M&A Deal Summary

Savers Acquires Apogee Retail

On March 4, 2011, Savers acquired retailer Apogee Retail from Golden Gate Capital

Acquisition Highlights
  • This is Savers’ 1st transaction in the Retail sector.
  • This is Savers’ 1st transaction in the United States.
  • This is Savers’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2011-03-04
Target Apogee Retail
Sector Retail
Buyer(s) Savers
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition

Target

Apogee Retail

Little Canada, Minnesota, United States
Apogee Retail LLC is a regional specialty retailer.

Search 201,157 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Savers

Bellevue, Washington, United States

Category Company
Founded 1954
Sector Retail
Employees17,000
DESCRIPTION
Savers retail store in Duluth, Minnesota.
Savers retail store in Duluth, Minnesota.

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.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 24 of 84
Sector (Retail) 5 of 11
Type (Add-on Acquisition) 11 of 39
State (Minnesota) 1 of 1
Country (United States) 21 of 76
Year (2011) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-24 Conexant Systems

Newport Beach, California, United States

Conexant Systems, Inc. is a provider of semiconductor devices for imaging (fax machines and printers) and embedded modem (point-of-sale terminals and set-top-boxes) applications. Conexant’s innovative new product portfolio also includes high-fidelity audio and video surveillance end-markets which leverage its core expertise in analog and mixed-signal design and firmware development. The company is headquartered in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Community Choice Financial

Dublin, Ohio, United States

Community Choice Financial focuses on serving the growing market of unbanked and underbanked consumers, many of whom seek alternatives to traditional banking relationships in order to gain convenient and immediate access to cash. Products include check cashing, short-term consumer loans (“payroll advance”), wire transfers and bill payment services. CCFI is headquarterd in Dublin, OH and currently operates 433 stores across 14 states.

Buy -