M&A Deal Summary

IG Design Group Acquires The LANG Companies Inc

On July 11, 2016, IG Design Group acquired consumer products company The LANG Companies Inc from Sun Capital Partners and L Catterton Partners

Acquisition Highlights
  • This is IG Design Group’s 1st transaction in the Consumer Products sector.
  • This is IG Design Group’s 1st transaction in the United States.
  • This is IG Design Group’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2016-07-11
Target The LANG Companies Inc
Sector Consumer Products
Buyer(s) IG Design Group
Sellers(s) Sun Capital Partners
L Catterton Partners
Deal Type Add-on Acquisition

Target

The LANG Companies Inc

Waukesha, Wisconsin, United States
The LANG Companies, Inc is a provider of art, design, and sports driven calendars (second largest participant in the U.S. calendar industry), back-to-school products, greeting cards and stationary. Products are marketed under three widely-recognized Company-owned brands: Lang, Avalanche and Turner Licensing brands.

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Buyer(S) 1

Buyer

IG Design Group

Newport Pagnell, United Kingdom
Category Company
Founded 1978
Sector Consumer Products
Employees3,301
Revenue 890M USD (2023)
DESCRIPTION

IG Design Group is a designer, manufacturer, source and distribute a wide array of products for life’s important occasions, to help transform moments into memories. IG Design Group was founded in 1978 and is based in Newport Pagnell, the United Kingdom.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Products) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 Biscay Greetings Pty

Dandenong, Australia

Biscay Greetings Pty Ltd. is a greetings card and paper products business based in Australia. Biscay provides greetings cards and related products to an extensive base of almost 2,000 customers through regional, wholesale distributors, and independent retail channels across Australia and New Zealand.

Buy -

Seller(S) 2

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 76 of 127
Sector (Consumer Products) 6 of 8
Type (Add-on Acquisition) 29 of 53
State (Wisconsin) 1 of 2
Country (United States) 55 of 88
Year (2016) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Admiral Petroleum

Coopersville, Michigan, United States

Admiral Petroleum Co. Inc. is a convenience store business based in the Midwest. The Company, which had been family owned and operated since 1905, is headquartered in Coopersville, Michigan, and includes 130 Admiral-branded gas and convenience stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Hanna Andersson

Portland, Oregon, United States

Hanna Andersson is a multi-channel children’s apparel and accessories brand. Hanna Andersson has offered high-quality, Swedish-inspired children's clothing. From its iconic striped sleepwear to everyday playwear and more, Hanna Andersson's broad product line is balanced across boys, girls and infants from newborn to 12 years old. The Company's clothing is clearly differentiated by unmatched quality, durability and style. Over the last decade, Hanna Andersson has grown from a highly successful catalog brand to become the most prominent and fastest growing premium brand in the children's specialty apparel category. With a successful omni-channel platform, Hanna Andersson has been generating double-digit annual revenue growth since 2010 through a combination of its heritage catalog business and attractive e-commerce platform, as well as 55 retail stores and 11 outlet locations. Hanna Andersson was founded in 1983 and is based in Portland, Oregon.

Sell -
SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 37 of 101
Sector (Consumer Products) 6 of 17
Type (Add-on Acquisition) 15 of 45
State (Wisconsin) 2 of 2
Country (United States) 34 of 75
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 CareDENT Italia Srl

Grassobbio, Italy

Bistar Commerciale S.r.l. is a network of dental centers that takes care of dental health. CareDENT Italia was formed in 2009 and is based in Grassobbio, Italy.

Buy €50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Hanna Andersson

Portland, Oregon, United States

Hanna Andersson is a multi-channel children’s apparel and accessories brand. Hanna Andersson has offered high-quality, Swedish-inspired children's clothing. From its iconic striped sleepwear to everyday playwear and more, Hanna Andersson's broad product line is balanced across boys, girls and infants from newborn to 12 years old. The Company's clothing is clearly differentiated by unmatched quality, durability and style. Over the last decade, Hanna Andersson has grown from a highly successful catalog brand to become the most prominent and fastest growing premium brand in the children's specialty apparel category. With a successful omni-channel platform, Hanna Andersson has been generating double-digit annual revenue growth since 2010 through a combination of its heritage catalog business and attractive e-commerce platform, as well as 55 retail stores and 11 outlet locations. Hanna Andersson was founded in 1983 and is based in Portland, Oregon.

Buy -
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