M&A Deal Summary

Versa Capital Management Acquires Holliston

On August 21, 2007, distressed investor Versa Capital Management acquired apparel/textiles company Holliston

Acquisition Highlights
  • This is Versa Capital Management’s 2nd transaction in the Apparel/Textiles sector.
  • This is Versa Capital Management’s 6th transaction in the United States.
  • This is Versa Capital Management’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2007-08-21
Target Holliston
Sector Apparel/Textiles
Buyer(s) Versa Capital Management
Deal Type Special Situations/Distressed

Target

Holliston

Church Hill, Tennessee, United States
Holliston is a manufacturer of cloth coverings and serves the book cover material, packaging fabric, and industrial cloth markets. Holliston was formed in 1893 and is based in Church Hill, Tennessee.

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Buyer(S) 1

Buyer

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 7 of 28
Sector: Apparel/Textiles M&A 2 of 3
Type: Special Situations/Distressed M&A Deals 3 of 9
State: Tennessee M&A 2 of 2
Country: United States M&A 6 of 26
Year: 2007 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Central Lewmar

Clifton, New Jersey, United States

Central Lewmar LLC is a paper and packaging distribution company. The company employs approximately 550 people at three hub centers, 22 offices, and 14 locations, including Strategic Paper Group, Whiteman Tower, Andrews Paper House of York, Buff-Pac, Central Lewmar International, Central Lewmar/MidAtlantic, Central Lewmar/Newark, Central Lewmar South, Automated Machine and Control, First State Paper, Geo. W. Millar, Marquardt & Company, McAliece Imaging Products, and eight PickQuick Papers stores.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-07 Simplexity

Reston, Virginia, United States

Simplexity is an online seller of wireless services and products. Simplexity is based in Reston, Virginia.

Buy -