M&A Deal Summary

VMG Partners Acquires Timbuk2

On October 4, 2005, private equity firm VMG Partners acquired consumer products company Timbuk2 from Pacific Community Management for 20M USD

Acquisition Highlights
  • This is VMG Partners’ 1st transaction in the Consumer Products sector.
  • This is VMG Partners’ largest (disclosed) transaction.
  • This is VMG Partners’ 1st transaction in the United States.
  • This is VMG Partners’ 1st transaction in California.
Investment Fate
  • Timbuk2 was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 2005-10-04
Target Timbuk2
Sector Consumer Products
Buyer(s) VMG Partners
Sellers(s) Pacific Community Management
Deal Type Secondary Buyout
Deal Value 20M USD
Advisor(s) North Point Advisors LLC
Piper Sandler & Co. (Financial)

Target

Timbuk2

San Francisco, California, United States
Timbuk2 is a manufacturer and marketer of everyday carry-all bags and accessories including: bicycle messenger bags, laptop messenger bags, backpacks and luggage. The Company sells its products to specialty outdoor and bicycle retailers, corporations and directly to consumers. Timbuk2 was formed in 1989 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

VMG Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

VMG Partners is a private equity firm focused on early and growth stage investing in consumer products companies. VMG has a specific interest in the lifestyle, wellness, food and beverage, personal care, pet and leisure sectors of the consumer products industry. VMG targets US-based companies with revenues between $1 and $500 million. VMG was formed in 2005 and has offices in San Francisco and Los Angeles.


DEAL STATS #
Overall 1 of 24
Sector (Consumer Products) 1 of 7
Type (Secondary Buyout) 1 of 2
State (California) 1 of 11
Country (United States) 1 of 23
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-02 Natural Balance

San Diego, California, United States

Natural Balance is a premium pet food brand specializing in high-quality dog and cat food products sold exclusively through the pet specialty and eCommerce channels. Natural Balance has a 30+ year history in premium formulations and was a pioneer of limited ingredient diets. Natural Balance was founded in 1989 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Pacific Community Management

San Francisco, California, United States

Investor Investor


Category Growth Capital Firm
PE ASSETS 60M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pacific Community Management is a growth oriented investor focused on scalable, consumer facing companies. The Firm targets companies with strong revenue growth, substantial gross margins, defensible market positions and led by proven management teams. Pacific seeks to invest $1 to $4 million in companies with enterprise value of $5 to $50 million.Pacific Community Management was based in San Francisco, California.


DEAL STATS #
Overall 1 of 5
Sector (Consumer Products) 1 of 2
Type (Secondary Buyout) 1 of 1
State (California) 1 of 5
Country (United States) 1 of 5
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Niman Ranch

Oakland, California, United States

Niman Ranch is a producer of branded and private label natural beef, pork and lamb. Niman Ranch and its family farmers raise livestock traditionally, humanely and sustainably to deliver premium quality meat. Niman Ranch is based in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-13 Galaxy Desserts

Richmond, California, United States

Galaxy Desserts, Inc. is a developer, manufacturer and marketer of all-natural, gourmet single-serving desserts.

Buy -