M&A Deal Summary

TGV Partners Acquires G&G Retail Holdings

On August 1, 1998, private equity firm TGV Partners acquired retailer G&G Retail Holdings for 144M USD

Acquisition Highlights
  • This is TGV Partners’ 1st transaction in the Retail sector.
  • This is TGV Partners’ largest (disclosed) transaction.
  • This is TGV Partners’ 6th transaction in the United States.
  • This is TGV Partners’ 2nd transaction in New York.
Investment Fate
  • G&G Retail Holdings was sold to a strategic buyer in 2004.

M&A Deal Summary
Date 1998-08-01
Target G&G Retail Holdings
Sector Retail
Buyer(s) TGV Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 144M USD

Target

G&G Retail Holdings

New York, New York, United States
G+G Retail is a mall-based retailer of popular price female junior apparel and accessories, and operates more than 400 mall-based stores in North America. Most of G+G’s merchandise is marketed under private label names Rave Up, Joule or In-Charge to a core customer base of 13 to 19 year old females.

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Buyer(S) 1

Buyer

TGV Partners

Newport Beach, California, United States
Category Private Equity Firm
Founded 1990
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TGV Partners is a private investment group focused on investments in traditional branded manufacturing and service businesses. TGV generally seeks smaller, profitable, established businesses with up to $50 million in sales where the Firm can partner with management to build companies. TGV looks to invest $3 to $10 million in transactions valued up to $50 million. Target companies typically operate in sectors with significant barriers to entry and attractive growth prospects. TGV Partners was formed in 1990 and is based in Newport Beach, California.

DEAL STATS #
Overall 6 of 9
Sector (Retail) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 8
State (New York) 2 of 2
Country (United States) 6 of 9
Year (1998) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Garfield & Marks Designs

New York, New York, United States

Garfield & Marks Designs is a designer and marketer of women’s clothing which is sold to smaller specialty retailers and select major retail chains under Garfield & Marks, Womyn, Plenair and Kenar labels. The company contracts with foreign suppliers for the manufacture of all of its garments.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Vantage Mobility International

Phoenix, Arizona, United States

Vantage Mobility International is a designer, manufacturer, distributor and marketer of vehicle accessibility products, including van conversions, stowage lifts and accessories for wheelchair and scooter users. Vantage Mobility International was founded in 1987 and is based in Phoenix, Arizona.

Buy -
Mergr

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