Investment Summary

CCMP Capital and Weston Presidio Exits Guitar Center

On March 14, 1997, invested in retailer Guitar Center from CCMP Capital and Weston Presidio

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Guitar Center was sold to a financial buyer in 2007 for 2.1B USD.
  • Guitar Center went bankrupt in 2020.
  • Guitar Center was sold to a consortium of financial buyers in 2020.

Investment Summary

Date 1997-03-14
Target Guitar Center
Sector Retail
Sellers(s) CCMP Capital
Weston Presidio
Deal Type IPO

Target

Guitar Center

Westlake Village, California, United States
Guitar Center is a retailer of guitars, amplifiers, percussion instruments, keyboards and pro-audio and recording equipment. Guitar Center was formed in 1959 and is headquartered in Westlake Village, California.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Seller(S) 2

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor 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 STATS #
Overall 1 of 79
Sector: Retail M&A 1 of 5
Type: IPO M&A Deals 1 of 19
State: California M&A 1 of 6
Country: United States M&A 1 of 62
Year: 1997 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Triton Cellular Partners

Albany, Oregon, United States

Triton Cellular Partners LP is an investment vehicle for the acquisition of rural cellular telephony properties in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-12 Harris Chemical Group

Overland Park, Kansas, United States

Harris Chemical Group was a diversified chemical manufacturing company with production facilities in the United States, Canada, and Europe. The company was acquired by IMC Corporation in 1997.

Sell $450M
SELLER

Weston Presidio

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 52
Sector: Retail M&A 1 of 3
Type: IPO M&A Deals 2 of 7
State: California M&A 1 of 16
Country: United States M&A 3 of 49
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 DTS

Calabasas, California, United States

DTS, Inc. is a provider of sound solutions for mobile devices, home theater systems, cinema, and automotive. DTS provides incredibly high-quality, immersive and engaging audio experiences to listeners everywhere.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-25 MaQuest

Denver, Colorado, United States

MapQuest.com is an online supplier of mapping and destination information. The Company brings over 30 years of mapping experience together with proprietary systems for integrating and editing of geographic databases to provide comprehensive online mapping solutions for businesses and consumers.

Sell -