M&A Deal Summary

Haas Wheat and Partners Acquires Nebraska Book Company

On February 23, 1998, private equity firm Haas Wheat and Partners acquired retailer Nebraska Book Company from Olympus Partners for 245M USD

Acquisition Highlights
  • This is Haas Wheat and Partners’ 1st transaction in the Retail sector.
  • This is Haas Wheat and Partners’ largest (disclosed) transaction.
  • This is Haas Wheat and Partners’ 2nd transaction in the United States.
  • This is Haas Wheat and Partners’ 1st transaction in Nebraska.
Investment Fate
  • Nebraska Book Company was sold to a financial buyer in 2002.
  • Nebraska Book Company went bankrupt in 2011.

M&A Deal Summary

Date 1998-02-23
Target Nebraska Book Company
Sector Retail
Buyer(s) Haas Wheat and Partners
Sellers(s) Olympus Partners
Deal Type Secondary Buyout
Deal Value 245M USD

Target

Nebraska Book Company

Lincoln, Nebraska, United States
Nebraska Book Company is the largest wholesale distributors of used college textbooks in North America selling more than 7.2 million textbooks annually. In addition, the Company operates more than 240 college bookstore locations across the United States. Nebraska Book also provides additional services that complement its core businesses including an e-commerce solution, comprehensive store management systems, centralized buying and marketing services and a distribution business serving distance education providers.

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Buyer(S) 1

Buyer

Haas Wheat and Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Haas Wheat & Partners private equity firm specializing in strategic equity investments and leveraged buyouts of both private and public middle-market companies. Haas Wheat focuses on companies headquartered in the US and looks to commit between $25 and $200 million of equity per transaction. Target industry sectors include healthcare, consumer products and services, and specialized business services and manufacturing. Haas Wheat & Partner was formed in 1992 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 5
Sector (Retail) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Nebraska) 1 of 1
Country (United States) 2 of 5
Year (1998) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-07 Smarte Carte

St. Paul, Minnesota, United States

Smarte Carte is a provider of baggage cart, locker and stroller services operating in airports, train stations, bus terminals, shopping centers and entertainment facilities around the world. Smarte Carte was founded in 1967 and is based in St. Paul, Minnesota.

Buy $114M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-01 Dr Pepper/Seven Up

Plano, Texas, United States

Producer of Dr Pepper soft drink concentrate.

Sell $283M

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 4 of 50
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 15
State (Nebraska) 1 of 2
Country (United States) 4 of 47
Year (1998) 2 of 2
Size (of disclosed) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Entrust

Dallas, Texas, United States

Entrust secures digital identities and information for consumers, enterprises and governments in more than 2,000 organizations spanning 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization. These include SSL, authentication, fraud detection, shared data protection and e-mail security.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-03 Vignette

Austin, Texas, United States

Vignette is proud to be a part of Open Text, a global leader in Enterprise Content Management. Together, our Web content management, portal and collaboration solutions provide the backbone for dynamic Web experiences. The world’s leading organizations rely on Vignette to power their business-critical Web and e-business solutions and to deliver benefits such as increased customer loyalty, revenue generation, productivity and costs savings.

Buy -