M&A Deal Summary

Timepiece Capital and Gemini Investors Acquire Bag Balm

On October 6, 2014, private equity firms Timepiece Capital and Gemini Investors acquired consumer products company Bag Balm

Acquisition Highlights
  • This is Timepiece Capital’s 1st and Gemini Investors’ 1st transaction in the Consumer Products sector.
  • This is Timepiece Capital’s 10th and Gemini Investors’ 60th transaction in the United States.
  • This is Timepiece Capital’s 1st and Gemini Investors’ 1st transaction in Vermont.

M&A Deal Summary
Date 2014-10-06
Target Bag Balm
Sector Consumer Products
Buyer(s) Timepiece Capital
Gemini Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

Bag Balm

Lyndonville, Vermont, United States
Bag Balm is a manufacturer of branded over-the-counter moisturizing salve commonly used to treat dry and chapped skin. Bag Balm was founded in 1899 and is based in Lyndonville, Vermont.

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Buyer(S) 2

Buyer

Timepiece Capital

Scottsdale, Arizona, United States

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Timepiece Capital is a private investment firm that targets smaller company investments across the niche distribution, manufacturing, and service industries. Timepiece looks for businesses with $5 to $50 million of annual revenue and at least $1.25 million of operating cash flow. Timepiece will not invest in restaurants, real estate opportunities, or companies with a significant degree of technology risk. Timepiece Capital was formed in 2004 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 10 of 10
Sector (Consumer Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Vermont) 1 of 1
Country (United States) 10 of 10
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 American Lighting Supply

San Diego, California, United States

American Lighting Supply is an energy-efficient commercial lighting specialist.

Sell USD5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 TGC Components

Grand Junction, Colorado, United States

Colorado Components is a manufacturer and distributor of aftermarket wheels, tires and wheel accessories for the powersports and golf cart markets.

Sell -
Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 60 of 96
Sector (Consumer Products) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 27 of 38
State (Vermont) 1 of 1
Country (United States) 60 of 96
Year (2014) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 CSL

Santa Clara, California, United States

CSL is a provider of metal finishing services. CSL was founded in 1986 and is based in Santa Clara, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Accurate Home Care

Otsego, Minnesota, United States

Accurate Home Care is a provider of quality home health care services. Accurate Home Care's goal is to maintain and improve clients' level of independence while ensuring their utmost satisfaction. Accurate strives to consistently provide an unsurpassed level of care. Accurate Home Care was founded in 2002 and is based in Otsego, Minnesota.

Sell -
Mergr

Product

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