M&A Deal Summary

JH Partners, Prism Capital and Centerfield Capital Partners Acquire Bell Automotive Products

On December 9, 2004, private equity firm JH Partners, mezzanine finance firm Prism Capital and mezzanine finance firm Centerfield Capital Partners acquired automotive company Bell Automotive Products from Brentwood Associates and Charlesbank Capital Partners for 60M USD

Acquisition Highlights
  • This is JH Partners’ 1st, Prism Capital’s 1st and Centerfield Capital Partners’ 1st transaction in the Automotive sector.
  • This is JH Partners’ 3rd, Prism Capital’s and Centerfield Capital Partners’ largest (disclosed) transaction.
  • This is JH Partners’ 8th, Prism Capital’s 8th and Centerfield Capital Partners’ 7th transaction in the United States.
  • This is JH Partners’ 1st, Prism Capital’s 1st and Centerfield Capital Partners’ 1st transaction in Arizona.
Investment Fate
  • Bell Automotive Products was sold to a strategic buyer in 2015.

M&A Deal Summary
Date 2004-12-09
Target Bell Automotive Products
Sector Automotive
Buyer(s) JH Partners
Prism Capital
Centerfield Capital Partners
Sellers(s) Brentwood Associates
Charlesbank Capital Partners
Deal Type Secondary Buyout
Deal Value 60M USD

Target

Bell Automotive Products

Scottsdale, Arizona, United States
Bell Automotive Products, Inc. is a supplier of automotive convenience accessories, which include air fresheners, drink holders, cargo racks, cell phone accessories, license plate frames, seat and steering wheel covers and other products.

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Buyer(S) 3

Buyer

JH Partners

San Francisco, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JH Partners LLC is a private equity firm. It typically invests in online direct marketing, business to business, online services, internet software and services, food products, beverages, consumer staples, advertising, media, consumer services. It seeks to invest between $10 and $300 million in revenues. JH Partners is a hands-on investor and desires to work closely with portfolio companies. JH Partners was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 9 of 26
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Arizona) 1 of 1
Country (United States) 8 of 21
Year (2004) 4 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Frette

Milan, Italy

Frette is a provider of Italian luxury linen and home furnishings business. Frette blends contemporary design with Italian craftsmanship to create exquisitely styled, handcrafted linens and textiles that are supplied to the world’s most prestigious hotels, restaurants, private homes, airlines, and ocean liners. Frette was founded in 1860 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-18 AmeriMark Direct

Cleveland, Ohio, United States

AmeriMark Direct is an e-commerce company, that offers women's apparel, name brand cosmetics and fragrances, jewelry, watches and accessories, and health-related merchandise. AmeriMark Direct was founded in 1969 and is based in Cleveland, Ohio.

Buy -
Buyer

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 8 of 24
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Arizona) 1 of 1
Country (United States) 8 of 24
Year (2004) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Violet Packing

Williamstown, New Jersey, United States

Violet Packing Co., is a regional processor of fresh packed tomato products, including pizza and spaghetti sauces, crushed tomatoes and whole tomatoes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-15 Hill & Valley

Rock Island, Illinois, United States

Hill & Valley, Inc. is a baker of sugar free and no-sugar added pies, cookies, and cakes.

Buy $30M
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 7 of 78
Sector (Automotive) 1 of 4
Type (Secondary Buyout) 1 of 6
State (Arizona) 1 of 1
Country (United States) 7 of 78
Year (2004) 3 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-04 Transolutions

Lake Bluff, Illinois, United States

Transolutions provides medical transcription services to acute care facilities, hospitals, clinics and surgery centers. Since its founding in 1994, Transolutions has become one of the largest transcription companies in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-16 Dedicated Transport

Cleveland, Ohio, United States

Dedicated Transport LLC specializes in the design, development, and execution of supply chain solutions and offers engineered transportation solutions.

Buy -

Seller(S) 2

SELLER

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.

DEAL STATS #
Overall 8 of 30
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 8
State (Arizona) 1 of 1
Country (United States) 8 of 28
Year (2004) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-05 Zumiez

Lynnwood, Washington, United States

Zumiez is an online retailer of action sports-related apparel, footwear, equipment and accessories. Zumiez caters to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX. Zumiez wasfounded in 1978 and is based in Lynnwood, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-22 Zumiez

Lynnwood, Washington, United States

Zumiez is an online retailer of action sports-related apparel, footwear, equipment and accessories. Zumiez caters to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX. Zumiez wasfounded in 1978 and is based in Lynnwood, Washington.

Sell -
SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 13 of 50
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 2 of 15
State (Arizona) 2 of 2
Country (United States) 11 of 46
Year (2004) 5 of 5
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Regency Gas Services

Dallas, Texas, United States

Regency Gas Services was led by a team of industry executives assembled by Charlesbank. The company purchased and operated 2,900 miles of natural gas gathering, processing and pipeline assets in Colorado, Kansas, Louisiana, Oklahoma and Texas

Sell $405M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-04 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

Buy -
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