M&A Deal Summary

Gemini Investors and Pine Street Capital Partners Acquire Alexis Russell

On November 11, 2020, private equity firm Gemini Investors and mezzanine finance firm Pine Street Capital Partners acquired consumer products company Alexis Russell

Acquisition Highlights
  • This is Gemini Investors’ 4th and Pine Street Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is Gemini Investors’ 100th and Pine Street Capital Partners’ 36th transaction in the United States.
  • This is Gemini Investors’ 8th and Pine Street Capital Partners’ 7th transaction in New York.

M&A Deal Summary

Date 2020-11-11
Target Alexis Russell
Sector Consumer Products
Buyer(s) Gemini Investors
Pine Street Capital Partners
Deal Type Recapitalization
Advisor(s) Paramax (Financial)

Target

Alexis Russell

Buffalo, New York, United States
Alexis Russell is a designer and manufacturer of non-traditional fine jewelry. These products are primarily sold online through the company’s website, which provides customers the ability to customize their purchases. Alexis Russell was founded in 2005 and is based in Buffalo, New York.

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Buyer(S) 2

Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 100 of 129
Sector: Consumer Products M&A 4 of 5
Type: Recapitalization M&A Deals 22 of 27
State: New York M&A 8 of 9
Country: United States M&A 100 of 129
Year: 2020 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Wolfgangs

Tempe, Arizona, United States

Wolfgangs provides residential and commercial HVAC repair, preventative maintenance, and replacement services. Wolfgangs was founded in 1982 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 AZ MediQuip

Scottsdale, Arizona, United States

AZ MediQuip is a retailer of home medical equipment and supplies, providing sales, rental, and repair for a broad range of products such as oxygen, CPAP, mobility scooters, power recline and lift chairs, hospital beds. AZ MediQuip was founded in 1982 and is based in Scottsdale, Arizona.

Buy -
Buyer

Pine Street Capital Partners

Albany, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2004
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pine Street Capital Partners provides mezzanine capital to small and medium-sized private and public companies. PSCP will consider investments from $3 to $15 million in companies generating at least $10 million of sales. Target sectors include manufacturing, business services, consumer products, healthcare and media. PSCP prefers investments in the Northeast and Mid-Atlantic regions of the US, but will consider opportunities nationwide. Investment funds are typically used to support strategic acquisitions, growth, management and employee buyouts, and leveraged recapitalization. PSCP will not invest in the real estate, biotech and oil & gas industries. Pine Street Capital Partners was formed in 2004 and is based in Albany, New York.


DEAL STATS #
Overall 36 of 49
Sector: Consumer Products M&A 2 of 3
Type: Recapitalization M&A Deals 7 of 7
State: New York M&A 7 of 7
Country: United States M&A 36 of 49
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 CognitiveTPG

Chicago, Illinois, United States

CognitiveTPG is a provider of high-performance point-of-sale transaction and barcode printers to the retail, banking, self-service kiosk, healthcare, hospitality, automotive service, and manufacturing/ logistics sectors. CognitiveTPG is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Full Spectrum

Westborough, Massachusetts, United States

Full Spectrum is a provider of software development and testing services specializing exclusively in Medical Devices, Life Sciences, Digital Health, Robotics, IoT, and Artificial Intelligence. The company's expertise is in translating vision and concepts into commercially-viable products. Full Spectrum was founded in 1982 and is based in Westborough, Massachusetts.

Buy -