M&A Deal Summary

Patriarch Partners Acquires Croscill

On November 13, 2008, private equity firm Patriarch Partners acquired apparel/textiles company Croscill

Acquisition Highlights
  • This is Patriarch Partners’ 3rd transaction in the Apparel/Textiles sector.
  • This is Patriarch Partners’ 10th transaction in the United States.
  • This is Patriarch Partners’ 2nd transaction in New York.

M&A Deal Summary
Date 2008-11-13
Target Croscill
Sector Apparel/Textiles
Buyer(s) Patriarch Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Sagent Advisors LLC (Financial)

Target

Croscill

New York, New York, United States
Croscill is a home fashions brand which sells bedding products, bath accessories, soft window coverings, window hardware, rugs, and decorative table linens. Croscill was formed in 1946 and is based in New York City.

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Buyer(S) 1

Buyer

Patriarch Partners

New York, New York, United States

Investor

Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 10 of 20
Sector (Apparel/Textiles) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 12
State (New York) 2 of 4
Country (United States) 10 of 20
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Old Town Fuel & Fiber

Old Town, Maine, United States

Old Town Fuel & Fiber (OTFF) is a century-old leader in value-added pulp manufacturing. The Company operates from its historic facility on the banks of the Penobscot River in Old Town, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 Netversant

Houston, Texas, United States

NetVersant is a provider of communication and networking solutions to enterprises of all sizes across the nation. Experienced teams of certified experts, manage the technology that allows enterprises to communicate and collaborate anytime, anywhere and deliver the intelligent infrastructure that ensures operational efficiency and real time sharing of information. Netversant is based in Houston, Texas.

Buy -
Mergr

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