M&A Deal Summary

Marquee Brands Acquires Dakine

On December 5, 2018, Marquee Brands acquired consumer products company Dakine from Crystal Capital and Altamont Capital Partners

Acquisition Highlights
  • This is Marquee Brands’ 2nd transaction in the Consumer Products sector.
  • This is Marquee Brands’ 3rd transaction in the United States.
  • This is Marquee Brands’ 1st transaction in Oregon.

M&A Deal Summary
Date 2018-12-05
Target Dakine
Sector Consumer Products
Buyer(s) Marquee Brands
Sellers(s) Crystal Capital
Altamont Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Dakine

Hood River, Oregon, United States
Dakine is an outdoor sports and lifestyle brand offering backpacks, luggage, gloves and other technical accessories used by enthusiasts across multiple action sports segments such as ski/snowboarding, surfing, biking, and skating.

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Buyer(S) 1

Buyer

Marquee Brands

New York, New York, United States
Category Company
Founded 2014
Sector Business Services
DESCRIPTION

Marquee Brands is a consumer-centric brand licensing platform that owns the Intellectual Property of well-recognised global brands, including Martha Stewart, Emeril Lagasse, Sur La Table, Motherhood Maternity, A Pea in the Pod, Dakine, Body Glove, BCBG Max Azria, BCBGeneration, Ben Sherman and Bruno Magli. Marquee Brands was founded in 2014 and is based in New York.

DEAL STATS #
Overall 3 of 7
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Oregon) 1 of 1
Country (United States) 3 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Body Glove

Redondo Beach, California, United States

Body Glove LLC is a provider of treasured outdoor sports brands across global markets and a wide array of lifestyle product categories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Martha Stewart Living Omnimedia

New York, New York, United States

Martha Stewart Living Omnimedia, Inc. is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. Martha Stewart reaches approximately 100 million consumers across all media platforms each month and has a growing retail presence in thousands of retail locations.

Buy -

Seller(S) 2

SELLER

Crystal Capital

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crystal Capital is an affiliate of Crystal Financial Corporation, Crystal Capital is a private investment firm that provides debt and equity capital to middle-market companies. Crystal Capital does not have an industry preference in evaluating opportunities, but looks to provide a minimum of $1 million in equity (co-investment) or $10 million in junior capital per transaction. Target companies typically generate sales of at least $150 million and EBITDA of $15 million. Crystal Capital was formed in 2006 and is based in Boston, Massachusetts with additional offices in Los Angeles, California; Stamford, Connecticut; and Chicago, Illinois.

DEAL STATS #
Overall 17 of 20
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Oregon) 1 of 1
Country (United States) 17 of 20
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Bell and Howell

Durham, North Carolina, United States

Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a large U.S.-based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings.

Sell -
SELLER

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 9 of 16
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (Oregon) 1 of 1
Country (United States) 8 of 15
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 McLarens

Peachtree Corners, Georgia, United States

McLarens is a global insurance services provider with offices and operations strategically located around the world. With a focus on complex, commercial and niche markets, McLarens provides loss adjusting and claims management services, as well as auditing and pre-risk surveying. The company’s global footprint enables it to provide streamlined consistent service to global customers, while at the same time delivering local expertise and responsive service. McLarens was founded in 1931 and is based in Peachtree Corners, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Amplity Health

Yardley, Pennsylvania, United States

Amplity Health is a pharmaceutical contract commercial services organization which provides customized, live channel healthcare sales, service and clinical solutions for pharmaceutical, biotechnology, medical device, and diagnostics companies and offers these services through a range of brands including Publicis Touchpoint Solutions, PDI, Tardis Medical, Phrequency, and CustomPoint Recruiting. Amplity Health is based in Yardley, Pennsylvania.

Buy -
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