M&A Deal Summary

CIRCA Acquires Portero

On March 13, 2014, CIRCA acquired e-commerce company Portero from LFE Capital

Acquisition Highlights
  • This is CIRCA’s 1st transaction in the E-Commerce sector.
  • This is CIRCA’s 1st transaction in the United States.
  • This is CIRCA’s 1st transaction in New York.

M&A Deal Summary

Date 2014-03-13
Target Portero
Sector E-Commerce
Buyer(s) CIRCA
Sellers(s) LFE Capital
Deal Type Add-on Acquisition

Target

Portero

New York, New York, United States
Portero operates an online marketplace for preowned, authenticated luxury goods. The site offers the world’s most exclusive brand names in watches, jewelry, and accessories. Portero has developed strategic and product sourcing relationships with over 140 retailers, manufacturers and dealers.

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Buyer(S) 1

Buyer

CIRCA

New York, New York, United States

Category Company
Founded 1998
Sector Consumer Products
DESCRIPTION

CIRCA is a buyer of fine jewelry from the public and the trade. With offices throughout the US, Asia and Europe, CIRCA provides the first truly liquid marketplace for fine jewelry, diamonds and watches of all types. CIRCA is the only luxury brand on the buy side of the jewelry business, providing a premium service to clients – discrete, reliable, and dedicated to the client’s best interest. CIRCA is headquartered in New York City with offices in Chicago, Palm Beach, San Francisco, Washington DC, Barcelona, and Hong Kong, and is poised for rapid expansion into the major markets of the world.


DEAL STATS #
Overall 1 of 1
Sector: E-Commerce M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

LFE Capital is a private equity firm that provides junior and buyout capital to middle-market companies located in the upper Midwest US. Sectors of interest include consumer products and services, health related products and services, and business services. LFE prefers established or emerging businesses with at least $2 million of annual revenue and $1 million of cash-flow. LFE has a special interest in businesses that are owned or led by women and businesses that target female consumers. The Firm will consider both control and minority positions. LFE Capital was formed in 1999 and is based in Naples, Florida.


DEAL STATS #
Overall 6 of 9
Sector: E-Commerce M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 7
State: New York M&A 1 of 1
Country: United States M&A 6 of 9
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 FoodChain ID

Fairfield, Iowa, United States

FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Coolibar

Minneapolis, Minnesota, United States

Coolibar, Inc. is a designer and manufacturer of premium sun-protective clothing and accessories. The Company offers apparel for the entire family, focused on fitness, leisure, swimwear and accessories, that provide UPF 50+ protection from ultraviolet rays and is the first clothing company to earn The Skin Cancer Foundation's Seal of Recommendation.

Sell -