M&A Deal Summary

Nexus Capital Management Acquires TOMS

On December 27, 2019, private equity firm Nexus Capital Management acquired apparel/textiles company TOMS from Bain Capital Private Equity

Acquisition Highlights
  • This is Nexus Capital Management’s 1st transaction in the Apparel/Textiles sector.
  • This is Nexus Capital Management’s 4th transaction in the United States.
  • This is Nexus Capital Management’s 2nd transaction in California.

M&A Deal Summary

Date 2019-12-27
Target TOMS
Sector Apparel/Textiles
Buyer(s) Nexus Capital Management
Sellers(s) Bain Capital Private Equity
Deal Type Recapitalization

Target

TOMS

Culver City, California, United States
TOMS designs and sells lightweight shoes and other products worldwide. The company’s mission-driven business model is focused on helping and advancing health, education and economic opportunities for children and their communities around the world. TOMS was founded in 2006 and is based in Culver City, California.

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Buyer(S) 1

DESCRIPTION

Nexus Capital Management is an opportunistic debt and equity investment firm. Nexus looks to invest $50 to $300 million to support a variety of situations, including corporate partnerships, acquisitions, or liquidity financings. Sectors of interest include industrials, consumer, retail, food/beverages, services, education, and distribution. Nexus Capital Management was formed in 2013 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 4 of 12
Sector (Apparel/Textiles) 1 of 1
Type (Recapitalization) 1 of 1
State (California) 2 of 5
Country (United States) 4 of 12
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-23 FTD

Downers Grove, Illinois, United States

FTD provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes proFlowers, proplants, shari’s berries, personal creations, redEnvelope, cherry moon farms, flying flowers, flowers direct, sesame, ink cards, postagram, and Gifts.com. FTD was founded in 1910 and is based in Downers Grove, Illinois.

Buy $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Acosta

Jacksonville, Florida, United States

Acosta Sales & Marketing provides outsourced sales, marketing and merchandising services to manufacturers, suppliers, and producers of consumer packaged goods. Acosta was founded in 1927 and is based in Jacksonville, Florida.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 126 of 147
Sector (Apparel/Textiles) 6 of 6
Type (Recapitalization) 3 of 4
State (California) 12 of 13
Country (United States) 77 of 85
Year (2019) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 SevOne

Wilmington, Delaware, United States

SevOne, Inc. delivers comprehensive real-time IT infrastructure monitoring, troubleshooting and performance reporting solution. The company invented a proprietary, next-generation distributed technology, called the SevOne Cluster™, that combines the cutting edge principles behind peer-to-peer sharing and big data analytics to scale smoothly so that millions of IT elements, across all monitoring technologies, can be managed and provide a single view to the user. SevOne was formed in 2005 and is based in Wilmington, Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 J.M.Baxi

Mumbai, India

J.M.Baxi is a private terminal and inland transport service provider with operations comprising container terminals, a multi-purpose terminal, inland container depots, container freight stations, and additional logistics activities, such as rail service offerings across India. J.M.Baxi is based in Mumbai.

Buy -