M&A Deal Summary

Granite Bridge Partners and Palisades Associates Acquire Riviera Trading

On January 1, 2004, private equity firm Granite Bridge Partners and merchant bank Palisades Associates acquired consumer products company Riviera Trading

Acquisition Highlights
  • This is Granite Bridge Partners’ 1st and Palisades Associates’ 1st transaction in the Consumer Products sector.
  • This is Granite Bridge Partners’ 1st and Palisades Associates’ 1st transaction in New York.
Investment Fate
  • Riviera Trading was sold to a strategic buyer in 2005 for 30M USD.

M&A Deal Summary

Date 2004-01-01
Target Riviera Trading
Sector Consumer Products
Buyer(s) Granite Bridge Partners
Palisades Associates
Deal Type Buyout (LBO, MBO, MBI)

Target

Riviera Trading

New York, New York,
Riviera Trading, Inc. is an importer of sunglasses, hats, and accessories sold under licensed brand names such as Nine West, Ocean Pacific and Speedo.

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Buyer(S) 2

Buyer

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 3 of 18
Sector: Consumer Products M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 11
State: New York M&A 1 of 2
Country: M&A 1 of 1
Year: 2004 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-01 Mitchell Gold + Bob Williams

Taylorsville, North Carolina, United States

Mitchell Gold + Bob Williams is a manufacturer of high-quality furniture in the U.S. The company's innovative and stylish products are sold in many of the country's specialty home furnishings retailers, catalog retailers, and the company's signature stores. Mitchell Gold + Bob Williams was founded in 1989 and is based in Taylorsville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-01 American Higher Education Development

New Hope, Pennsylvania, United States

American Higher Education Development operates post-secondary educational institutions. AHED is a platform company to acquire and manage post-secondary, degree- and certificate-granting educational institutions. American Higher Education Development was formed in 1998 and is based in New Hope, Pennsylvania.

Buy -
DESCRIPTION

Palisades Associates is a private investment group and merchant bank focused on special situations. Palisades looks to acquire controlling stakes and pursues businesses generating $50 to $500 million in revenue. The Firm is sector agnostic and seeks 'friendly' situations. Palisades has offices in Bethesda, Maryland and Redwood City, California.


DEAL STATS #
Overall 4 of 4
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: New York M&A 1 of 1
Country: M&A 1 of 1
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Empire Kosher Poultry

Mifflintown, Pennsylvania, United States

Empire Kosher Poultry, Inc. is a provider of kosher poultry processor products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-10 Riviera Trading

New York, New York,

Riviera Trading, Inc. is an importer of sunglasses, hats, and accessories sold under licensed brand names such as Nine West, Ocean Pacific and Speedo.

Sell $30M