Add-on Acquisition • Apparel/Textiles

Fanatics Acquires Mitchell & Ness

On February 18, 2022, Fanatics acquired apparel/textiles company Mitchell & Ness from Juggernaut Capital Partners

Acquisition Context
  • This is Fanatics’ 2nd transaction in the Apparel/Textiles sector.
  • This is Fanatics’ 4th transaction in the United States.
  • This is Fanatics’ 1st transaction in California.

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M&A Deal Summary

Date February 18, 2022
Target Mitchell & Ness
Sector Apparel/Textiles
Buyer(s) Fanatics
Sellers(s) Juggernaut Capital Partners
Deal Type Add-on Acquisition

Target Company

Mitchell & Ness

Irvine, California, United States
Mitchell & Ness is a global platform in nostalgia headwear and apparel with longstanding licensing agreements across multiple professional sports leagues including the NBA, NHL, MLB and NFL. Mitchell & Ness is a strong lifestyle brand that is well known for its authentic headwear and apparel craftsmanship. Mitchell & Ness was founded in 1904 and is based in Irvine, California.
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Buyer Overview 1

Buyer

Fanatics

Jacksonville, Florida, United States

Category Company
Founded 1995
Sector E-Commerce
DESCRIPTION

Fanatics is a vertically integrated online retailer of team and league licensed sports apparel and collectibles. With hundreds of thousands of available items, Fanatics offers a deep product assortment spanning collegiate and professional teams, action sports including surf, skate and MMA, and offers this merchandise on websites such as footballfanatics.com and surffanatics.com. Fanatics was formed in 1995 and is based in Jacksonville, Florida.


Deal Context for Buyer #
Overall 5 of 6
Sector: Apparel/Textiles 2 of 2
Type: Add-on Acquisition 2 of 3
State: California 1 of 1
Country: United States 4 of 5
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 The Topps Co. - Sports and Entertainment Division

New York, New York, United States

Topps’ sports & entertainment business consists of its worldwide trading cards and collectibles business - both the physical and digital divisions - which sells in more than 100 countries and has physical operations in 10 countries, including the UK, Germany, Brazil, Italy and Japan.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 PWCC

Tigard, Oregon, United States

PWCC is a trading platform focused on sports card and other collecitibles. By leaning on rich data and its expert, collaborative team, PWCC has developed a safe, transparent environment in which to buy, sell, and store trading cards, comic books, video games, numismatics, and memorabilia. PWCC was formed in 1998 and is based in Tigard, Oregon.

Buy -

Seller Profile 1

SELLER

Juggernaut Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Juggernaut Capital Partners (JCP) is a private equity firm that targets middle market consumer products and business services companies throughout the US. The Firm seeks majority and minority stakes where it can commit $10 to $50 million of equity capital. JCP will consider a variety of transaction types, including buyouts, restructurings, and recapitalizations. Juggernaut Capital Partners was formed in 2009 and is based in Washington DC.


Deal Context for Seller #
Overall 8 of 9
Sector: Apparel/Textiles 1 of 1
Type: Add-on Acquisition 2 of 3
State: California 1 of 1
Country: United States 8 of 9
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-07 Channel Partners

Tampa, Florida, United States

Channel Partners provides specialized teams for retail merchandising, new store set-ups, product assembly and product reset services for retailers, manufacturers and brands, and sales and marketing organizations. Channel Partners was founded in 1992 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Thrill One Sports & Entertainment

Costa Mesa, California, United States

Thrill One Sports & Entertainment is a content company that lives at the nexus of sports, entertainment, and lifestyle, combining the resources of Nitro Circus, Street League Skateboarding (SLS), Nitro Rallycross (NRX), and Thrill One Media. The company is dedicated to creating mind-blowing action sports events and original content, fueled by the most daring athletes, talent, and brands in thrill-based entertainment. Thrill One Sports & Entertainment was formed in 2020 and is based in Costa Mesa, California.

Buy -