M&A Deal Summary

Charming Shoppes Acquires Crosstown Traders

On June 2, 2005, Charming Shoppes acquired apparel/textiles company Crosstown Traders from CCMP Capital for 218M USD

Acquisition Highlights
  • This is Charming Shoppes’ 1st transaction in the Apparel/Textiles sector.
  • This is Charming Shoppes’ largest (disclosed) transaction.
  • This is Charming Shoppes’ 1st transaction in the United States.
  • This is Charming Shoppes’ 1st transaction in Arizona.
Investment Fate
  • Crosstown Traders was sold to a strategic buyer in 2012.

M&A Deal Summary

Date 2005-06-02
Target Crosstown Traders
Sector Apparel/Textiles
Buyer(s) Charming Shoppes
Sellers(s) CCMP Capital
Deal Type Add-on Acquisition
Deal Value 218M USD

Target

Crosstown Traders

Tuscon, Arizona, United States
Crosstown Traders, a leading direct marketer of women's apparel, footwear, accessorries and specialty gifts, was acquired by Charming Shoppes in June 2005, and then by Orchard Brands in 2008.

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Buyer(S) 1

Buyer

Charming Shoppes

Bensalem, Pennsylvania, United States

Category Company
Sector Retail
DESCRIPTION

Charming Shoppes, Inc. is an apparel retailer specializing in women's plus-size apparel. Charming Shoppes operates retail stores in 48 states under the names LANE BRYANT®, CACIQUE®, LANE BRYANT OUTLET®, FASHION BUG®, FASHION BUG PLUS® and CATHERINES PLUS SIZES®. The company also operates the Figi's family of brands, including the holiday food and gifts catalog Figi's® Gifts in Good Taste®, the home and gifts catalog Figi's® Gallery and its wholesale unit Figi's Business Services.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-12 Crosstown Traders

Tuscon, Arizona, United States

Crosstown Traders, a leading direct marketer of women's apparel, footwear, accessorries and specialty gifts, was acquired by Charming Shoppes in June 2005, and then by Orchard Brands in 2008.

Sell -

Seller(S) 1

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B 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 20 of 78
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 5 of 22
State (Arizona) 1 of 1
Country (United States) 18 of 61
Year (2005) 3 of 6
Size (of disclosed) 27 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-26 Hanley Wood

Washington, District of Columbia, United States

Hanley Wood is a media and information company serving the housing and commercial design and construction industries. Hanley Wood provides magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions. Hanley Wood was founded in 1976 and is based in Washington. District of Columbia.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 Olympus Media Group

Winter Park, Florida, United States

Olympus Media Group LLC is a full service outdoor advertising company.

Sell -