M&A Deal Summary

Highlander Partners and NMP Capital Acquire SFERRA

On October 9, 2018, private equity firm Highlander Partners and mezzanine finance firm NMP Capital acquired apparel/textiles company SFERRA from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Highlander Partners’ 2nd and NMP Capital’s 3rd transaction in the Apparel/Textiles sector.
  • This is Highlander Partners’ 25th and NMP Capital’s 72nd transaction in the United States.
  • This is Highlander Partners’ 2nd and NMP Capital’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2018-10-09
Target SFERRA
Sector Apparel/Textiles
Buyer(s) Highlander Partners
NMP Capital
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lazard Middle Market (Financial)

Target

SFERRA

Edison, New Jersey, United States
SFERRA is a luxury linen and home lifestyle company, with a leading consumer brand known for design, textile innovation, trusted quality, and craftsmanship. SFERRA was founded in 1891 and is based in Edison, New Jersey.

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Buyer(S) 2

Buyer

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.

DEAL STATS #
Overall 34 of 48
Sector (Apparel/Textiles) 2 of 2
Type (Secondary Buyout) 5 of 7
State (New Jersey) 2 of 2
Country (United States) 25 of 34
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Jianke

Guangzhou, China

Jianke provides online chronic disease management services in China. The company provides services through online chronic disease management platform to address the needs of patients with chronic disease, such as hypertension, cardiovascular and respiratory chronic diseases. Jianke was founded in 2015 and is based in Guangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Ascend Custom Extrusions

Wylie, Texas, United States

Ascend Custom Extrusions LLC is a provider of custom aluminum extrusions to various industries serving the majority of the United States. Ascend Custom Extrusions was formed in 2010 and is based in Wylie, Texas.

Sell -
Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 74 of 88
Sector (Apparel/Textiles) 3 of 4
Type (Secondary Buyout) 22 of 31
State (New Jersey) 3 of 4
Country (United States) 72 of 85
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 Institute for Integrative Nutrition

New York, New York, United States

Institute for Integrative Nutrition is a professional health coaching certification program providing a global learning experience through its innovative online learning platform for approximately 100,000 students and graduates in over 150 countries worldwide. Institute for Integrative Nutrition was founded in 1992 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Pet Supplies Plus

Livonia, Michigan, United States

Pet Supplies Plus is a pet specialty retailer in the United States by total system sales, providing a wide variety of pet food, treats, hard goods and services for dogs, cats, and small animals. Pet Supplies Plus was founded in 1988 and is based in Livonia, Michigan.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 33 of 57
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 15 of 30
State (New Jersey) 2 of 2
Country (United States) 32 of 51
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 Squla

Amsterdam, Netherlands

Squla is an online learning platform for secondary school students enabling them to learn words and concepts more efficiently and quicker. Squla is the main provider of additional interactive educational tools for primary school pupils. WRTS is the platform for secondary school students and helps them to prepare for tests with quizzes about words and concepts, practice tests, video, and 1 to 1 support by tutor chats. Squla was founded in 2010 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 Global Franchise Group

Atlanta, Georgia, United States

Global Franchise Group is a strategic brand management company that currently owns and manages a portfolio of franchised brands in the quick service restaurant industry and the retail footwear and accessories industry. Global Franchise Group was founded in 2010 and is based in Atlanta, Georgia.

Sell -
Mergr

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