M&A Deal Summary

EagleTree Capital and Stellus Capital Management Acquire MacKenzie-Childs

On September 6, 2022, private equity firms EagleTree Capital and Stellus Capital Management acquired consumer products company MacKenzie-Childs from Castanea Partners

Acquisition Highlights
  • This is EagleTree Capital’s 6th and Stellus Capital Management’s 4th transaction in the Consumer Products sector.
  • This is EagleTree Capital’s 41st and Stellus Capital Management’s 46th transaction in the United States.
  • This is EagleTree Capital’s 9th and Stellus Capital Management’s 3rd transaction in New York.

M&A Deal Summary

Date 2022-09-06
Target MacKenzie-Childs
Sector Consumer Products
Buyer(s) EagleTree Capital
Stellus Capital Management
Sellers(s) Castanea Partners
Deal Type Secondary Buyout
Advisor(s) Financo
Raymond James - Investment Banking
Grant Thornton Transaction Advisory (Financial)
Latham & Watkins (Legal)

Target

MacKenzie-Childs

Aurora, New York, United States
MacKenzie-Childs is a designer, manufacturer, and multichannel merchant of handcrafted ceramics and enamel tableware, furniture, home decor, garden furniture and accessories, and personal accessories. MacKenzie-Childs was founded in 1983 and is based in Aurora, New York.

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Buyer(S) 2

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 4.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 43 of 47
Sector: Consumer Products M&A 6 of 6
Type: Secondary Buyout M&A Deals 12 of 14
State: New York M&A 9 of 9
Country: United States M&A 41 of 45
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 FuseFX

Los Angeles, California, United States

FuseFX is a provider of full-service visual effects for episodic television, feature films, commercials, ride films, and VR productions with a talented roster of creative and production personnel across locations in Los Angeles, New York, Vancouver, and Atlanta. FuseFX was founded in 2006 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 PRA

Chicago, Illinois, United States

PRA is a destination management company that supports its clients’ off-site business events such as corporate meetings, incentive travel programs, and conferences by providing activity and transportation solutions and other destination support services. PRA provides a critical link between event planners and the local markets where business events take place. PRA was founded in 1981 and is based in Chicago, Illinois.

Buy -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 47 of 87
Sector: Consumer Products M&A 4 of 4
Type: Secondary Buyout M&A Deals 10 of 20
State: New York M&A 3 of 7
Country: United States M&A 46 of 84
Year: 2022 M&A 16 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 RIA Advisory

Coral Gables, Florida, United States

RIA Advisory is a provider of revenue management solutions. The Company solves mission-critical problems for clients through a compelling combination of scalable Oracle platforms, highly differentiated proprietary IP, institutional knowledge of the revenue management space, and deep domain expertise across the financial services and healthcare verticals. RIA Advisory was founded in 2016 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Said Differently

Miami, Florida, United States

Said Differently offers an untraditional global approach to strategic consulting, design and development services. The company operates virtually with a network of over 3,000 specialists worldwide, including freelance designers, programmers, strategists and other marketing experts. Said Differently was founded in 2020 and is based in Miami, Florida.

Buy -

Seller(S) 1

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 23 of 24
Sector: Consumer Products M&A 9 of 10
Type: Secondary Buyout M&A Deals 6 of 6
State: New York M&A 5 of 5
Country: United States M&A 23 of 24
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Simms Fishing Products

Bozeman, Montana, United States

Simms Fishing Products offers a comprehensive line of high-performance fishing apparel, footwear, and gear. Its premium fishing waders are produced domestically at Simms’ manufacturing facility in Bozeman. The company’s products, used by over 6,000 Simms-sponsored fishing professionals globally, are distributed through specialty retail stores both domestically and internationally. Simms Fishing Products was founded in 1980 and is based in Montana.

Sell $193M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 4moms

Pittsburgh, Pennsylvania, United States

4moms develops, manufactures, and distributes juvenile products under the 4moms brand. 4moms was founded in 2005 and is based in Pittsburgh, Pennsylvania.

Sell -