M&A Deal Summary

Topspin Partners LBO, Motivity Capital Partners and Praesidian Capital Acquire Palmetto Moon

On November 7, 2016, private equity firm Topspin Partners LBO, private equity firm Motivity Capital Partners and mezzanine finance firm Praesidian Capital acquired retailer Palmetto Moon

Acquisition Highlights
  • This is Topspin Partners LBO’s 2nd, Motivity Capital Partners’ 1st and Praesidian Capital’s 2nd transaction in the Retail sector.
  • This is Topspin Partners LBO’s 19th, Motivity Capital Partners’ 1st and Praesidian Capital’s 44th transaction in the United States.
  • This is Topspin Partners LBO’s 1st, Motivity Capital Partners’ 1st and Praesidian Capital’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2016-11-07
Target Palmetto Moon
Sector Retail
Buyer(s) Topspin Partners LBO
Motivity Capital Partners
Praesidian Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Palmetto Moon

Charleston, South Carolina, United States
Palmetto Moon is a specialty retailer in the Lifestyle Merchandising segment in the southeastern U.S. The company have rapidly grown into a one-stop shop for women’s and men’s fashion, kids apparel and gifts, home goods, shoes, accessories, collegiate gear, drinkware, and more for the Southern at heart. Palmetto Moon was founded in 2002 and is based in Charleston, South Carolina.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

Topspin Partners LBO


Category Private Equity Firm
Founded 2001
PE ASSETS 213M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Topspin LBO is the buyout arm of investment firm Topspin Partners. Topspin LBO looks to invest in established businesses with growing revenue and cash-flow of $2 to $10 million. Prospective companies generally have proven management in place and operate with defensible business models. While, Topspin will consider investing in businesses across the US, the Firm has a strong preference for opportunities serving the Long Island, New York area. Sectors of interest include security services, consumer products, publishing/media, niche manufacturing, food and beverage and restaurants. Topspin LBO was formed in 2001 and is based in Roslyn Heights, New York.


DEAL STATS #
Overall 19 of 27
Sector (Retail) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (South Carolina) 1 of 1
Country (United States) 19 of 27
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Texas Family Fitness

Coppell, Texas, United States

Texas Family Fitness is an operator of high amenity, high value health and fitness clubs. Texas Family Fitness provides a family-friendly environment complemented with state-of-the-art equipment and knowledgeable, friendly staff. Company clubs have the best workout floors available without charging members for amenities they don’t use. Company recognize the importance of creating a healthy atmosphere for the entire family at an affordable cost. Texas Family Fitness delivers the fitness experience done right. Texas Family Fitness is based in Coppell, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-19 Bear Down Brands

Santa Ana, California, United States

Bear Down Brands is a developer and marketer of major, branded home, health and wellness products. Bear Down has capitalized on the secular shift to e-commerce through its diversified portfolio of humidifiers, air purifiers, personal care products, lunch and food storage, and other products through its three premier brands. Bear Down Brands was founded in 2011 and is based in Santa Ana, California.

Buy -
DESCRIPTION

Motivity Capital Partners is a private equity firm primarily focused on the retail sector. The Firm will consider profitable, US-based companies generating $10 to $250 million in sales. Additional areas of interest include consumer products, consumer services, distribution, and marketing. Motivity Capital is based in Colleyville, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Bling Glamour

Scott City, Kansas, United States

Bling Glamour is an 11-store boutique retail chain, that serves customers in secondary and tertiary markets. Bling Glamour was founded in 2009 and is based in Scott City, Kansas.

Buy -
Buyer

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 47 of 51
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (South Carolina) 1 of 1
Country (United States) 44 of 48
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Mission Critical Electronics

Dallas, Texas, United States

Mission Critical Electronics is a niche-oriented manufacturer of power conversion, battery charging and battery products operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, and American Battery Charging. The Company focuses on critical system applications in specialty vehicle, public safety, and industrial/marine applications where durability, reliability, and performance are essential to deliver immediately accessible power. MCE’s solutions address application-specific requirements for 4,000 customers across 2,000+ branded SKUs. MCE is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-23 Datamyne

Miami, Florida, United States

Datamyne, Inc. is a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.

Sell $53M