M&A Deal Summary |
|
|---|---|
| Date | 2003-11-17 |
| Target | Simmons |
| Sector | Consumer Products |
| Buyer(s) | Thomas H. Lee Partners |
| Sellers(s) | Fenway Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 1.1B USD |
| Advisor(s) | Goldman Sachs Wells Fargo Securities (Financial) Ropes & Gray (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1974 |
| PE ASSETS | 35.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 90 |
| Sector (Consumer Products) | 3 of 4 |
| Type (Secondary Buyout) | 3 of 32 |
| State (Georgia) | 1 of 6 |
| Country (United States) | 12 of 77 |
| Year (2003) | 5 of 5 |
| Size (of disclosed) | 22 of 28 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-11-01 |
Michael Foods
Minnetonka, Minnesota, United States Michael Foods is a producer of value-added food products and service solutions to customers across the foodservice, retail and food ingredient channels. It holds market positions in attractive categories including value-added egg products, refrigerated potato products and cheese and other dairy case products. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-07 |
Progressive Moulded Products
Vaughan, Ontario, Canada Progressive Moulded Products Limited went out of business. Progressive Moulded Products Limited, a plastic injection molding company, engages in designing, manufacturing, and supplying interior plastic assemblies for cars and light trucks in North America. The company offers plastic interior subsystems and components, as well as related production moulds. It serves automotive organizations and system integrators. The company was founded in 1967 and is based in Vaughan, Canada. It operates manufacturing plants in the United States and Canada. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 2.1B USD |
| Size | Large |
| Type | Sector Agnostic |
Fenway Partners is a private equity firm focused on investments in the consumer products and transportation/logistics/distribution sectors. Fenway looks for profitable companies with positive cash-flow and 'strong franchises. Prospective companies are generally valued between $100 and $600 million with $15 to $75 million of EBITDA. The Firm's investment horizon is four to six years. Fenway Partners was formed in 1994 and maintains offices in New York City and Los Angeles.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 15 |
| Sector (Consumer Products) | 1 of 3 |
| Type (Secondary Buyout) | 3 of 9 |
| State (Georgia) | 1 of 2 |
| Country (United States) | 3 of 14 |
| Year (2003) | 1 of 1 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-07-08 |
Riddell Sports Group
Rosemont, Illinois, United States Riddell Sports Group, Inc. is a provider and reconditioner of branded athletic equipment, uniforms, and practice gear for young men and women. Riddell Sports Group was formed in 1922 and is based in Rosemont, Illinois. |
Buy | $100M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-01 |
Balfour
Dallas, Texas, United States Balfour is a manufacturer of customized products including jewelry, class rings, championship rings, and graduation announcements for high schools and universities across the country. |
Buy | - |
