M&A Deal Summary

SUMEC Textile & Light Industry Acquires Berkshire Blanket

On September 13, 2016, SUMEC Textile & Light Industry acquired apparel/textiles company Berkshire Blanket from Cordova Smart & Williams and Monroe Capital

Acquisition Highlights
  • This is SUMEC Textile & Light Industry’s 1st transaction in the Apparel/Textiles sector.
  • This is SUMEC Textile & Light Industry’s 1st transaction in the United States.
  • This is SUMEC Textile & Light Industry’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2016-09-13
Target Berkshire Blanket
Sector Apparel/Textiles
Buyer(s) SUMEC Textile & Light Industry
Sellers(s) Cordova Smart & Williams
Monroe Capital
Deal Type Add-on Acquisition
Advisor(s) TM Capital Corp. (Financial)
BakerHostetler (Legal)

Target

Berkshire Blanket

Ware, Massachusetts, United States
Berkshire Blanket is a designer, importer, and marketer of blankets and throws made from a wide variety of fabrics. The company’s brands include their proprietary Berkshire Blanket and Better Living brand names and the licensed Nautica and Liz Claiborne brand names.

Search 201,292 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

SUMEC Textile & Light Industry

Nanjing, China
Category Company
Sector Retail
DESCRIPTION

SUMEC Textile & Light Industry Co.,Ltd. is an exporter of textiles and garments to the European Union. SUMEC Textile Light Industry Co., Ltd., a subsidiary company of The SUMEC Group ("SUMEC").

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER

Cordova Smart & Williams

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Cordova, Smart & Williams (CSW) is a private equity investment firm specializing in buyouts, recapitalizations, and growth capital financings of middle-market companies. CSW was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 12 of 13
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Massachusetts) 2 of 2
Country (United States) 12 of 13
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-31 Sqwincher

Columbus, Mississippi, United States

Sqwincher is a provider of hydration solutions to a diverse and unique customer base in the industrial, home office delivery (“HOD”), military, foodservice, education, e-commerce and specialty retail channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Sprint Industrial

Houston, Texas, United States

Sprint Industrial is a provider of specialized industrial rental equipment and services to blue-chip customers in the petrochemical, chemical, and downstream energy industries. Sprint’s product lines include temporary liquid and solid storage tanks for maintenance projects, as well as safety products such as gas detection and breathing air systems to protect workers and employees during maintenance jobs. Sprint Industrial was formed in 2001 and is based in Houston, Texas.

Sell -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 13 of 53
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 9 of 27
State (Massachusetts) 1 of 4
Country (United States) 13 of 53
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Ashley Stewart

Secaucus, New Jersey, United States

Ashley Stewart is a global lifestyle brand for plus size women’s fashion. Ashley Stewart offers on-trend clothing and accessories through 89 retail stores across the country, a leading social media platform and a rapidly growing e-commerce platform. Ashley Stewart was founded in 1991 and is based in Secaucus, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 ProPharma Group

Overland Park, Kansas, United States

ProPharma Group is a provider of medical information, pharmacovigilance, and compliance consulting services for clients in the pharmaceutical, biotechnology, and medical device industries. The Company’s Medical Information service includes responding to inquiries from patients and healthcare professionals in over 30 languages from five contact centers located around the world. Its pharmacovigilance service includes processing of post-marketing and clinical adverse events, aggregate reporting, and signal detection. ProPharma Group also provides an array of Compliance Consulting services to help its clients meet regulatory requirements across the product life cycle. Consulting services include quality assurance, process validation, commissioning and qualification, technology transfer, program management, computer system validation, and other related services. ProPharma Group was formed in 2001 and is based in Overland Park, Kansas.

Buy -
Mergr

Product

Company

Legal