M&A Deal Summary

Promus Equity Partners and Avante Capital Partners Acquire Rifle Paper

On December 1, 2021, private equity firm Promus Equity Partners and mezzanine finance firm Avante Capital Partners acquired retailer Rifle Paper

Acquisition Highlights
  • This is Promus Equity Partners’ 3rd and Avante Capital Partners’ 1st transaction in the Retail sector.
  • This is Promus Equity Partners’ 26th and Avante Capital Partners’ 37th transaction in the United States.
  • This is Promus Equity Partners’ 2nd and Avante Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2021-12-01
Target Rifle Paper
Sector Retail
Buyer(s) Promus Equity Partners
Avante Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Rifle Paper

Winter Park, Florida, United States
Rifle Paper is a designer and provider of lifestyle, home and stationary consumer products. Rifle Paper was founded in 2009 and is based in Winter Park, Florida.

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Buyer(S) 2

Buyer

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 27 of 27
Sector: Retail M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 12
State: Florida M&A 2 of 2
Country: United States M&A 26 of 26
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Caputo Cheese

Melrose Park, Illinois, United States

Caputo Cheese is a manufacturer of the dairy products, crafts, processes, and blends high-quality cheeses. Caputo Cheese was founded year 1978 and is based in Melrose Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Clarion

Milford, Pennsylvania, United States

Clarion is a provider of standards-based visual safety labels and signs that support original equipment manufacturers, facility owners, and employers in reducing risk and protecting workers. It serves thousands of customers across the world in a large and diverse set of industries. Customers rely on Clarion’s expertise to help them navigate applicable regulatory and safety standards related to risk communication, resulting in the implementation of tailored systems of risk reduction. Clarion Safety Systems was established in 1989 and is based in Milford, Pennsylvania.

Sell -
Buyer

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 37 of 50
Sector: Retail M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 17
State: Florida M&A 2 of 3
Country: United States M&A 37 of 50
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-19 Genius

Miramar, Florida, United States

Genius provides student information system (SIS) solutions that include software, database and customization services for online learning platforms such as the K-12 and corporate training markets. Genius was formed in 2009 and is headquartered in Miramar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 ACIS Innovative Solutions

McKinney, Texas, United States

ACIS Innovative Solutions is a provider of HVAC and plumbing maintenance services, including equipment design and replacement, vibration and oil analysis, retrofits and building automation. ACIS Innovative Solutions was founded in 2002 and is based in McKinney, Texas.

Sell -