Buyout (LBO, MBO, MBI) • Consumer Products

Waveland Investments and Prospect Capital Management Acquire Focus Products Group

On August 1, 2001, private equity firm Waveland Investments and business development company Prospect Capital Management acquired consumer products company Focus Products Group

Acquisition Context
  • This is Waveland Investments’ 1st and Prospect Capital Management’s 1st transaction in the Consumer Products sector.
  • This is Waveland Investments’ 2nd and Prospect Capital Management’s 1st transaction in the United States.
  • This is Waveland Investments’ 2nd and Prospect Capital Management’s 1st transaction in Illinois.
Investment Fate
  • Focus Products Group was sold to a financial buyer in 2012.

Explore All 1131 Buyout (LBO, MBO, MBI) Consumer Products Deals - Search the Database Free


M&A Deal Summary

Date August 1, 2001
Target Focus Products Group
Sector Consumer Products
Buyer(s) Waveland Investments
Prospect Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Focus Products Group

Vernon Hills, Illinois, United States
Focus Products Group is a privately held company that designs, markets, and distributes household products. Focus Products Group was founded in 2001 and is based in Vernon Hills, Illinois.
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Buyers Overview 2

Buyer

Waveland Investments

Highland Park, Illinois, United States

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Waveland Investments LLC is a private investment firm focused on lower middle market companies operating in the manufacturing, distribution or service sectors. Waveland pursues companies with revenues of at least $10 million and EBITDA of $1 to $8 million. The Firm primarily seeks buyouts of healthy businesses, but will consider select turnaround situations. Waveland Investments LLC is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 2 of 18
Sector: Consumer Products 1 of 3
Type: Buyout (LBO, MBO, MBI) 2 of 13
State: Illinois 2 of 6
Country: United States 2 of 18
Year: 2001 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Mell & Co.

Morton Grove, Illinois, United States

Mell & Co. is a provider of marketing and supplying guest checks and related items to restaurants. Mell & Company sells to more than 16,000 independent restaurants nationwide. Mell & Co. is based in Morton Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-07 Potbelly

Chicago, Illinois, United States

Potbelly owns and operates restaurants featuring hot sandwiches served in a fun, energetic, and inviting atmosphere. Potbelly is aggressively pursuing expansion into other major markets across the United States. Potbelly was founded in 1977 and is based in Chicago, Illinois.

Buy -
Buyer

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.


Deal Context for Buyer #
Overall 1 of 86
Sector: Consumer Products 1 of 8
Type: Buyout (LBO, MBO, MBI) 1 of 41
State: Illinois 1 of 4
Country: United States 1 of 83
Year: 2001 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-01 Nupla

Sun Valley, California, United States

Nupla Corporation was founded in 1938 and is a leading worldwide manufacturer of industrial grade fiberglass handles and non-powered hand tools for OEM, industrial supply, and other markets. The Company sells its products to OEMs such as Corona Clipper, Snap On Tools, and Stanley Works, industrial supply and hand tool manufacturers and distributors such as W.W. Grainger and McMaster Carr, and hundreds of other customers in the fire, lawn and garden, and hardware markets.

Buy -