M&A Deal Summary

Greyrock Capital Group Acquires Kahunaverse Sports Group

On November 4, 2020, mezzanine finance firm Greyrock Capital Group acquired e-commerce company Kahunaverse Sports Group

Acquisition Highlights
  • This is Greyrock Capital Group’s 1st transaction in the E-Commerce sector.
  • This is Greyrock Capital Group’s 1st transaction in Canada.
  • This is Greyrock Capital Group’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-11-04
Target Kahunaverse Sports Group
Sector E-Commerce
Buyer(s) Greyrock Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Kahunaverse Sports Group

Surrey, British Columbia, Canada
Kahunaverse Sports Group evolved through the merger of Big Kahuna Sport Company and Home Run Sports in 2017, and the subsequent acquisition of Soccer Express in 2018 to become Canada's largest Team product provider to academic institutions, sports associations, clubs, and leagues, focusing on team wear and team equipment sales within key sports categories. Kahunaverse Sports Group was founded in 2017 and is based in Surrey, British Columbia.

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Buyer(S) 1

Buyer

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.

DEAL STATS #
Overall 59 of 61
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 32 of 33
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Precision Products Group

College Park, Maryland, United States

Precision Products Group with operations in the U.S and China is the parent company of Paramount Tube (Paramount) and Euclid Medical Products (Euclid). PPG is a manufacturer of precision tube and spring products for automotive, electrical insulation, medical and pharmaceutical, specialty packaging, and many other industrial and consumer products. Precision Products Group was founded in 1980 and is based in College Park, Maryland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 Paleteria La Michoacana

Modesto, California, United States

Paleteria La Michoacana is a producer, marketer, and distributor of premium ice cream and other fine desserts. The Company is known for its fine quality and methods used to produce its paletas, using natural fruits and ingredients of the highest quality. Paleteria La Michoacana was founded in 2002 and is based in Modesto, California.

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