M&A Deal Summary

Steve Madden Acquires Betsey Johnson

On October 8, 2010, Steve Madden acquired apparel/textiles company Betsey Johnson from Castanea Partners

Acquisition Highlights
  • This is Steve Madden’s 2nd transaction in the Apparel/Textiles sector.
  • This is Steve Madden’s 2nd transaction in the United States.
  • This is Steve Madden’s 1st transaction in California.
Investment Fate
  • Betsey Johnson went bankrupt in 2012.

M&A Deal Summary

Date 2010-10-08
Target Betsey Johnson
Sector Apparel/Textiles
Buyer(s) Steve Madden
Sellers(s) Castanea Partners
Deal Type Add-on Acquisition

Target

Betsey Johnson

Rancho Dominguez, California, United States
Betsey Johnson is a premier designer, marketer, retailer and wholesaler of women's contemporary apparel, accessories and related products under the Betsey Johnson brand. Betsey Johnson markets its products primarily through 48 company owned retail stores, as well as through over 600 specialty boutiques and better department stores (including Bloomingdale's, Macy's, Neiman Marcus, and Nordstrom). The Company also licenses, under the Betsey Johnson brand, a portfolio of contemporary merchandise, including: handbags, footwear, lingerie, and fragrances.

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Buyer(S) 1

Buyer

Steve Madden

Long Island City, New York, United States

Category Company
Founded 1990
Sector Apparel/Textiles
Employees3,500
Revenue 2.3B USD (2024)
DESCRIPTION

Steve Madden is a designer and marketer of the company's trendsetting shoes. Steven Madden was founded in 1990 and is based in Long Island City, New York.


DEAL STATS #
Overall 2 of 11
Sector: Apparel/Textiles M&A 2 of 10
Type: Add-on Acquisition M&A Deals 2 of 10
State: California M&A 1 of 1
Country: United States M&A 2 of 9
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-11 Big Buddha

New York, New York, United States

Big Buddha, Inc. is a designs and markets fashion-forward, eco-friendly, casual handbags made using rich high quality materials. The product line is offered in an assortment of fashion colors with fun and functional designs.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-23 The Topline

Bellevue, Washington, United States

The Topline Corporation (“Topline”), is a designer, producer, and marketer of private label and branded footwear.

Buy $55M

Seller(S) 1

SELLER

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 8 of 24
Sector: Apparel/Textiles M&A 2 of 5
Type: Add-on Acquisition M&A Deals 5 of 13
State: California M&A 1 of 4
Country: United States M&A 8 of 24
Year: 2010 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-13 Integrity Interactive

Waltham, Massachusetts, United States

Integrity is a technology-powered, data-driven company that helps global corporations measure, manage, and mitigate the risk of compliance failures and attention-grabbing scandals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-17 Donald J Pliner of Florida

New York, New York, United States

Donald J Pliner is a designer and marketer of women’s and men’s luxury footwear. The Company sells its products through over 400 specialty and upscale department stores, company-owned retail stores, and online at donaldjpliner.com. Donald J Pliner of Florida was founded in 1989 and is based in New York City.

Buy -