M&A Deal Summary

Victor Capital Partners Acquires PrimaLoft

On October 10, 2017, private equity firm Victor Capital Partners acquired apparel/textiles company PrimaLoft from Prudential Capital Group

Acquisition Highlights
  • This is Victor Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Victor Capital Partners’ 1st transaction in the United States.
  • This is Victor Capital Partners’ 1st transaction in New York.
Investment Fate
  • PrimaLoft was sold to a consortium of financial buyers in 2022 for 530M USD.

M&A Deal Summary

Date 2017-10-10
Target PrimaLoft
Sector Apparel/Textiles
Buyer(s) Victor Capital Partners
Sellers(s) Prudential Capital Group
Deal Type Recapitalization

Target

PrimaLoft

Latham, New York, United States
PrimaLoft is a branded, advanced material technology company involved in research and innovative development of high-performance material solutions, specializing in insulations and fabrics. The company's insulation was originally developed for the U.S. Army as a water-resistant, synthetic alternative to down. Since its founding, a heritage of proven & tested technologies has built trust across the textile industry, with more than 950 global brands using PrimaLoft products in outdoor, lifestyle, home furnishings, work wear, hunting, and military applications. PrimaLoft was founded in 1983 and is based in Latham, New York.

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Buyer(S) 1

DESCRIPTION

Victor Capital Partners is a private equity firm focused on providing equity and operational resources to mid-sized companies in the industrial services/technology, consumer, and business services sectors. The Firm looks to commit $20 to $100 million per transaction and generally pursues businesses with strong brands, positive cashflow, and operating in defensible markets with add-on potential. Victor Capital Partners was formed in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 8
Sector (Apparel/Textiles) 1 of 1
Type (Recapitalization) 1 of 2
State (New York) 1 of 3
Country (United States) 1 of 8
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Adventure Ready Brands

Littleton, New Hampshire, United States

Adventure Ready Brands is a manufacturer, marketer, and distributor of popular personal care and outdoor products sold to consumers through various retail channels, including food, drug and mass merchandisers, outdoor and sporting goods stores, and promotional product distributors. Adventure Ready Brands was founded in 1975 and is based in Littleton, New Hampshire.

Buy -

Seller(S) 1

DESCRIPTION

Prudential Capital Group is an investment firm focused on providing private debt, mezzanine and equity securities to middle-market companies. Prudential Capital looks to invest between $10 and $100 million in companies generating sales of $50 to $300 million. The Firm pursues a variety of transaction types, including debt refinancing, growth, acquisition financing, stock repurchases, recapitalizations, and buyouts. Sectors of interest include energy, commercial asset finance, lease, and infrastructure. Prudential Capital Group is based in Newark, New Jersey.


DEAL STATS #
Overall 1 of 5
Sector (Apparel/Textiles) 1 of 1
Type (Recapitalization) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 One Energy

Findlay, Ohio, United States

One Energy is a vertically integrated industrial power solutions company and is an installer of on-site, behind-the-meter, megawatt-scale, wind energy in the United States. The company provides Wind for Industry solutions for large electricity consumers. It delivers project assessment, development, engineering, procurement, construction, finance, and operations. One Energy was formed in 2009 and is based in Findlay, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Midwest Motor Express

Bismarck, North Dakota, United States

Midwest Motor Express is a transportation company that provides superior transportation services such as one and two-day service on short-haul lanes, three and four-day service to and from the Pacific Northwest and the Midwest. A network of 34 service centers spanning 14 states allows Midwest Motor Express, Inc. to provide service to over 5,800 cities and towns. Midwest Motor Express was founded in 1918 and is based in Bismarck, North Dakota.

Buy -