M&A Deal Summary

The Blackstone Group and Kaulig Capital Acquire CCG

On July 1, 2021, private equity firm The Blackstone Group and family office Kaulig Capital acquired consumer products company CCG

Acquisition Highlights
  • This is The Blackstone Group’s 5th and Kaulig Capital’s 2nd transaction in the Consumer Products sector.
  • This is The Blackstone Group’s 182nd and Kaulig Capital’s 6th transaction in the United States.
  • This is The Blackstone Group’s 9th and Kaulig Capital’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-07-01
Target CCG
Sector Consumer Products
Buyer(s) The Blackstone Group
Kaulig Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

CCG

Sarasota, Florida, United States
CCG is a global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. CCG was founded in 1987 and is based in Sarasota, Florida.

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Buyer(S) 2

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 291 of 362
Sector: Consumer Products M&A 5 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 73 of 81
State: Florida M&A 9 of 11
Country: United States M&A 182 of 230
Year: 2021 M&A 15 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Exeter Finance

Austin, Texas, United States

Exeter Finance is an indirect auto finance company. The company underwrites, purchases, services, and securitizes retail installment contracts from U.S. automobile dealers. It works with more than 11,000 dealers and 475,000 customers nationwide providing indirect financing for both new and used vehicles. The company has a serviced finance portfolio of more than $7 billion. Exeter Finance was formed in 2006 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Sphera

Chicago, Illinois, United States

Sphera is a global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship. Sphera is based in Chicago, Illinois.

Buy $1.4B
DESCRIPTION

Kaulig Capital is a family office focused on opportunities in private equity and real estate. Within private equity Kaulig looks to partner with owners looking for full/partial liquidity, fundless sponsors look for a capital partner, growth capital financings, and operators seeking a partner to acquire a business. The Firm is sector agnostic and will consider opportunities throughout the US with at least $10 million of revenue and $2 million of EBITDA. Kaulig Capital was formed in 2016 and is headquartered in Hudson, Ohio.


DEAL STATS #
Overall 6 of 12
Sector: Consumer Products M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 8
State: Florida M&A 1 of 1
Country: United States M&A 6 of 12
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 Foundation Wellness

Wadsworth, Ohio, United States

Foundation Wellness is a specialty designer and manufacturer of branded and private label orthotic solutions, including footbeds/insoles, foot care products, orthopedic braces, sports support, and ergonomic safety products. Foundation Wellness was founded in 1934 and is based in Wadsworth, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Erie Home

Toledo, Ohio, United States

Erie Home is a direct-to-consumer residential products and services company, primarily offering fiberglass and metal re-roofing solutions. Erie provides end-to-end service and product solutions to its customers by handling all aspects of the re-roofing and home improvement process. Erie Home was founded in 1982 and is based in Toledo, Ohio.

Buy -