M&A Deal Summary

L Catterton Partners Acquires Hanna Andersson

On August 2, 2016, growth capital firm L Catterton Partners acquired apparel/textiles company Hanna Andersson from Sun Capital Partners

Acquisition Highlights
  • This is L Catterton Partners’ 12th transaction in the Apparel/Textiles sector.
  • This is L Catterton Partners’ 77th transaction in the United States.
  • This is L Catterton Partners’ 1st transaction in Oregon.

M&A Deal Summary
Date 2016-08-02
Target Hanna Andersson
Sector Apparel/Textiles
Buyer(s) L Catterton Partners
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

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 114 of 221
Sector (Apparel/Textiles) 12 of 25
Type (Secondary Buyout) 7 of 20
State (Oregon) 1 of 1
Country (United States) 77 of 133
Year (2016) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Sun Water Systems

Haltom City, Texas, United States

Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters.

Sell $87M

Seller(S) 1

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 77 of 127
Sector (Apparel/Textiles) 6 of 9
Type (Secondary Buyout) 18 of 32
State (Oregon) 2 of 2
Country (United States) 56 of 88
Year (2016) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Garden Fresh

San Diego, California, United States

Garden Fresh offers a broad variety of fresh food alternatives in an all-you-care-to-eat format. Each day begins fresh at the more than 100 company-owned restaurants in 11 states. More than 300 million guests since 1978 have helped us be number one in fresh produce and salads, made-from-scratch soups, hot pastas, freshly baked breads and muffins, fresh fruit, desserts, and more. Guests have the freedom to create their own wholesome meal in a one-of-a-kind dining experience in a friendly atmosphere and all at an everyday value.

Sell -
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