M&A Deal Summary

Providence Apparel Acquires Gerber Childrenswear

On October 17, 2013, Providence Apparel acquired consumer products company Gerber Childrenswear from Sun Capital Partners

Acquisition Highlights
  • This is Providence Apparel’s 1st transaction in the Consumer Products sector.
  • This is Providence Apparel’s 1st transaction in the United States.
  • This is Providence Apparel’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2013-10-17
Target Gerber Childrenswear
Sector Consumer Products
Buyer(s) Providence Apparel
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

Gerber Childrenswear

Greenville, South Carolina, United States
Gerber Childrenswear is a leading marketer of children's apparel and related products, which it offers under its flagship licensed brand, Gerber, and the Onesies brand one-piece underwear distributing to the mass and national chains in addition to the Jockey for kids and Lamaze brands with distribution in the national, department and specialty store channels.

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Buyer(S) 1

Buyer

Providence Apparel

National City, California, United States
Category Company
Sector Apparel/Textiles
DESCRIPTION

Providence Apparel Inc. provides T-shirts and hats for men and women.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 51 of 127
Sector (Consumer Products) 5 of 8
Type (Add-on Acquisition) 19 of 53
State (South Carolina) 1 of 1
Country (United States) 37 of 88
Year (2013) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-18 Bonmarche

Wakefield, United Kingdom

Bonmarche Ltd. is a women’s only value retailer focused on selling affordable, quality womenswear in a wide range of sizes to women over 45 years old. Ranges include casual and formal separates, outerwear, swimwear, lingerie, nightwear and accessories.

Sell -
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