M&A Deal Summary

Clearlake Capital and FirePine Group Acquire Ashley Stewart

On April 23, 2014, private equity firm Clearlake Capital and distressed investor FirePine Group acquired apparel/textiles company Ashley Stewart

Acquisition Highlights
  • This is Clearlake Capital’s 1st and FirePine Group’s 1st transaction in the Apparel/Textiles sector.
  • This is Clearlake Capital’s 18th and FirePine Group’s 1st transaction in the United States.
  • This is Clearlake Capital’s 3rd and FirePine Group’s 1st transaction in New Jersey.
Investment Fate
  • Ashley Stewart was sold to a consortium of financial buyers in 2016.
  • Ashley Stewart was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2014-04-23
Target Ashley Stewart
Sector Apparel/Textiles
Buyer(s) Clearlake Capital
FirePine Group
Deal Type Special Situations/Distressed

Target

Ashley Stewart

Secaucus, New Jersey, United States
Ashley Stewart is a global lifestyle brand for plus size women’s fashion. Ashley Stewart offers on-trend clothing and accessories through 89 retail stores across the country, a leading social media platform and a rapidly growing e-commerce platform. Ashley Stewart was founded in 1991 and is based in Secaucus, New Jersey.

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Buyer(S) 2

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 20 of 93
Sector: Apparel/Textiles M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 2
State: New Jersey M&A 3 of 6
Country: United States M&A 18 of 88
Year: 2014 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 PrimeSport

Atlanta, Georgia, United States

PrimeSport, Inc. is a provider of direct access to the biggest sporting events on the planet, offering tickets, travel, hospitality, and VIP experiences for corporations, professional sports teams and fans. PrimeSport was founded in 2010 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 C1

Bloomington, Minnesota, United States

C1 is a provider of business communications solutions. The Company serves as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation and maintenance of communication solutions. C1 was formed in 1993 and is headquartered in Bloomington, Minnesota.

Buy -
DESCRIPTION

FirePine Group is a special situations private equity firm focused on the retail and consumer sectors. FirePine Group was formed in 2009 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Ashley Stewart

Secaucus, New Jersey, United States

Ashley Stewart is a global lifestyle brand for plus size women’s fashion. Ashley Stewart offers on-trend clothing and accessories through 89 retail stores across the country, a leading social media platform and a rapidly growing e-commerce platform. Ashley Stewart was founded in 1991 and is based in Secaucus, New Jersey.

Sell -