M&A Deal Summary

Huron Capital, MCM Capital Partners and Prairie Capital Acquire StyleCraft

On October 15, 2001, private equity firms Huron Capital, MCM Capital Partners and Prairie Capital acquired consumer products company StyleCraft

Acquisition Highlights
  • This is Huron Capital’s 1st, MCM Capital Partners’ 1st and Prairie Capital’s 4th transaction in the Consumer Products sector.
  • This is Huron Capital’s 4th, MCM Capital Partners’ 6th and Prairie Capital’s 11th transaction in the United States.
  • This is Huron Capital’s 1st, MCM Capital Partners’ 1st and Prairie Capital’s 1st transaction in Mississippi.
Investment Fate
  • StyleCraft was sold to a consortium of financial buyers in 2004.
  • StyleCraft was sold to a consortium of financial buyers in 2009.

M&A Deal Summary

Date 2001-10-15
Target StyleCraft
Sector Consumer Products
Buyer(s) Huron Capital
MCM Capital Partners
Prairie Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

StyleCraft

Southaven, Mississippi, United States
StyleCraft is a designer, manufacturer, and marketer of home decor products. StyleCraft has a broad product offering in the mid-priced portable lamps, tabletop accessories, and framed art and differentiates itself with its unique ability to deliver attractive fashions at modest price points. StyleCraft distributes products through all major retail channels, including independent retail stores, specialty home décor retailers, mass merchants, home centers, and department stores. StyleCraft was founded in 1968 and is based in Southaven, Mississippi.

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Buyer(S) 3

Buyer

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 4 of 61
Sector: Consumer Products M&A 1 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 24
State: Mississippi M&A 1 of 1
Country: United States M&A 4 of 58
Year: 2001 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-01 Riverside Distributors

Iowa Falls, Iowa, United States

Founded in 1943, Riverside was the nation’s largest independent distributor of products to the Christian market. Riverside was known for having the broadest selection of Bibles in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-01 Delta Educational Systems

Virginia Beach, Virginia, United States

Delta Educational Systems operates postsecondary career schools primarily in the eastern US, targeting the large and growing segment of the population seeking to acquire career-oriented education. Delta offers degree and diploma programs in healthcare, information technology, advertising, cosmetology, business, and other fields. Delta Educational Systems was founded in 1998 and is based in Virginia Beach, Virginia.

Buy -
Buyer

MCM Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor


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

MCM Capital Partners is Midwest based private equity firm focused on acquiring niche manufacturers, value added distributors and service companies. Specific areas of interest include specialty chemicals, medical component products, home accessories, engineered materials, packaging, specialty distribution, building products, transportation, and high performance composites. Prospective companies generally have revenues of $8 to $50 million and are valued up to $50 million. Typical transactions include recapitalizations, management buyouts, and divestitures. MCM Capital Partners was formed in 1992 and is based in Beachwood, Ohio.


DEAL STATS #
Overall 6 of 22
Sector: Consumer Products M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 12
State: Mississippi M&A 1 of 2
Country: United States M&A 6 of 21
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 OMCO

Wickliffe, Ohio, United States

The Ohio Moulding Corporation ('OMCO') is one of North America's leading manufacturers of roll-formed structural carbon and stainless steel products. OMCO's core strength is in the transportation field producing a variety of roll-formed components for trucks, trailers and truck bodies. The Company is recognized in the marketplace for its customer service, manufacturing capabilities that are strategically located throughout the Midwest and Canada and its ability to provide its customers one-source procurement capabilities by carrying an extensive inventory of ready-made, standard structural shapes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-30 MicroGroup

Medway, Massachusetts, United States

MicroGroup, Inc. is a manufacturer of precision medical components and sub-assemblies with expertise in difficult-to-manufacture, small diameter stainless steel tubing. The Company offers a comprehensive, integrated suite of 50+ in-house precision metal production operations supporting the full product life cycle from prototype to production. MicroGroup's customers include more than half of the world's largest medical device and analytical instrument companies across analytical and diagnostic instruments, cardiology, gastroenterology and endoscopy, neurology and spinal, and orthopedic and sports medicine segments.

Buy -
Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 78
Sector: Consumer Products M&A 4 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 41
State: Mississippi M&A 1 of 2
Country: United States M&A 11 of 76
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 EB Brands

Yonkers, New York, United States

EB Brands is a designer and merchandiser of branded products for the handheld exercise, personal fitness monitoring, travel accessory, and gift markets. EB Brands was founded in 1980 and is based in Yonkers, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Plastimayd

Oregon City, Oregon, United States

Plastimayd is a premium manufacturer and distributor of vinyl pool liners, safety covers and other related products for pool dealers and distributors across the U.S. Plastimayd’s brand names include Plastimayd Precision Crafted Pool Liners, VynAll Custom Pool Liners and Coverlogics.

Buy -