M&A Deal Summary

Swedish Match Acquires Cigars International

On August 16, 2007, Swedish Match acquired e-commerce company Cigars International from Svoboda Capital Partners and Crestar Partners

Acquisition Highlights
  • This is Swedish Match’s 1st transaction in the E-Commerce sector.
  • This is Swedish Match’s 2nd transaction in the United States.
  • This is Swedish Match’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2007-08-16
Target Cigars International
Sector E-Commerce
Buyer(s) Swedish Match
Sellers(s) Svoboda Capital Partners
Crestar Partners
Deal Type Add-on Acquisition

Target

Cigars International

Bethlehem, Pennsylvania, United States
Cigars International Inc. is a catalog and Internet direct marketer of premium, hand-rolled cigars and cigar accessories to retail and wholesale customers nationally. Cigars International was founded in 1996 and is based in Bethlehem, Pennsylvania.

Search 200,500 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

Swedish Match

Stockholm, Sweden
Category Company
Founded 1915
Sector Manufacturing
Employees6,735
Revenue 18.5B SEK (2021)
DESCRIPTION

Swedish Match develops, manufactures, markets, and sells quality products with market leading brands in the product areas Snus and moist snuff, Other tobacco products (cigars and chewing tobacco), and Lights (matches and lighters). Swedish Match was founded in 1915 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 3 of 4
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-15 Bogaert Cigars NV

Jabbeke, Belgium

Bogaert Cigars NV is a cigar company that has been producing cigars.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 V2 Tobacco A/S

Silkeborg, Denmark

V2 Tobacco A/S is a privately held smokeless tobacco company. V2 Tobacco’s portfolio consists of brands including Thunder, Offroad, and Phantom. V2 Tobacco was founded in 2006 and is based in Silkeborg, Denmark.

Buy -

Seller(S) 2

SELLER

Svoboda Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Svoboda Capital Partners is a private equity firm that seeks buyout, recapitalization, and growth capital investments in mid-sized companies with leading market positions, strong customer relationships, and high margins. Svoboda generally looks to invest up to $25 million in businesses generating sales of $10 to $100 million and EBITDA of $3 to $15 million. Sectors of interest include value-added distribution, business services, and consumer products. Svoboda Capital Partners was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 11 of 34
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 4 of 14
State (Pennsylvania) 1 of 1
Country (United States) 11 of 34
Year (2007) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-07 Midwest Dental

Mondovi, Wisconsin, United States

Midwest Dental, Inc. is a provider of business management services for dental offices serving communities throughout the Midwest. Dental practices affiliated with Midwest Dental offer a comprehensive range of treatment services including preventive, cosmetic, restorative, and reconstructive dentistry for adults and children. Midwest Dental was formed in 1968 and is based in Mondovi, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Cape Electrical Supply

Cape Girardeau, Missouri, United States

Cape Electrical Supply is a distributor of electrical and communications products to commercial, industrial, residential, institutional, and utility customers.

Buy -
SELLER

Crestar Partners

Boca Raton, Florida, United States

Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Crestar Partners is a private equity firm focused on investing and acquiring early, growth, and mature companies. Crestar targets profitable businesses, with sustainable competitive advantages. Areas of interest includes value added distribution, direct marketing, specialty finance, consumer products and differentiated businesses services. The Firm looks to be flexible provider of capital, including providing debt and equity. Crestar Partners was formed in 2003 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 2 of 7
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 2
Country (United States) 2 of 7
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-07 Edge Fitness Clubs

Orange, Connecticut, United States

Edge Fitness Clubs offers fitness equipment, fitness programming and specialized in-club services such as personal training and Pilates. Edge Fitness Clubs was founded in 1987 and is based in Orange, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 CrestarCapital

Cherry Hill, New Jersey, United States

Crestar Capital LLC is a specialty finance company focused exclusively on the acquisition and servicing of municipal tax liens. Crestar purchases property tax liens from municipalities for unpaid local taxes on properties which arise when an owner of a property fails to pay the taxes. Crestar’s approach is to acquire high-quality assets via a team of highly skilled and experienced tax lien purchasers, financial and operational personnel which, together, provide exceptional due diligence, financial analysis, and efficiently service the portfolio through state-of-the-art technology and superior portfolio monitoring. CrestarCapital was founded in 2008 and is based in Cherry Hill, New Jersey.

Buy -
Mergr

Product

Company

Legal