M&A Deal Summary

Prospect Hill Growth Partners Acquires Esselte

On July 12, 2002, private equity firm Prospect Hill Growth Partners acquired consumer products company Esselte for 550M USD

Acquisition Highlights
  • This is Prospect Hill Growth Partners’ 2nd transaction in the Consumer Products sector.
  • This is Prospect Hill Growth Partners’ largest (disclosed) transaction.
  • This is Prospect Hill Growth Partners’ 6th transaction in the United States.
  • This is Prospect Hill Growth Partners’ 1st transaction in Connecticut.
Investment Fate
  • Esselte was sold to a publicly-traded strategic buyer in 2016 for 333M USD.

M&A Deal Summary
Date 2002-07-12
Target Esselte
Sector Consumer Products
Buyer(s) Prospect Hill Growth Partners
Deal Type Going Private
Deal Value 550M USD

Target

Esselte

Stamford, Connecticut, United States
Esselte Corp. is a manufacturer and marketer of office and consumer products. It takes products to market under the Leitz, Rapid and Esselte brands in the storage and organization, stapling and punch, business machines and do-it-yourself tools product categories.

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Buyer(S) 1

Buyer

Prospect Hill Growth Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.

DEAL STATS #
Overall 6 of 32
Sector (Consumer Products) 2 of 4
Type (Going Private) 1 of 2
State (Connecticut) 1 of 2
Country (United States) 6 of 32
Year (2002) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-13 Quality Stores

Muskegon, Michigan, United States

Quality Stores, Inc. operated as an agricultural specialty retailer in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-19 Ross University

North Brunswick, New Jersey, United States

Ross University is a provider of medical and veterinary education, offering doctor of medicine (M.D.) and doctor of veterinary medicine (D.V.M.) degrees.

Sell $310M
Mergr

Product

Company

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