M&A Deal Summary

Iconix Brand Group Acquires The Sharper Image

On October 27, 2011, Iconix Brand Group acquired consumer products company The Sharper Image from Tengram Capital Partners and Hilco Consumer Capital for 66M USD

Acquisition Highlights
  • This is Iconix Brand Group’s 1st transaction in the Consumer Products sector.
  • This is Iconix Brand Group’s 4th largest (disclosed) transaction.
  • This is Iconix Brand Group’s 4th transaction in the United States.
  • This is Iconix Brand Group’s 2nd transaction in California.
Investment Fate
  • The Sharper Image was divested to a consortium of strategic buyers in 2016.

M&A Deal Summary
Date 2011-10-27
Target The Sharper Image
Sector Consumer Products
Buyer(s) Iconix Brand Group
Sellers(s) Tengram Capital Partners
Hilco Consumer Capital
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

The Sharper Image

Walnut Creek, California, United States
The Sharper Image is best known for its original products offered across the lifestyle, gift, gadget, electronics, wellness, fitness and travel categories. Sharper Image products are sold through a variety of channels, including at department and specialty stores and direct to consumer through the Sharper Image catalog and e-commerce website. The Sharper Image was formed in 1977 and is based in Walnut Creek, California.

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Buyer(S) 1

Buyer

Iconix Brand Group

New York, New York, United States
Category Company
Founded 1978
Sector Apparel/Textiles
Revenue 109M USD (2020)
DESCRIPTION

Iconix Brand Group is a brand management company and owner of a diversified portfolio of global consumer brands across women’s, men’s, entertainment, and home. The Company’s business strategy is to maximize the value of its brands primarily through strategic licenses and joint venture partnerships around the world, as well as to grow the portfolio of brands through strategic acquisitions. Iconix Brand Group was formed in 1978 and is based in New York City.

DEAL STATS #
Overall 4 of 7
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (California) 2 of 2
Country (United States) 4 of 5
Year (2011) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-04 Hardy Way

Culver City, California, United States

Hardy Way LLC is a provider of clothing and accessories for men and women.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 Umbro

Cheadle, United Kingdom

Umbro plc is a designer, marketer and full line supplier of branded and licensed soccer products. Branded products consist of uniforms, warm-up gear, footwear and active casual wear. Umbro was formed in 1924 and is headquartered in Cheadle, England.

Buy $225M

Seller(S) 2

SELLER

Tengram Capital Partners

Westport, Connecticut, United States
Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Tengram Capital Partners LLC is a private equity firm focused on retail and branded consumer products. Tengram targets small-cap growth companies as well as restructuring opportunities with stable cash-flows. Specific areas of interest include apparel, sporting goods, consumer electronics, home furnishings, health and beauty, spirits, and food and beverage. Tengram is based in Westport, Connecticut.

DEAL STATS #
Overall 2 of 11
Sector (Consumer Products) 1 of 6
Type (Add-on Acquisition) 1 of 6
State (California) 1 of 1
Country (United States) 2 of 10
Year (2011) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Robert Graham

New York, New York, United States

Robert Graham LLC is a provider of luxury men’s and women’s collection apparel. Robert Graham was founded in 2001 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 Sequential Brands Group

New York, New York, United States

Sequential Brands Group owns, promotes, markets, and licenses a portfolio of consumer brands in fashion, active and lifestyle categories. Sequential Brands Group was founded in 2015 and is based in New York, New York.

Buy -
SELLER

Hilco Consumer Capital

Northbrook, Illinois, United States

Investor Investor

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hilco Consumer Capital is a private equity firm that makes investments in North American consumer product retailers, wholesalers, manufacturers and intellectual property. Hilco specifically targets businesses with strong consumer brands. The Firm prefers control investments and typically commits $25 to $100 million of equity per transaction. Hilco Consumer Capital was formed in 2006 and has offices in Toronto and Northbrook, Illinois.

DEAL STATS #
Overall 4 of 8
Sector (Consumer Products) 3 of 5
Type (Add-on Acquisition) 4 of 7
State (California) 1 of 2
Country (United States) 4 of 8
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-11 Bombay Brands

Fort Worth, Texas, United States

Bombay Brands LLC is a premier brand in the home furnishing industry, which specialized in expensive antique reproduction of furniture pieces.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-29 Ellen Tracy

New York, New York, United States

Ellen Tracy is a premium fashion brand and was one of the largest traditional brands in the Bridge wholesale segment of the women’s apparel industry.

Sell -
Mergr

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