M&A Deal Summary

Nova Capital Management and HarbourVest Partners Acquire Bulldog Hardware

On September 11, 2013, secondary investor Nova Capital Management and private equity firm HarbourVest Partners acquired manufacturer Bulldog Hardware from Newell Brands for 214M USD

Acquisition Highlights
  • This is Nova Capital Management’s 5th and HarbourVest Partners’ 3rd transaction in the Manufacturing sector.
  • This is Nova Capital Management’s and HarbourVest Partners’ 55th largest (disclosed) transaction.
  • This is Nova Capital Management’s 11th and HarbourVest Partners’ 73rd transaction in the United States.
  • This is Nova Capital Management’s 2nd and HarbourVest Partners’ 1st transaction in Wisconsin.
Investment Fate
  • Bulldog Hardware merged with another company in 2018.

M&A Deal Summary

Date 2013-09-11
Target Bulldog Hardware
Sector Manufacturing
Buyer(s) Nova Capital Management
HarbourVest Partners
Sellers(s) Newell Brands
Deal Type Divestiture
Deal Value 214M USD

Target

Bulldog Hardware

Waukesha, Wisconsin, United States
Bulldog Hardware develops fastening and hanging hardware. The product offering includes picture hanging accessories, anchors and specialty fasteners, basic home-improvement hardware such as nuts, bolts and screws and organizational tools for the home. Bulldog Hardware is based in Waukesha, Wisconsin.

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Buyer(S) 2

Buyer

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.


DEAL STATS #
Overall 38 of 42
Sector (Manufacturing) 5 of 6
Type (Divestiture) 7 of 7
State (Wisconsin) 2 of 2
Country (United States) 11 of 14
Year (2013) 3 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-09 Amerock

Columbia, Maryland, United States

Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Ashland Hardware Systems

Irving, Texas, United States

Ashland Hardware Systems, Inc. is a provider of residential window and door hardware to the fenestration industry. Company supply hardware to hundreds of wood and vinyl window/door fabricators throughout North America, including virtually all nationally recognized brands.

Buy -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 119 of 223
Sector (Manufacturing) 3 of 3
Type (Divestiture) 8 of 13
State (Wisconsin) 1 of 1
Country (United States) 73 of 134
Year (2013) 10 of 11
Size (of disclosed) 55 of 68
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Roland Foods

New York, New York, United States

Roland Foods is an importer and supplier of specialty foods with a focus on shelf-stable products. Roland Foods was founded in 1934 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Skylark

Musashino, Japan

Skylark is a family restaurant operator in Japan, with some 4,400 outlets. Skylark's restaurant brands are highly recognized throughout Japan although relatively unknown overseas. Skylark was founded in 1962 and is based in Musashino, Japan.

Sell -

Seller(S) 1

SELLER

Newell Brands

Atlanta, Georgia, United States

Category Company
Founded 1903
Sector Consumer Products
Employees24,600
Revenue 8.1B USD (2023)
DESCRIPTION
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.

Newell Brands is a marketer of consumer and commercial products. The Company's portfolio of leading brands include Rubbermaid, Sharpie, Graco, Calphalon, Irwin, Lenox, Levolor, Paper Mate, Dymo, Waterman, Parker, Goody, Rubbermaid Commercial Products and Aprica. Newell Brands was formerly known as Newell Rubbermaid. Newell Brands was founded in 1903 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 9 of 21
Sector (Manufacturing) 2 of 2
Type (Divestiture) 8 of 20
State (Wisconsin) 2 of 2
Country (United States) 8 of 20
Year (2013) 4 of 4
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-09 Amerock

Columbia, Maryland, United States

Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Ignite USA

Chicago, Illinois, United States

Ignite USA LLC dba Contigo is a provider and recognized innovator in two of the fastest growing segments of the housewares industry: reusable, environmentally friendly thermal mugs and hydration bottles.

Buy $308M