Investment Summary

Freeman Spogli, RSTW Partners and Capital Point Partners Exits Mattress Giant

On May 2, 2012, Mattress Firm invested in retailer Mattress Giant from Freeman Spogli, RSTW Partners and Capital Point Partners

Investment Highlights
  • This is Mattress Firm’s 1st transaction in the Retail sector.
  • This is Mattress Firm’s 1st transaction in the United States.
  • This is Mattress Firm’s 1st transaction in Texas.

Investment Summary

Date 2012-05-02
Target Mattress Giant
Sector Retail
Investor(s) Mattress Firm
Sellers(s) Freeman Spogli
RSTW Partners
Capital Point Partners
Deal Type Add-on Acquisition

Target

Mattress Giant

Addison, Texas, United States
Mattress Giant Corp. is a specialty retailer of bedding products to markets across the eastern half of the U.S.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Mattress Firm

Houston, Texas, United States

Category Company
Founded 1986
Sector Retail
Employees6,900
Revenue 2.5B USD (2016)
DESCRIPTION
Mattress Firm's flagship store in Houston, Texas.
Mattress Firm's flagship store in Houston, Texas.

Mattress Firm is multi-brand mattress retailer. Mattress Firm brands include Mattress Firm, Sleepy's and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products. Mattress Firm was formed in 1886 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 6
Sector: Retail M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 6
State: Texas M&A 1 of 2
Country: United States M&A 1 of 6
Year: 2012 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Sleep Experts Partners

Carrollton, Texas, United States

Sleep Experts Partners LP operates as a mattress specialty retailer.

Buy -

Seller(S) 3

SELLER

Freeman Spogli

Los Angeles, California, United States

Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


DEAL STATS #
Overall 13 of 25
Sector: Retail M&A 7 of 12
Type: Add-on Acquisition M&A Deals 4 of 8
State: Texas M&A 2 of 3
Country: United States M&A 12 of 24
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-23 First Watch

Bradenton, Florida, United States

First Watch operates full-service daytime cafés under the First Watch and The Egg & I brands. The restaurants serve breakfast, brunch, and lunch from 7 a.m. to 2:30 p.m., seven days a week. The company provides customers a unique farm-to-table experience through a variety of healthy, traditional, and indulgent offerings, with a focus on fresh ingredients and outstanding service. First Watch was founded in 1983 and is based in Bradenton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

Sell $1.6B
SELLER

RSTW Partners


Category Private Equity Firm
Founded 1989
PE ASSETS 750M USD
Size Large
Type Sector Agnostic
DESCRIPTION

RSTW Partners is a private investment firm focused primarily on providing subordinated debt financing to middle-market companies throughout the continental US. RSTW will consider opportunities in a variety of industries and looks to invest $10 to $30 million per transaction. Prospective companies typically have revenues of $25 million andn operating income of $2.5 million. RSTW will not invest in start-ups, turnarounds, financial services, real estate, or oil/gas exploration. RSTW was formed in 1989 and is based in Houston, Texas.


DEAL STATS #
Overall 10 of 11
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 9 of 10
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-19 Protocol Global Solutions

Sarasota, Florida, United States

Protocol Global Solutions, Inc. is a leading provider of electronic customer relationship management (CRM)services, providing a full suite of CRM services. Protocol enables its clients to identify, acquire and retain their customers, thereby increasing their revenue, customer base and market share. Protocol designs and implements comprehensive solutions that utilize the Internet and other communication channels to provide high value-added services that address all the eCRM needs of its clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-14 Tidewater

Vancouver, Washington, United States

Tidewater is an operator of a multi-commodity transportation and terminal company serving the diverse and evolving transportation needs of the Pacific Northwest. Tidewater is an essential infrastructure provider with high barriers to entry due to permitting, scale requirements, and regulatory barriers. Tidewater was founded in 1932 and is based in Vancouver, Washington.

Sell -
SELLER

Capital Point Partners

Houston, Texas, United States

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Capital Point Partners (CPP) is an independently owned investment management firm providing mezzanine capital to middle-market companies throughout the US. CPP supports a wide variety of transaction types, including buyouts, recapitalizations and refinancings, mergers and acquisitions and growth or expansion situations. CPP invests junior capital nationwide in companies owned by established equity sponsor groups, companies with fundless sponsor involvement, and also directly with strong management team shareholders in non-sponsored companies. The Firm's target investment size is $5 to $20 million. CPP will not invest in real estate or oil/gas exploration. Capital Point Partners is based in Houston, Texas.


DEAL STATS #
Overall 4 of 7
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Texas M&A 1 of 2
Country: United States M&A 4 of 7
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Jones Industrial Holdings

Deer Park, Texas, United States

Jones Industrial Holdings, Inc. offers field services to petrochemical and power generation industries. The company was formerly known as United Industrial Services, Inc.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Big Lake Services

Midland, Texas, United States

Big Lake Services operates a fleet of workover rigs in the well servicing segment of the oilfield industry. Based in Midland and Big Lake, Texas, BLS operates in oil and gas fields in west Texas and southern New Mexico.

Sell -