M&A Deal Summary

Perpetual Capital Partners Acquires California Family Fitness

On January 6, 2016, private equity firm Perpetual Capital Partners acquired consumer services company California Family Fitness from Bunker Hill Capital

Acquisition Highlights
  • This is Perpetual Capital Partners’ 1st transaction in the Consumer Services sector.
  • This is Perpetual Capital Partners’ 1st transaction in the United States.
  • This is Perpetual Capital Partners’ 1st transaction in California.

M&A Deal Summary

Date 2016-01-06
Target California Family Fitness
Sector Consumer Services
Buyer(s) Perpetual Capital Partners
Sellers(s) Bunker Hill Capital
Deal Type Secondary Buyout

Target

California Family Fitness

Orangevale, California, United States
California Family Fitness ('CFF') is the market-owner and operator of fitness centers in the greater Sacramento, California area. CFF currently has 16 mid-to-large format club locations, each of which offers a selection of modern exercise equipment, swimming pools and basketball/racquetball courts as well as member services such as fitness class instruction, child care, tanning, sauna and steam rooms, and organized sports leagues.

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Buyer(S) 1

DESCRIPTION

Perpetual Capital Partners is a private investment firm focused on acquiring and making growth capital investments in growth-oriented, profitable, lower middle-market companies. The Firm seeks companies with $5 to $15 million of cash-flow and will consider opportunities in the consumer, retail, industrial, media, information services, financial services, and business services. Perpetual Capital Partners was formed in 2013 and is based in Arlington, Virginia.


DEAL STATS #
Overall 1 of 4
Sector (Consumer Services) 1 of 2
Type (Secondary Buyout) 1 of 4
State (California) 1 of 3
Country (United States) 1 of 4
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Garden Fresh

San Diego, California, United States

Garden Fresh offers a broad variety of fresh food alternatives in an all-you-care-to-eat format. Each day begins fresh at the more than 100 company-owned restaurants in 11 states. More than 300 million guests since 1978 have helped us be number one in fresh produce and salads, made-from-scratch soups, hot pastas, freshly baked breads and muffins, fresh fruit, desserts, and more. Guests have the freedom to create their own wholesome meal in a one-of-a-kind dining experience in a friendly atmosphere and all at an everyday value.

Buy -

Seller(S) 1

SELLER

Bunker Hill Capital

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bunker Hill Capital is a private equity firm that makes control investments in profitable, lower middle-market companies with EBITDA of $3 to $15 million. Bunker Hill looks for fundamentally sound businesses with defensible market positions, but at an 'inflection' point in its growth cycle. Sectors of interest include business services, industrial, retail, and consumer products and services. Bunker Hill Capital was formed in 2003 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 3 of 7
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 5
State (California) 2 of 3
Country (United States) 3 of 7
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 ImportLA

Baldwin Park, California, United States

ImportLA, Inc. (dba TATSoul) is a designer, manufacturer, distributor, and marketer of furniture, equipment, and supplies serving the tattoo, pet grooming, and spa/salon markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-21 Smith & Wollensky

Boston, Massachusetts, United States

The Smith & Wollensky Restaurant Group is an operator of high-end, high-volume steakhouses located in major cities across the United States. Smith & Wollensky is one of the few national steakhouses that dry-ages and hand-butchers USDA Prime beef on premise to ensure unparalleled quality, tender texture and outstanding flavor. Smith & Wollensky is based in Boston, Massachusetts.

Sell -