Buyout (LBO, MBO, MBI) • Retail

Freeman Spogli Acquires Ross-Simons

On July 26, 2000, private equity firm Freeman Spogli acquired retailer Ross-Simons

Acquisition Context
  • This is Freeman Spogli’s 5th transaction in the Retail sector.
  • This is Freeman Spogli’s 7th transaction in the United States.
  • This is Freeman Spogli’s 1st transaction in Rhode Island.
Investment Fate
  • Ross-Simons was sold to a financial buyer in 2020.

Explore All 718 Buyout (LBO, MBO, MBI) Retail Deals - Search the Database Free


M&A Deal Summary

Date July 26, 2000
Target Ross-Simons
Sector Retail
Buyer(s) Freeman Spogli
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Ross-Simons

Cranston, Rhode Island, United States
Ross-Simons specializes in offering unique and proprietary jewelry designs alongside a deep selection of classics such as diamond tennis bracelets and gold necklaces. The company offers a wide selection of items across a diverse range of price points and is known for mixing materials and colors in unexpected combinations. Factory direct sourcing, a wide assortment of raw materials, and nimble product development produce a compelling value proposition for the consumer. Ross-Simons is based in Cranston, Rhode Island.
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Buyer Overview 1

Buyer

Freeman Spogli

Los Angeles, California, United States

Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


Deal Context for Buyer #
Overall 7 of 49
Sector: Retail 5 of 17
Type: Buyout (LBO, MBO, MBI) 6 of 14
State: Rhode Island 1 of 1
Country: United States 7 of 49
Year: 2000 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-11 Medical Arts Press

Minneapolis, Minnesota, United States

Medical Arts Press is a direct marketer, manufacturer and distributor of office products and practice-related supplies to healthcare professionals.

Buy $277M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-26 CBRE

Dallas, Texas, United States

CBRE is a commercial real estate services and investment firm. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CBRE was incorporated in 1906 and is based in Dallas, Texas.

Buy $750M