M&A Deal Summary

Pitman Acquires Charrette

On July 11, 2006, Pitman acquired consumer products company Charrette from Jefferies Capital Partners for 107M USD

Acquisition Highlights
  • This is Pitman’s 1st transaction in the Consumer Products sector.
  • This is Pitman’s largest (disclosed) transaction.
  • This is Pitman’s 1st transaction in the United States.
  • This is Pitman’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2006-07-11
Target Charrette
Sector Consumer Products
Buyer(s) Pitman
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

Charrette

Woburn, Massachusetts, United States
Provider of traditional and digital products and reprographic services to the professional design marketplace.

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Buyer(S) 1

Buyer

Pitman

Totowa, New Jersey, United States

Category Company
Sector Business Services
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Jefferies Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.


DEAL STATS #
Overall 15 of 28
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 8 of 17
State (Massachusetts) 4 of 4
Country (United States) 14 of 27
Year (2006) 3 of 7
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 New Century Transportation

Westampton, New Jersey, United States

New Century Transportation Inc. - is a motor carrier that transports truckload and less-than-truckload shipments throughout the northeastern and mid-western United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-12 Xperience Restaurant Group

Cypress, California, United States

Xperience Restaurant Group is an operator of casual and fine dining brands. The Company operates four primary concepts, El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco, offering a variety of traditional, innovative and authentic Mexican dishes. Xperience Restaurant Group was founded in 1954and is based in Cypress, California.

Sell -