M&A Deal Summary

Kian Capital Partners and RF Investment Partners Acquire Charles Products

On January 10, 2019, private equity firm Kian Capital Partners and mezzanine finance firm RF Investment Partners acquired consumer products company Charles Products

Acquisition Highlights
  • This is Kian Capital Partners’ 1st and RF Investment Partners’ 2nd transaction in the Consumer Products sector.
  • This is Kian Capital Partners’ 19th and RF Investment Partners’ 7th transaction in the United States.
  • This is Kian Capital Partners’ 1st and RF Investment Partners’ 1st transaction in Maryland.

M&A Deal Summary

Date 2019-01-10
Target Charles Products
Sector Consumer Products
Buyer(s) Kian Capital Partners
RF Investment Partners
Deal Type Recapitalization
Advisor(s) BB&T Capital Markets (Financial)

Target

Charles Products

Rockville, Maryland, United States
Charles Products is a provider of specialty designed custom merchandise to prominent tourist attractions including zoos, museums, aquariums, theme parks, notable locations, and other gift shops. Charles Products was founded in 1952 and is based in Rockville, Maryland.

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Buyer(S) 2

Buyer
DESCRIPTION

Kian Capital Partners is a private equity firm focused on providing equity and junior capital to support growth, buyouts, shareholder liquidity needs, recapitalizations, divestitures, and refinancings of profitable lower middle-market companies with up to $150 million in revenue. Kian will consider opportunities throughout the US and seeks businesses operating in the business services, distribution, healthcare services, and niche manufacturing sectors. Kian Capital Partners was formed in 2011 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 19 of 27
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 6 of 8
State (Maryland) 1 of 1
Country (United States) 19 of 27
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Orangetheory North Carolina Franchisee

Chapel Hill, North Carolina, United States

OTNC is a developer and operator of Orangetheory Fitness studios throughout Central and Eastern North Carolina. OT Growth Partners is based in Chapel Hill, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Lofa Industries

Roswell, Georgia, United States

Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Sell -
Buyer
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 33
Sector (Consumer Products) 2 of 3
Type (Recapitalization) 2 of 2
State (Maryland) 1 of 1
Country (United States) 7 of 32
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Health Media Network

Norwalk, Connecticut, United States

Health Media Network provides digital point-of-care marketing services through its proprietary digital content platform. HMN’s digital networks run on screens placed in physician offices and provide specialty-specific, health-focused content tailored to patients’ health needs and interests. Health Media Network was established in 2007 and is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 True Capital Partners

Haddonfield, New Jersey, United States

True Capital Partners is a platform focused on talent management with a suite of products and services that deliver efficient talent solutions across organizations that focus on connecting tech and high-growth companies with the right talent and advising beyond the hire. True Capital Partners was founded in 2012 and is based in Haddonfield, New Jersey.

Buy -