M&A Deal Summary

Goody Products Acquires JD Beauty Group

On March 11, 2019, Goody Products acquired consumer products company JD Beauty Group from Topspin Partners LBO and Praesidian Capital

Acquisition Highlights
  • This is Goody Products’ 1st transaction in the Consumer Products sector.
  • This is Goody Products’ 1st transaction in the United States.
  • This is Goody Products’ 1st transaction in New York.

M&A Deal Summary
Date 2019-03-11
Target JD Beauty Group
Sector Consumer Products
Buyer(s) Goody Products
Sellers(s) Topspin Partners LBO
Praesidian Capital
Deal Type Merger
Advisor(s) Intrepid Investment Bankers (Financial)
Lowenstein Sandler (Legal)

Target

JD Beauty Group

Hauppauge, New York, United States
JD Beauty Group is a marketer and manufacturer of professional beauty products. JD Beauty Group has launched some of the industry’s most recognizable and innovative brands and products such as WetBrush, TxturePro, and LuxorPro. These brands offer salon professionals beauty tools that promise quality and innovation to provide beautiful and professional results.

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Buyer(S) 1

Buyer

Goody Products

Atlanta, Georgia, United States
Category Company
Founded 1907
Sector Consumer Products
DESCRIPTION

Goody Products is a manufacturer of hair styling tools and accessories. Goody Products was founded in 1907 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 2

SELLER

Topspin Partners LBO

Category Private Equity Firm
Founded 2001
PE ASSETS 213M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Topspin LBO is the buyout arm of investment firm Topspin Partners. Topspin LBO looks to invest in established businesses with growing revenue and cash-flow of $2 to $10 million. Prospective companies generally have proven management in place and operate with defensible business models. While, Topspin will consider investing in businesses across the US, the Firm has a strong preference for opportunities serving the Long Island, New York area. Sectors of interest include security services, consumer products, publishing/media, niche manufacturing, food and beverage and restaurants. Topspin LBO was formed in 2001 and is based in Roslyn Heights, New York.

DEAL STATS #
Overall 11 of 12
Sector (Consumer Products) 2 of 2
Type (Merger) 2 of 2
State (New York) 3 of 4
Country (United States) 11 of 12
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 PlayMonster

Beloit, Wisconsin, United States

PlayMonster is a provider in the toy and game industry, and designs, manufactures, distributes, and markets games, children’s puzzles, preschool toys, creative activities, and teaching tools. PlayMonster was founded in 1985 and is based in Beloit, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Japonesque

San Ramon, California, United States

Japonesque is a provider of beauty products to mass, specialty and online retailers. The company primarily sells its products through traditional brick & mortar retailers such as CVS, Target, Walmart, Shoppers Drug Mart, Rite Aid, and online through Amazon. Japonesque was founded in 1984 and is based in San Ramon, California.

Buy -
SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 22 of 29
Sector (Consumer Products) 2 of 3
Type (Merger) 1 of 1
State (New York) 4 of 5
Country (United States) 21 of 27
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-09 Autobahn

Jessup, Maryland, United States

Autobahn is an operator of indoor go-karting racing tracks. Autobahn was founded in 2012 and is based in Jessup, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Resolution Economics

Los Angeles, California, United States

Resolution Economics is a specialty consulting firm that provides economic and statistical analysis as well as expert testimony to leading law firms and corporations in labor & employment and commercial litigation matters. Resolution specializes in highly complex class action lawsuits and, as such, employs a highly technical workforce, including 14 with PhDs and 23 with master's degrees. Resolution Economics was founded in 1998 and is based in Los Angeles, California.

Sell -
Mergr

Product

Company

Legal