M&A Deal Summary

CID Capital and ORIX Private Equity Solutions Acquire Giftcraft

On January 22, 2019, private equity firm CID Capital and mezzanine finance firm ORIX Private Equity Solutions acquired consumer products company Giftcraft

Acquisition Highlights
  • This is CID Capital’s 8th and ORIX Private Equity Solutions’ 1st transaction in the Consumer Products sector.
  • This is CID Capital’s 1st and ORIX Private Equity Solutions’ 2nd transaction in Canada.
  • This is CID Capital’s 1st and ORIX Private Equity Solutions’ 1st transaction in Ontario.

M&A Deal Summary

Date 2019-01-22
Target Giftcraft
Sector Consumer Products
Buyer(s) CID Capital
ORIX Private Equity Solutions
Deal Type Recapitalization
Advisor(s) Piper Sandler & Co. (Financial)

Target

Giftcraft

Brampton, Ontario, Canada
Giftcraft engages in design, manufacturing, and distribution of Lifestyle, Fashion, Decor, Giftware, Health, Wellness, and Gourmet products. Giftcraft has been synonymous with quality, trendsetting designs, and best-in-class sales and service across North America. Giftcraft is based in Brampton, Ontario.

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Buyer(S) 2

Buyer

CID Capital

Carmel, Indiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 22 of 32
Sector: Consumer Products M&A 8 of 8
Type: Recapitalization M&A Deals 10 of 13
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 ProSource

Greenville, South Carolina, United States

ProSource is a wholesale distributor of plumbing supplies luxury plumbing fixtures, electrical, lighting, cabinet, and door hardware. ProSource was founded in 1996 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Extra Mile Brands

Reedsville, Pennsylvania, United States

Extra Mile Brands is a manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. Extra Mile Brands is based in Reedsville, Pennsylvania.

Buy -
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.


DEAL STATS #
Overall 24 of 27
Sector: Consumer Products M&A 1 of 1
Type: Recapitalization M&A Deals 4 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-17 NSC Minerals

Saskatoon, Saskatchewan, Canada

NSC Minerals, Inc. is a provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments. NSC Minerals was founded in 1988 and is based in Saskatoon, Saskatchewan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Perennials and Sutherland

Dallas, Texas, United States

Perennials and Sutherland is a designer and manufacturer of 100 percent solution-dyed acrylic performance fabric for indoor and outdoor use and luxury outdoor furniture serving a wide range of residential and commercial customers. Perennials and Sutherland was founded in 1977 and is based in Dallas, Texas.

Sell -