M&A Deal Summary

Prospect Hill Growth Partners Acquires Outward Hound

On December 12, 2017, private equity firm Prospect Hill Growth Partners acquired consumer products company Outward Hound from The Riverside Company

Acquisition Highlights
  • This is Prospect Hill Growth Partners’ 4th transaction in the Consumer Products sector.
  • This is Prospect Hill Growth Partners’ 25th transaction in the United States.
  • This is Prospect Hill Growth Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2017-12-12
Target Outward Hound
Sector Consumer Products
Buyer(s) Prospect Hill Growth Partners
Sellers(s) The Riverside Company
Deal Type Secondary Buyout
Advisor(s) CapitalValue Advisors LLC (Financial)
Jones Day (Legal)

Target

Outward Hound

Centennial, Colorado, United States
Outward Hound is a designer, manufacturer, and distributor of stimulating toys, outdoor travel gear, feeding products, treats, scratchers, and innovative accessories under the Outward Hound, Petstages, Bionic, Nina Ottosson, Dublin Dog, Charming Pet, Wholesome Pride and Planet Dog brands. Outward Hound was founded in 2005 and is based in Centennial, Colorado.

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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 25 of 32
Sector (Consumer Products) 4 of 4
Type (Secondary Buyout) 12 of 15
State (Colorado) 1 of 1
Country (United States) 25 of 32
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 EbLens

Torrington, Connecticut, United States

EbLens is a lifestyle retailer of urban-inspired footwear, apparel and accessories. EbLens features regular releases of exclusive and limited-edition footwear as well as the most sought-after and hottest premium brands, including Nike, Jordan, adidas, Timberland, Polo, The North Face, Lacoste and Nautica, among others. Through a growing footprint of stores in key New England and New York markets, EbLens is emerging as a destination for consumers seeking on-trend fashion. EbLens was founded in 1949 and is based in Torrington, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Honors Holdings

Atlanta, Georgia, United States

Honors Holdings is a franchisee of Orangetheory Fitness with studio locations in Georgia, Tennessee, South Carolina, Oregon, Washington, and international locations in the United Kingdom. Honors Holdings is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 129 of 191
Sector (Consumer Products) 5 of 7
Type (Secondary Buyout) 51 of 77
State (Colorado) 3 of 5
Country (United States) 92 of 133
Year (2017) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Learning Seat Pty.

Melbourne, Australia

Learning Seat Pty. Ltd. is a provider of an online courses, training tools and eLearning resources are geared toward compliance, professional development and accredited training. Learning Seat also develops customized online courses for clients. Learning Seat was founded in 2000 and is based in Melbourne, Australia.

Sell $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 Alter Pharma

Anderlecht, Belgium

Alter Pharma distributes EU-sourced pharmaceutical products to wholesalers pharmacies and hospitals. It also develops and reformulates generic pharmaceuticals using GMP approved third-party manufacturers, and sells them internationally through partnerships.

Buy -
Mergr

Product

Company

Legal