Investment Summary

GG Capital Exits Fitz and Floyd

On October 1, 1999, private equity firm Irving Place Capital invested in consumer products company Fitz and Floyd from GG Capital

Investment Highlights
  • This is Irving Place Capital’s 3rd transaction in the Consumer Products sector.
  • This is Irving Place Capital’s 7th transaction in the United States.
  • This is Irving Place Capital’s 2nd transaction in Massachusetts.
Investment Fate
  • Fitz and Floyd was sold to a financial buyer in 2009.
  • Fitz and Floyd was sold to a publicly-traded strategic buyer in 2017.

Investment Summary

Date 1999-10-01
Target Fitz and Floyd
Sector Consumer Products
Investor(s) Irving Place Capital
Sellers(s) GG Capital
Deal Type Secondary Buyout

Target

Fitz and Floyd

Medford, Massachusetts, United States
Fitz and Floyd is a marketer of uniquely designed gifts and decorative home accents. Fitz and Floyd sell to prestige department stores and independent gift and collectibles retailers. Fitz and Floyd is based in Medford, Massachusetts.

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Investor(S) 1

Investor

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 7 of 49
Sector: Consumer Products M&A 3 of 6
Type: Secondary Buyout M&A Deals 1 of 12
State: Massachusetts M&A 2 of 3
Country: United States M&A 7 of 40
Year: 1999 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-21 Integrated Circuit Systems

Norristown, Pennsylvania, United States

Integrated Circuit Systems is a provider in the design of integrated circuit products. ICS specializes in the design of frequency timing generators ('FTGs'). Integrated Circuit Systems was formed in 1976 and is based in Norristown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Ledstiernan AB

Stockholm, Sweden

Ledstiernan AB was an incubator that focused on start-up and early stage investments with a focus on investing in companies that are in the Internet or wireless-related industries.

Buy -

Seller(S) 1

SELLER

GG Capital

New York, New York, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

GG Capital is a private investment firm focused on investments in US based, middle-market companies with strong market positions and prospects for growth. GG looks for businesses generating sales of $10 to $100 million and valued up to $100 million. The Firm prefers partnering with management when pursuing transactions and generally seeks opportunities within the consumer products and manufacturing sectors. GG Capital is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Samepage

Ohio, United States

Samepage LLC is a B2B provider of customer relationship management (CRM) solutions focusing on the under-served middle markets, SamePage hosts a unique, interactive environment that integrates the power of the Internet with their clients enterprise systems.

Buy -