M&A Deal Summary |
|
|---|---|
| Date | 2010-10-07 |
| Target | Apparel Ventures |
| Sector | Apparel/Textiles |
| Buyer(s) | Manhattan Beachwear |
| Sellers(s) | NewCastle Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Kurt Salmon Capital Advisors, Inc. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Apparel/Textiles |
| Employees | 200 |
| Revenue | 65M USD (2010) |
Manhattan Beachwear is a provider of women’s swimwear and beachwear. The company supplies a portfolio of labels to large national department stores, mass merchants and specialty swimwear outlets. Proprietary brands include Maxine and 24th & Ocean. Licenses include Kenneth Cole Reaction and Kenneth Cole New York, Hermanny by Vix, Sofia by Vix, Hobie and Split. Manhattan Beachwear was founded in 1987 and is based in Cypress, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Apparel/Textiles) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2010) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| Size | Small |
| Type | Sector Focused |
NewCastle Partners is an independent investment firm focused on acquiring smaller middle-market companies in partnership with management. The Firm targets profitable, US-based businesses with defensible market positions. Prospective companies generally have at least $2 million in EBITDA and generate sales of $10 to $50 million. Sectors of interest include niche manufacturing and specialty distribution. Target transactions include recapitalizations, buyouts, growth capital financings, and consolidations. NewCastle was formed in 2001 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 16 |
| Sector (Apparel/Textiles) | 1 of 2 |
| Type (Add-on Acquisition) | 8 of 10 |
| State (California) | 3 of 3 |
| Country (United States) | 14 of 16 |
| Year (2010) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-12-18 |
Teledex
San Jose, California, United States Teledex LLC is a distributor of telephones and related equipment |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-11-01 |
Gear For Sports
Lenexa, Kansas, United States Gear For Sports, Inc. is a seller of licensed logo apparel in collegiate bookstores and other channels. |
Sell | $55M |
