M&A Deal Summary

Northlane Capital Partners Acquires The Potpourri Group

On June 21, 2005, private equity firm Northlane Capital Partners acquired retailer The Potpourri Group from Linsalata Capital Partners for 188M USD

Acquisition Highlights
  • This is Northlane Capital Partners’ 1st transaction in the Retail sector.
  • This is Northlane Capital Partners’ largest (disclosed) transaction.
  • This is Northlane Capital Partners’ 1st transaction in the United States.
  • This is Northlane Capital Partners’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2005-06-21
Target The Potpourri Group
Sector Retail
Buyer(s) Northlane Capital Partners
Sellers(s) Linsalata Capital Partners
Deal Type Secondary Buyout
Deal Value 188M USD
Advisor(s) Goldsmith Agio Helms (Financial)
Calfee, Halter & Griswold (Legal)

Target

The Potpourri Group

North Billerica, Massachusetts, United States
The Potpourri Group is a home/gift and knitting craft cataloger marketed under the titles of Potpourri, Expressions, The Stitchery, Counted Cross Stitch, and Back in the Saddle, Inc. The Potpourri Group was formed in 1963 and is based in North Billerica, Massachusetts.

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Buyer(S) 1

Buyer

Northlane Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Northlane Capital Partners is a private equity firm focused on acquiring mid-sized companies in the healthcare and business services sectors. The Firm looks to invest $25 to $150 million in profitable businesses valued up to $300 million. Northlane prefers companies with defensible market positions, recurring revenue business models, strong prospects for growth, and products with inelastic prices. Northlane Capital Partners was formed in 2014 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 1 of 15
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 6
State (Massachusetts) 1 of 1
Country (United States) 1 of 14
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Brandmuscle

Chicago, Illinois, United States

Brandmuscle is a local marketing software company that enables brands to own the local decision point by empowering their network of local distributors, dealers, franchisees and salespeople with everything they need to deliver brand-approved marketing tactics customized to local needs, tastes and other relevant differences that can affect the sale. Brandmuscle was founded in 2000 and based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.


DEAL STATS #
Overall 12 of 41
Sector (Retail) 1 of 2
Type (Secondary Buyout) 3 of 17
State (Massachusetts) 1 of 2
Country (United States) 12 of 41
Year (2005) 2 of 3
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-12 Eagle Window & Door

Dubuque, Iowa, United States

Eagle Window & Door, Inc. is a manufacturer of premium quality aluminum-clad wood windows and doors for high-end residential and commercial construction applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Transtar Industries

Cleveland, Ohio, United States

Transtar Industries is a distributor and remanufacturer of automotive aftermarket transmission repair parts and manufacturers of automotive refinishing products. Transtar Industries was founded in 1975 and is based in Cleveland, Ohio.

Buy -