M&A Deal Summary

The Riverside Company Acquires Clarus

On May 17, 2018, private equity firm The Riverside Company acquired furniture company Clarus from Bertram Capital

Acquisition Highlights
  • This is The Riverside Company’s 1st transaction in the Furniture sector.
  • This is The Riverside Company’s 164th transaction in the United States.
  • This is The Riverside Company’s 16th transaction in Texas.

M&A Deal Summary
Date 2018-05-17
Target Clarus
Sector Furniture
Buyer(s) The Riverside Company
Sellers(s) Bertram Capital
Deal Type Secondary Buyout

Target

Clarus

Fort Worth, Texas, United States
Clarus is a manufacturer and seller of wall-mounted and mobile glassboards, architectural glass systems and related accessories primarily to corporate, education, healthcare and government customers. The company manufactures products from its facility in Texas and sells into the architectural and design and commercial furniture channels.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 232 of 283
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 34 of 46
State (Texas) 16 of 20
Country (United States) 164 of 195
Year (2018) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-06 Tate’s Bake Shop

Southampton, New York, United States

Tate’s is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States. Tate’s has been one of the fastest growing biscuit brands in the United States over the last 12 months. The brand’s sales have quadrupled over the past five years. Tate’s Bake Shop is the home of America’s top-rated chocolate chip cookie, available at grocery stores, gourmet shops and natural food stores nationwide, as well as online.

Sell $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 compleet

Unterhaching, Germany

compleet is a SaaS vendor for data-driven programmatic recruitment solutions focused on enterprise as well as medium-sized customers with high volume recruiting needs. Its software automatizes the entire e-recruitment process while optimizing the most important aspects in e-recruiting, i.e. reach, candidate quality and time-to-hire, ultimately increasing ROI.

Buy -

Seller(S) 1

SELLER

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $20 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.

DEAL STATS #
Overall 8 of 26
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 1 of 11
State (Texas) 1 of 3
Country (United States) 7 of 24
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Spectrio

Tampa, Florida, United States

Spectrio is a provider of technology-enabled, customer engagement, and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging & music, and Wi-Fi marketing. Spectrio's subscription-based model is underpinned by a large, proprietary content library including 10,000+ templates and 100,000+ pieces of customized, vertical-specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse, and location-based clients. Spectrio was founded in 1986 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Registrar

Hampton, Virginia, United States

Registrar is a SaaS-assisted provider of U.S. FDA compliance services to domestic and foreign food, medical devices, drugs, and cosmetic facilities. Registrar has expanded to eighteen international offices and has aided more than 30,000 companies across 160 countries. Registrar was founded in 2003 and is based in Hampton, Virginia.

Buy -
Mergr

Product

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