M&A Deal Summary

HB Performance Systems Acquires Answer Products

On November 10, 2006, HB Performance Systems acquired consumer products company Answer Products from Swander Pace Capital

Acquisition Highlights
  • This is HB Performance Systems’ 1st transaction in the Consumer Products sector.
  • This is HB Performance Systems’ 2nd transaction in the United States.
  • This is HB Performance Systems’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2006-11-10
Target Answer Products
Sector Consumer Products
Buyer(s) HB Performance Systems
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition

Target

Answer Products

Mequon, Wisconsin, United States
Answer Products, Inc. is a manufacturer and marketer of bicycle suspension components and accessories sold under the Manitou brandname to bicycle OEMs and independent bicycle dealers.

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Buyer(S) 1

Buyer

HB Performance Systems

Mequon, Wisconsin, United States
Category Company
Founded 1946
Sector Automotive
DESCRIPTION

HB Performance Systems is a manufacturer of non-automotive engineered braking and suspension solutions. HB Performance Systems was founded in 1946 and is based in Mequon, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-13 Sun Metal Products

Warsaw, Indiana, United States

Sun Metal Products is a manufacturer of rims and wheelsets for mountain bikes and related end markets.

Buy -

Seller(S) 1

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 9 of 42
Sector (Consumer Products) 3 of 13
Type (Add-on Acquisition) 5 of 25
State (Wisconsin) 1 of 1
Country (United States) 9 of 35
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Bravo Sports

Santa Fe Springs, California, United States

Bravo Sports is a manufacturer of sporting goods and outdoor categories. Bravo provides branded consumer products such as scooters, skateboards, skates, and canopies to a blue-chip customer base across the mass merchants, sporting goods and big-box retailers. Bravo Sports was founded in 1965 and is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Ideal Snacks

Liberty, New York, United States

Ideal Snacks Corp. is a producer and supplier of pellet-based puffed and baked snacks. Ideal Snacks manufactures crisps, chips, bars, and similar products for a growing list of branded and private label customers in the U.S., Canada, and Europe.

Buy -
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