M&A Deal Summary

CURiO Acquires Thymes

On August 17, 2016, CURiO acquired consumer products company Thymes from Castanea Partners, Northstar Capital and Stanfield Capital

Acquisition Highlights
  • This is CURiO’s 2nd transaction in the Consumer Products sector.
  • This is CURiO’s 2nd transaction in the United States.
  • This is CURiO’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-08-17
Target Thymes
Sector Consumer Products
Buyer(s) CURiO
Sellers(s) Castanea Partners
Northstar Capital
Stanfield Capital
Deal Type Merger

Target

Thymes

Minneapolis, Minnesota, United States
Thymes is a designer and marketer of branded bath and body and home fragrance products. Thymes’ premium product line includes soaps, lotions, and other bath and body products, as well as home fragrance selections such as candles and diffusers. Thymes was founded in 1982 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

CURiO

Starkville, Minnesota, United States

Category Company
Sector Consumer Products
DESCRIPTION

CURiO is a manufacturer and seller of personal care and home fragrance products. CURiO is based in Starkville, Mississippi.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 2 of 2
Type: Merger M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-17 DPM fragrance

Starkville, Mississippi, United States

DPM Fragrance is the manufacturer of high-end fragrance and personal care products.

Buy -

Seller(S) 3

SELLER

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 13 of 24
Sector: Consumer Products M&A 2 of 10
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 2
Country: United States M&A 13 of 24
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Drybar

Irvine, California, United States

Drybar is an operator of a multi-unit retail brand that provides professional blowouts (hair washing, drying, and styling). Drybar also offers an award-winning branded consumer product line of hair care and styling products. Drybar was founded in 2009 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Bruery

Placentia, California, United States

Bruery is a producer of premium specialty craft beers. The company specializes in barrel-aged and sour beers and creates complex flavors from simple ingredients. Bruery was founded in 2008 and is based in Placentia, California.

Buy -
SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 36 of 82
Sector: Consumer Products M&A 2 of 8
Type: Merger M&A Deals 2 of 4
State: Minnesota M&A 5 of 8
Country: United States M&A 35 of 78
Year: 2016 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Meca & Technology Machine

Green Bay, Wisconsin, United States

Meca & Technology Machine is a manufacturer and engineering provider of tight tolerance machined components, such as carbon fiber, steel, stainless steel, and aluminum cylinders, gears, composite flexographic plate and bridge sleeves, aluminum and carbon fiber anilox sleeves, and mechanically engraved cylinders for the industrial, packaging, flexographic printing, coating and converting industries. Meca & Technology Machine was founded in 1983 and is based in Green Bay, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 OMEGA Environmental Technologies

Irving, Texas, United States

OMEGA Environmental Technologies is an aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors. OMEGA Environmental Technologies was founded in 1989 and is based in Irving, Texas.

Sell -
DESCRIPTION

Stanfield Capital is a private equity firm that invests in lower middle-market profitable companies with $10 to $100 million of revenue and $2 to $10 million of EBITDA. The Firm has a preference for consumer focused companies and will consider a variety of investment situations including buyouts, turnarounds, and minority growth financings. Stanfield Capital was formed in 2014 and is based in Needham, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Stauer

Burnsville, Minnesota, United States

Stauer is a direct marketer specializing in affordable, historically-inspired watches, jewelry and collectibles. Stauer has travelled the globe in search of unique products and designs with rich heritage and captivating stories, and delivered them to their customers at affordable prices. Stauer was founded in 2003 and is based in Burnsville, Minnesota.

Buy -