M&A Deal Summary

Swander Pace Capital Acquires Bravo Sports

On July 1, 2006, private equity firm Swander Pace Capital acquired consumer products company Bravo Sports from Onex Falcon

Acquisition Highlights
  • This is Swander Pace Capital’s 3rd transaction in the Consumer Products sector.
  • This is Swander Pace Capital’s 17th transaction in the United States.
  • This is Swander Pace Capital’s 5th transaction in California.
Investment Fate
  • Bravo Sports was sold to a consortium of financial buyers in 2015.

M&A Deal Summary

Date 2006-07-01
Target Bravo Sports
Sector Consumer Products
Buyer(s) Swander Pace Capital
Sellers(s) Onex Falcon
Deal Type Secondary Buyout

Target

Bravo Sports

Santa Fe Springs, California, United States
Bravo Sports is a manufacturer of sporting goods and outdoor categories. Bravo provides branded consumer products such as scooters, skateboards, skates, and canopies to a blue-chip customer base across the mass merchants, sporting goods and big-box retailers. Bravo Sports was founded in 1965 and is based in Santa Fe Springs, California.

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Buyer(S) 1

Buyer

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.


DEAL STATS #
Overall 18 of 52
Sector: Consumer Products M&A 3 of 16
Type: Secondary Buyout M&A Deals 2 of 6
State: California M&A 5 of 13
Country: United States M&A 17 of 42
Year: 2006 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Good Source Solutions

Carlsbad, California, United States

Good Source Solutions is a specialized food distributor with sophisticated procurement and logistical capabilities, serving a wide spectrum of value-focused end markets through a national network of facilities. Good Source’s products focus on center-of-plate with an offering that includes poultry, meats, pasta, fruits, vegetables, bakery items, beverages, appetizers, sides, and snacks. Good Source Solutions was founded in 1989 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-10 Answer Products

Mequon, Wisconsin, United States

Answer Products, Inc. is a manufacturer and marketer of bicycle suspension components and accessories sold under the Manitou brandname to bicycle OEMs and independent bicycle dealers.

Sell -

Seller(S) 1

SELLER

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 2 of 35
Sector: Consumer Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 2 of 9
State: California M&A 1 of 5
Country: United States M&A 2 of 35
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 Shari’s Management

Beaverton, Oregon, United States

Shari’s Management Corp. is a 97-unit chain of family-style restaurants. Shari’s Management Corp. offers 24-hour sit-down dining and a broad selection of value-oriented breakfast, lunch and dinner.

Buy $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-07 Ampac Packaging

Cincinnati, Ohio, United States

Ampac Packaging LLC is a producer of high-volume paper and plastic packaging products, including upscale shopping bags for national retailers, audit security bags for financial institutions, and multi-layer specialty films and pouches sold to consumer product companies.

Buy -