

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Buyer Overview 1

Buyer

CCMP Capital

New York, New York, United States

Investor Investor

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

DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.

Deal Context for Buyer	#
Overall	92 of 97
Sector: Apparel/Textiles	3 of 3
Type: Buyout (LBO, MBO, MBI)	48 of 49
State: North Carolina	1 of 2
Country: United States	71 of 75
Year: 2016	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-01-27	The Tennis Channel Santa Monica, California, United States The Tennis Channel, Inc. is a hybrid of comprehensive sports, health, fitness, pop culture, entertainment and travel programming, home to every aspect of the wide-ranging, worldwide tennis community.	Sell	$350M

DATE

TARGET

DEAL TYPE

VALUE

2016-01-27

The Tennis Channel

Santa Monica, California, United States

The Tennis Channel, Inc. is a hybrid of comprehensive sports, health, fitness, pop culture, entertainment and travel programming, home to every aspect of the wide-ranging, worldwide tennis community.

Sell

$350M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-09-16	Noble Environmental Power Essex, Connecticut, United States Noble Environmental Power is a platform company focused on developing wind-powered renewable electric generating projects.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2016-09-16

Noble Environmental Power

Essex, Connecticut, United States

Noble Environmental Power is a platform company focused on developing wind-powered renewable electric generating projects.