M&A Deal Summary

Olivarius Hospitality California Acquires Coolibar

On July 14, 2016, Olivarius Hospitality California acquired apparel/textiles company Coolibar from LFE Capital and Aavin Equity Advisors

Acquisition Highlights
  • This is Olivarius Hospitality California’s 1st transaction in the Apparel/Textiles sector.
  • This is Olivarius Hospitality California’s 1st transaction in the United States.
  • This is Olivarius Hospitality California’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-07-14
Target Coolibar
Sector Apparel/Textiles
Buyer(s) Olivarius Hospitality California
Sellers(s) LFE Capital
Aavin Equity Advisors
Deal Type Add-on Acquisition
Advisor(s) Sonenshine Partners (Financial)
Dorsey & Whitney (Legal)

Target

Coolibar

Minneapolis, Minnesota, United States
Coolibar, Inc. is a designer and manufacturer of premium sun-protective clothing and accessories. The Company offers apparel for the entire family, focused on fitness, leisure, swimwear and accessories, that provide UPF 50+ protection from ultraviolet rays and is the first clothing company to earn The Skin Cancer Foundation's Seal of Recommendation.

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Buyer(S) 1

Buyer

Olivarius Hospitality California

Santa Barbara, California, United States

Category Company
Sector Business Services
DESCRIPTION

Olivarius Hospitality California LLC is a provider of business services.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER
DESCRIPTION

LFE Capital is a private equity firm that provides junior and buyout capital to middle-market companies located in the upper Midwest US. Sectors of interest include consumer products and services, health related products and services, and business services. LFE prefers established or emerging businesses with at least $5 million of annual revenue and $1 million of cash-flow. LFE has a special interest in businesses that are owned or led by women and businesses that target female consumers. The Firm will consider both control and minority positions. LFE Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 7 of 8
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Minnesota) 3 of 3
Country (United States) 7 of 8
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Portero

New York, New York, United States

Portero operates an online marketplace for preowned, authenticated luxury goods. The site offers the world’s most exclusive brand names in watches, jewelry, and accessories. Portero has developed strategic and product sourcing relationships with over 140 retailers, manufacturers and dealers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Avant Healthcare Professionals

Winter Park, Florida, United States

Avant Healthcare Professionals LLC is a provider of foreign trained nurses and physical therapists on contract assignments with U.S. hospitals. Avant Healthcare Professionals LLC was established in 2003 and is based in Winter Park , Florida.

Sell -
SELLER

Aavin Equity Advisors

Cedar Rapids, Iowa, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 275M USD
Size Small
Type Sector Agnostic
DESCRIPTION

AAVIN Private Equity is a private investment firm that targets investments in smaller companies at all stages of development from early stage to later stage/buyouts. AAVIN typically looks for opportunities located in the Midwest and typically commits $1 to $5 million of capital per transaction. Sectors of interest include medical services & devices, telecommunications, manufacturing & distribution, industrial products & services and computer & software. AAVIN was formed in 1999 and is based in Cedar Rapids, Iowa.


DEAL STATS #
Overall 9 of 13
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 7 of 9
State (Minnesota) 3 of 3
Country (United States) 9 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 America s Powersports

Allen, Texas, United States

America's Powersports is an operator of an auto dealer network for the power sports equipment manufacturers (“OEMs”), including Harley-Davidson, Honda, Yamaha, Kawasaki, Suzuki, Polaris, and Bombardier. America's Powersports was founded in 1998 and is based in Allen, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Verrex

Mountainside, New Jersey, United States

Verrex is a provider in designing, integrating, supporting, managing, and deploying audio-visual and unified communication systems and services that allow organizations to thrive within evolving workforces, environments, and work styles. Verrex was founded in 1947 and is based in Mountainside, New Jersey.

Buy -