M&A Deal Summary

Dan Dee Acquires Animal Adventure

On February 19, 2020, Dan Dee acquired consumer products company Animal Adventure from Spell Capital Partners and Medallion Capital

Acquisition Highlights
  • This is Dan Dee’s 1st transaction in the Consumer Products sector.
  • This is Dan Dee’s 1st transaction in the United States.
  • This is Dan Dee’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2020-02-19
Target Animal Adventure
Sector Consumer Products
Buyer(s) Dan Dee
Sellers(s) Spell Capital Partners
Medallion Capital
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)

Target

Animal Adventure

Hopkins, Minnesota, United States
Animal Adventure, Inc. is a designer and manufacturer of plush products for the children’s, baby, pet, and water toy markets. Animal Adventure was established in 1998 and is based in Hopkins, Minnesota.

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Buyer(S) 1

Buyer

Dan Dee

St. Petersberg, Florida, United States

Category Company
Founded 1951
Sector Consumer Products
DESCRIPTION

Dan Dee is a provider of a wide range of seasonal products for North American and international markets, such as plush toys and home décor. Dan Dee was founded in 1951 and is based in St. Petersberg, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 2

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 26 of 37
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 21
State: Minnesota M&A 5 of 9
Country: United States M&A 26 of 37
Year: 2020 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Ameribest

Philadelphia, Pennsylvania, United States

Ameribest is a provider of home health and personal care services including light household duties, meal preparation, hygiene, exercise, cleaning, and errands. Ameribest is based in Philadelphia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-08 APColorants

Thomastown, Australia

APColorants is a manufacturer of concentrated color and performance additives for the plastics industry. APColorants provides businesses with products that make everyday plastics colorful, food-safe, UV resistant, or fire-retardant. Asian Pacific Colorants operates four plants located in Auckland, New Zealand, Brisbane, Australia, and two in Melbourne, Australia. APColorants is based in Thomastown, Victoria.

Buy -
DESCRIPTION

Medallion Capital is an investment firm that offers subordinated debt to help support a variety of transaction situations including buyouts, acquisition financings, recapitalizations, and expansions. The Firm targets established companies with at least $10 million in revenue and at least $2 million in cash flow. Medallion is a generalist investor, however the Firm will not invest in information technology, life science, real estate, entertainment, or finance companies. Medallion does not provide seed capital or start-up funding. Medallion Capital is based in Burnsville, Minnesota and is a subsidiary of New York-based Medallion Financial Corp.


DEAL STATS #
Overall 4 of 5
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: Minnesota M&A 2 of 2
Country: United States M&A 4 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Brandywine Communications

Tustin, California, United States

Brandywine Communications is a designer and manufacturer of mission-critical time and frequency devices that serve the military and infrastructure markets. Brandywine Communications is based in Tustin, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 PirTano

Addison, Illinois, United States

PirTano is a multi-dimensional construction company that provides underground utilities, roads, and site development as a full-service prime contractor for residential home builders, commercial developers, municipalities, departments of transportation, and tollway authorities. PirTano was founded in 1982 and is based in Addison, Illinois.

Buy -