M&A Deal Summary

Star Avenue Capital Acquires It sugar

On December 13, 2012, growth capital firm Star Avenue Capital acquired food company It sugar

Acquisition Highlights
  • This is Star Avenue Capital’s 1st transaction in the Food sector.
  • This is Star Avenue Capital’s 4th transaction in the United States.
  • This is Star Avenue Capital’s 1st transaction in Florida.

M&A Deal Summary
Date 2012-12-13
Target It sugar
Sector Food
Buyer(s) Star Avenue Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Lowenstein Sandler (Legal)

Target

It sugar

Deerfield Beach, Florida, United States
It'sugar is a provider of specialty candy and gift retailers in the world with over 50 retail locations and aggressive growth plans to continue expanding throughout the U.S. and worldwide. It'sugar was founded in 2006 and is based in Deerfield Beach, Florida.

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Buyer(S) 1

Buyer

Star Avenue Capital

New York, New York, United States
Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Star Avenue Capital is a growth equity firm focused on investments in branded consumer products and retail companies. The Firm looks to invest $15 to $25 million in companies with revenues greater than $20 million and at least $5 million of EBITDA. Specific areas on interest includes health/wellness, consumer durables, specialty retail, sporting goods, food/beverage, beauty/accessories, apparel/footwear, and pet related products. Star generally seeks minority positions. Star Avenue Capital was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Florida) 1 of 1
Country (United States) 4 of 4
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 J Brand

Los Angeles, California, United States

J Brand is a designer, marketer and manufacturer of premium denim products. The Company sells its products through high-end department stores and fashion boutiques throughout the United States, as well as internationally through exclusive distributors.

Sell -
Mergr

Product

Company

Legal