M&A Deal Summary

Leonard Green & Partners Acquires Shade Store

On August 9, 2018, private equity firm Leonard Green & Partners acquired retailer Shade Store from Great Hill Partners

Acquisition Highlights
  • This is Leonard Green & Partners’ 19th transaction in the Retail sector.
  • This is Leonard Green & Partners’ 69th transaction in the United States.
  • This is Leonard Green & Partners’ 10th transaction in New York.

M&A Deal Summary
Date 2018-08-09
Target Shade Store
Sector Retail
Buyer(s) Leonard Green & Partners
Sellers(s) Great Hill Partners
Deal Type Secondary Buyout

Target

Shade Store

Port Chester, New York, United States
Shade Store is an omni-channel provider of custom window treatments in the United States with over 60 showrooms nationwide. Shade Store offers a complete range of design, manufacturing, measuring and installation services for both consumers and design professionals. Shade Store was founded in 2006 and is based in Port Chester, New York.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 74 of 102
Sector (Retail) 19 of 19
Type (Secondary Buyout) 28 of 47
State (New York) 10 of 10
Country (United States) 69 of 94
Year (2018) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 BJ s

Marlborough, Massachusetts, United States

BJ's is a warehouse club operator on the East Coast of the United States. BJ's delivers significant value to our members, consistently offering 25% or more savings on a representative basket of manufacturer-branded groceries compared to traditional supermarket competitors. BJ's provides a curated assortment focused on perishable products, continuously refreshed general merchandise, gas and other ancillary services to deliver a differentiated shopping experience that is further enhanced by our omnichannel capabilities. BJ's was incorporated in 1984 and is based in Westborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Veritext

Costa Mesa, California, United States

Veritext is a pre-trial deposition services provider in the United States, offering end-to-end services for law firms and corporate clients. Veritext connects its clients to its network of independent court contractors, including court reporters, videographers, and interpreters, to help administer more depositions per year than any other provider. Veritext was founded in 1997 and is based in Costa Mesa, California.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 36 of 61
Sector (Retail) 1 of 1
Type (Secondary Buyout) 5 of 11
State (New York) 2 of 2
Country (United States) 31 of 51
Year (2018) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Bombas

New York, New York, United States

Bombas is a multi-channel retailer of premium quality socks and other apparel basics. Bombas revolutionized the modern sock, designing an offering that delivers premium performance, unparalleled comfort, and timeless style. Bombas has grown rapidly via its e-commerce site, with best-in-class transaction and customer metrics. Moreover, the Company's core strategy revolves around a socially conscious giving model of donating one pair of socks to a homeless shelter for each pair sold, and Bombas recently crossed the nine million pairs sold and donated mark. Bombas was founded in 2013 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Ascenty

Campinas, Brazil

Ascenty is the largest data center provider in Brazil, with seven data centers currently operating and an additional data center under construction. The company was founded in 2010 and has focused on building world-class data centers while serving some of the largest global technology companies. All the company’s data centers are interconnected using a proprietary 4,000 km fiber-optic network.

Sell $1.8B
Mergr

Product

Company

Legal