M&A Deal Summary

Onex Falcon Acquires GM Design Group

On September 1, 2004, mezzanine finance firm Onex Falcon acquired apparel/textiles company GM Design Group

Acquisition Highlights
  • This is Onex Falcon’s 1st transaction in the Apparel/Textiles sector.
  • This is Onex Falcon’s 8th transaction in the United States.
  • This is Onex Falcon’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2004-09-01
Target GM Design Group
Sector Apparel/Textiles
Buyer(s) Onex Falcon
Deal Type Buyout (LBO, MBO, MBI)

Target

GM Design Group

Edison, New Jersey, United States
GM Design Group ('GMDG') was a leading designer, marketer and manufacturer of better-to-bridge and contemporary, career and casual women?s clothing. The company was headquartered in Edison, NJ and had production and showroom facilities in New York City. It had built a strong reputation for providing quality garments focused on comfort and merchandised around numerous core fabrications designed to drape beautifully and travel well.

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Buyer(S) 1

Buyer

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 8 of 56
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 16
State (New Jersey) 1 of 1
Country (United States) 8 of 53
Year (2004) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Adventure Parks Group

Valdosta, Georgia, United States

Adventure Parks Group was a holding company with two operating entities, Wild Adventures and Cypress Gardens. Wild Adventures was a mid-sized regional amusement park and wildlife preserve in Valdosta, GA, and Cypress Gardens featured botanical gardens, water ski shows, a few small family rides, shopping boutiques and restaurants in Winter Haven, FL.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Bravo Sports

Santa Fe Springs, California, United States

Bravo Sports is a manufacturer of sporting goods and outdoor categories. Bravo provides branded consumer products such as scooters, skateboards, skates, and canopies to a blue-chip customer base across the mass merchants, sporting goods and big-box retailers. Bravo Sports was founded in 1965 and is based in Santa Fe Springs, California.

Buy -