Investment Summary

San Francisco Equity Partners, Pacific Community Management, Simon Equity Partners and LMS Capital Exits Icu Eyewear

On February 8, 2023, 1847 Holdings invested in consumer products company Icu Eyewear from San Francisco Equity Partners, Pacific Community Management, Simon Equity Partners and LMS Capital

Investment Highlights
  • This is 1847 Holdings’ 1st transaction in the Consumer Products sector.
  • This is 1847 Holdings’ 1st transaction in the United States.
  • This is 1847 Holdings’ 1st transaction in California.
Investment Fate
  • Icu Eyewear was divested to a consortium of strategic buyers in 2024.

Investment Summary

Date 2023-02-08
Target Icu Eyewear
Sector Consumer Products
Investor(s) 1847 Holdings
Sellers(s) San Francisco Equity Partners
Pacific Community Management
Simon Equity Partners
LMS Capital
Deal Type Add-on Acquisition

Target

Icu Eyewear

Hollister, California, United States
Icu Eyewear is a designer and marketer of reading glasses, sunglasses and specialty eyewear. Icu Eyewear was founded in 1997 and is based in Hollister, California.

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Investor(S) 1

Investor

1847 Holdings

New York, New York, United States

Category Company
Founded 2013
Sector Diversified
DESCRIPTION

1847 Holdings is an acquisition holding company focused on acquiring and managing a group of small businesses. 1847 Holdings is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-13 Icu Eyewear

Hollister, California, United States

Icu Eyewear is a designer and marketer of reading glasses, sunglasses and specialty eyewear. Icu Eyewear was founded in 1997 and is based in Hollister, California.

Sell -

Seller(S) 4

SELLER

San Francisco Equity Partners

San Francisco, California, United States

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 180M USD
Size Small
Type Sector Focused
DESCRIPTION

San Francisco Equity Partners (SFEP) is a private equity investment firm focused on expansion-stage companies within the information technology, media, consumer, and service industries. SFEP's target investment size is $15 to $40 million in companies generating up to $100 million in annual sales. SFEP was formed in partnership with LMS Capital, the investment division of London Merchant Securities plc. San Francisco Equity Partners was established in 2005 and is based in San Francisco, California.


DEAL STATS #
Overall 6 of 6
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 3 of 3
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 Agility Retail Group

Mansfield, Massachusetts, United States

Agility Retail Group is a retail services company, providing a broad array of products including decor and graphics, custom fixtures and millwork, point-of-purchase displays, full store solutions, and stock fixtures and accessories to leading retail, grocery and foodservice brands and operators across North America. Agility Retail Group was founded in 1979 and is based in Mansfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Xceed

Roswell, Georgia, United States

Xceed is a brokerage platform focused exclusively on the foodservice ecosystem. Xceed provides sales and marketing services to food suppliers seeking to grow their business in the complex and localized networks of the foodservice space. Xceed is based in Roswell, Georgia.

Buy -
SELLER

Pacific Community Management

San Francisco, California, United States

Investor Investor


Category Growth Capital Firm
PE ASSETS 60M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pacific Community Management is a growth oriented investor focused on scalable, consumer facing companies. The Firm targets companies with strong revenue growth, substantial gross margins, defensible market positions and led by proven management teams. Pacific seeks to invest $1 to $4 million in companies with enterprise value of $5 to $50 million.Pacific Community Management was based in San Francisco, California.


DEAL STATS #
Overall 6 of 6
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 6 of 6
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 New Leaf Paper

San Francisco, California, United States

New Leaf Paper established itself as an industry leader in 1998 and continues to inspire through the success of its environmentally leading, and economically competitive, printing, office and consumer papers.

Sell -
SELLER

Simon Equity Partners

Larkspur, California, United States

Investor Investor


Category Growth Capital Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Simon Equity Partners LLC is a private equity firm focused on making growth capital investments in the consumer sector. The Firm looks to invest in profitable, growth-oriented companies with high-margin/differentiated products. Simon seeks investments of $2 to $10 million in businesses generating $5 to $20 million in sales. Specific areas of interest includes apparel, food and beverages, health and wellness, home care, hospitality, beauty & personal care, specialty retail, sustainability, restaurants, and food services. Simon Equity Partners LLC is the investment arm of Simon Property Group, the publicly traded real estate firm. Simon Equity Partners LLC is based in San Francisco, California.


DEAL STATS #
Overall 11 of 11
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 8 of 8
State: California M&A 8 of 8
Country: United States M&A 11 of 11
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Quri

San Francisco, California, United States

Quri Inc. is a provider of Web application that optimizes retail execution for brands by providing instant, store-level visibility of products, promotions, and the shoppers who interact with them. Quri Inc. was established in 2009 and is based in San Francisco, California.

Sell -
SELLER
DESCRIPTION

LMS Capital plc is a publicly-traded private equity investment company managed by Gresham House Asset Management (GHAM). The Firm focuses on direct investments in lower middle-market UK-based companies valued less than £50 million. Areas of interest include financial services, information technology, and consumer services. LMS Capital plc is based in London.


DEAL STATS #
Overall 7 of 7
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Entuity

Marlborough, Massachusetts, United States

Entuity, Inc. is a provider of holistic network management solutions and maximizes the technology investments of the enterprise, delivering ROI after only hours of deployment. Entuity's Eye of the Storm (EYE) offers the only comprehensive network management solution that provides the triple advantage of performance, availability and resource utilization through one sleek interface.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Castle View Retirement Living

Windsor, United Kingdom

Castle View Retirement Living is an independent retirement community for people aged 55 and over, located in Windsor, Berkshire. The development features self-contained, purpose-built apartments (available to buy or rent) and a range of communal amenities, including a bistro, bars, library, private dining room, and a rooftop Sky Lounge. Castle View Retirement Living is based in Windsor, United Kingdom.

Buy -