M&A Deal Summary

Sycamore Partners Acquires Pure Fishing

On November 7, 2018, private equity firm Sycamore Partners acquired consumer products company Pure Fishing from Jarden

Acquisition Highlights
  • This is Sycamore Partners’ 1st transaction in the Consumer Products sector.
  • This is Sycamore Partners’ 14th transaction in the United States.
  • This is Sycamore Partners’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2018-11-07
Target Pure Fishing
Sector Consumer Products
Buyer(s) Sycamore Partners
Sellers(s) Jarden
Deal Type Divestiture

Target

Pure Fishing

Columbia, South Carolina, United States
Pure Fishing is a manufacturer and marketer of fishing tackle and accessories that sells products in 18 countries under the Berkley, Trilene, Abu Garcia, Mitchell, Fenwick, Spider, Johnson and Red Wolf brands. Pure Fishing, Inc. was founded in 1937 and is based in Columbia, South Carolina.

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Buyer(S) 1

Buyer

Sycamore Partners

New York, New York, United States

Category Private Equity Firm
Founded 2011
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Sycamore Partners is an opportunistic and operationally focused private equity firm that targets businesses and divisions in the consumer and retail sectors. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 16 of 26
Sector (Consumer Products) 1 of 1
Type (Divestiture) 3 of 8
State (South Carolina) 1 of 1
Country (United States) 14 of 22
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 E.M.P. Merchandising Handelsgesellschaft mbH

Lingen, Germany

E.M.P. Merchandising Handelsgesellschaft mbH is an online multi-channel retailer of rock music and entertainment-inspired apparel and accessories. EMP today offers fans merchandise from globally renowned bands such as Twenty One Pilots, Panic! At The Disco, Metallica, Motörhead, Guns n Roses, Nirvana, Pink Floyd, AC/DC, The Doors, and many others. Beyond music, the company has established itself as a lifestyle e-tailer, offering merchandise from major entertainment brands such as Disney, Marvel, Star Wars, and Harry Potter; gaming brands such as Nintendo and PlayStation; sporting franchises such as the NFL; and alternative fashion brands such as Vans. The company operates a network of websites serving 18 European countries, with a community of millions of customers, and a fast-growing paid loyalty program.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Essendant

Deerfield, Illinois, United States

Essendant is a national wholesale distributor of workplace items including traditional office products and office furniture, janitorial, sanitation and breakroom supplies, technology products, industrial supplies, and automotive aftermarket tools and equipment. Essendant was founded in 1922 and is based in Deerfield, Illinois.

Buy -

Seller(S) 1

SELLER

Jarden

Boca Raton, Florida, United States

Category Company
Founded 1991
Sector Consumer Products
Employees33,000
Revenue 8.6B USD (2015)
DESCRIPTION
Jarden's corporate headquarters in Boca Raton, Florida.
Jarden's corporate headquarters in Boca Raton, Florida.

Jarden Corp. is a provider of a diverse range of consumer products with a portfolio of over 120 trusted, quality brands sold globally.


DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 2 of 3
Type (Divestiture) 2 of 3
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 The Waddington Group

Covington, Kentucky, United States

The Waddington Group is a manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. Headquartered in Covington, KY, the company operates seventeen manufacturing facilities across the U.S., Canada, the United Kingdom and Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Rexair

Troy, Michigan, United States

Rexair is a direct seller and manufacturer of premium vacuum cleaning systems for residential customers. The company’s principal product, the Rainbow® vacuum cleaner, is the world’s premier home cleaning system and is sold in countries around the globe through a broad network of third-party distributors. Rexair was formed in 1936 and is based in Troy, Michigan.

Sell -