M&A Deal Summary

Mill Road Capital Acquires Skullcandy

On August 24, 2016, private equity firm Mill Road Capital acquired electronics company Skullcandy for 197M USD

Acquisition Highlights
  • This is Mill Road Capital’s 1st transaction in the Electronics sector.
  • This is Mill Road Capital’s 2nd largest (disclosed) transaction.
  • This is Mill Road Capital’s 8th transaction in the United States.
  • This is Mill Road Capital’s 1st transaction in Utah.

M&A Deal Summary
Date 2016-08-24
Target Skullcandy
Sector Electronics
Buyer(s) Mill Road Capital
Deal Type Going Private
Deal Value 197M USD
Advisor(s) Solomon Partners (Financial)
Latham & Watkins (Legal)

Target

Skullcandy

Park City, Utah, United States
Skullcandy develops, manufactures, and markets wireless and wired headphones and gaming headsets under the Skullcandy and Astro Gaming brands. Skullcandy was founded in 2003 and is based in Park City, Utah.

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Buyer(S) 1

Buyer

Mill Road Capital

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Mill Road Capital is a private investment firm focused on partnering with publicly traded micro-cap companies in the US and Canada. The Firm pursues a variety of strategies including open market share purchases, block trades, acquisition financing, growth financing, mezzanine financing, as well as sponsoring take privates. Sectors of interest include retail, manufacturing, business services, and consumer products. Mill Road was formed in 2004 by former Blackstone professionals. The Firm is based in Greenwich, Connecticut.

DEAL STATS #
Overall 10 of 14
Sector (Electronics) 1 of 1
Type (Going Private) 5 of 5
State (Utah) 1 of 1
Country (United States) 8 of 11
Year (2016) 2 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Mother s Market & Kitchen

Costa Mesa, California, United States

Mother's Market & Kitchen is the organic and natural grocery segment with seven retail stores spread throughout Orange County, California. Mother's Market & Kitchen carries a wide selection of organic and natural products, specialized and knowledgeable customer service, and a comprehensive offering of vitamins, minerals, and supplements. Mother's Market & Kitchen was founded in 1978 and is based in Costa Mesa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Swiss Water

Delta, British Columbia, Canada

Swiss Water is the only chemical-free, water process decaffeinator in North America. The company's Swiss Water brand features a certified organic process to naturally decaffeinate coffee. Swiss Water is based in Delta, British Columbia.

Buy -
Mergr

Product

Company

Legal