M&A Deal Summary

Guest Supply Acquires Gilchrist & Soames

On September 21, 2015, Guest Supply acquired consumer products company Gilchrist & Soames from Swander Pace Capital and LNC Partners

Acquisition Highlights
  • This is Guest Supply’s 2nd transaction in the Consumer Products sector.
  • This is Guest Supply’s 1st transaction in the United States.
  • This is Guest Supply’s 1st transaction in Indiana.

M&A Deal Summary
Date 2015-09-21
Target Gilchrist & Soames
Sector Consumer Products
Buyer(s) Guest Supply
Sellers(s) Swander Pace Capital
LNC Partners
Deal Type Add-on Acquisition

Target

Gilchrist & Soames

Indianapolis, Indiana, United States
Gilchrist & Soames, Inc. is a provider of branded luxury personal care products to the hospitality market.

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Buyer(S) 1

Buyer

Guest Supply

Monmouth Junction, New Jersey, United States
Category Company
Founded 1979
Sector Consumer Products
Employees1,001
DESCRIPTION

Guest Supply LLC is a personal care amenities and other hotel operating supplies.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-10 Austin Tatum

Hong Kong, China

Austin Tatum Ltd. is a personal care amenity company.

Buy -

Seller(S) 2

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.

DEAL STATS #
Overall 29 of 42
Sector (Consumer Products) 9 of 13
Type (Add-on Acquisition) 17 of 25
State (Indiana) 2 of 2
Country (United States) 27 of 35
Year (2015) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-16 Incase Designs

Chino, California, United States

Incase Designs Corp. is a designer and manufacturer of bags and accessories centered on the lifestyles of individuals who create on the Apple device platform.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Voortman

Burlington, Ontario, Canada

Voortman is a manufacturer of cookies and wafers sold under the Voortman brand. Voortman offers quality cookies, using the finest, hand-selected ingredients. Voortman was founded in 1951 and is based in Burlington, Ontario.

Buy -
SELLER

LNC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.

DEAL STATS #
Overall 19 of 26
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 7 of 9
State (Indiana) 1 of 1
Country (United States) 19 of 26
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Sunstar Insurance Group

Memphis, Tennessee, United States

Sunstar Insurance Group is a regional insurance brokerage firm, focused on servicing the insurance needs of businesses and individuals in the Southeast and lower Midwest. Sunstar operates through 10 hub offices, with 18 branch offices in Arkansas, Kansas, Missouri, and Tennessee. Sunstar Insurance Group was formed in 2012 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 OutSolve

Metairie, Louisiana, United States

OutSolve is a provider of comprehensive affirmative action planning and compliance solutions to help federal contractors meet the full requirements of Executive Order 11246, The Vietnam Era Veteran Readjustment Assistance Act, and Section 503 of the Rehabilitation Act of 1973, among other regulations. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

Buy -
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