M&A Deal Summary

Randa Accessories Acquires Humphreys

On June 1, 2001, Randa Accessories acquired apparel/textiles company Humphreys from CIVC Partners

Acquisition Highlights
  • This is Randa Accessories’ 1st transaction in the Apparel/Textiles sector.
  • This is Randa Accessories’ 1st transaction in the United States.
  • This is Randa Accessories’ 1st transaction in Illinois.

M&A Deal Summary

Date 2001-06-01
Target Humphreys
Sector Apparel/Textiles
Buyer(s) Randa Accessories
Sellers(s) CIVC Partners
Deal Type Add-on Acquisition
Advisor(s) Farlie Turner Gilbert Investment Banking (Financial)

Target

Humphreys

Chicago, Illinois, United States
Humphreys was the market leader in domestic men's and boys' belt sales, held the Levi's and Dockers belt and accessories licenses, and enjoyed a strong position vis-à-vis its primary competitors.

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Buyer(S) 1

Buyer

Randa Accessories

New Yor, New York, United States

Category Company
Founded 1910
Sector Apparel/Textiles
DESCRIPTION

Randa Corp. is an men’s accessories company. Creating and marketing men's belts, small leather goods, neckwear, luggage, casual bags, jewelry, seasonal footwear, hats, gloves, scarves and gifts, Randa collaborates with 75 marquee brands.


DEAL STATS #
Overall 1 of 4
Sector: Apparel/Textiles M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2001 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-31 Badanco Enterprises

Totowa, New Jersey, United States

Badanco Enterprises, Inc., is a providers of premium-branded luggage to retailers in the U.S. The Company's product offering consists of a full line of designer luggage and accessories in a variety of brand names including Ralph Lauren/Polo Sport, Pierre Cardin, Diane Von Furstenberg, and Liz Claiborne. The Company also provides everyday luggage products under the Travel Gear, Frequent Traveler, Ventura, and Pegasus brand names.

Buy $90M

Seller(S) 1

SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 49
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 14
State: Illinois M&A 2 of 7
Country: United States M&A 14 of 48
Year: 2001 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 KBS

Oceanside, California, United States

KBS is a provider of integrated facilities management services, including outsourced janitorial cleaning and other services, to some of the largest retail and grocery customers in the United States. KBS was founded in 1967 and is based in Oceanside, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-02 PrimeCo Personal Communications

Itasca, Illinois, United States

PrimeCo Personal Communications LLC is a wireless telecommunication services provider.

Buy -