M&A Deal Summary

Webster Equity Partners Acquires Margaritaville

On July 11, 2016, private equity firm Webster Equity Partners acquired apparel/textiles company Margaritaville from Margaritaville Enterprises

Acquisition Highlights
  • This is Webster Equity Partners’ 3rd transaction in the Apparel/Textiles sector.
  • This is Webster Equity Partners’ 22nd transaction in the United States.
  • This is Webster Equity Partners’ 3rd transaction in California.

M&A Deal Summary
Date 2016-07-11
Target Margaritaville
Sector Apparel/Textiles
Buyer(s) Webster Equity Partners
Sellers(s) Margaritaville Enterprises
Deal Type Divestiture

Target

Margaritaville

Los Angeles, California, United States
Margaritaville is a global brand inspired by the lyrics and lifestyle of Jimmy Buffett. The company designs and supplies an expansive line of apparel and accessories that satisfy the yearning for a leisurely escape. Margaritaville also licenses the brand for other consumer products, including home goods, outdoor furnishings, recreational merchandise and more. Margaritaville is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 23 of 48
Sector (Apparel/Textiles) 3 of 4
Type (Divestiture) 2 of 2
State (California) 3 of 9
Country (United States) 22 of 46
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Healthcare Associates of Texas

Irving, Texas, United States

Healthcare Associates of Texas is a primary care practice group serving patients in the Dallas Forth Worth region. Along with its primary care services, HCAT provides patients with a number of ancillary services allowing patients to address the majority of their healthcare needs at one location. HCAT was founded in 1991 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Jan-pro

Alpharetta, Georgia, United States

Jan-pro operates its business in the commercial cleaning franchising industry and licenses its master franchise owners and unit franchisees under the trademark 'JAN-PRO. Jan-pro was founded in 2005 and is based in Alpharetta, Georgia.

Sell -

Seller(S) 1

SELLER

Margaritaville Enterprises

Orlando, Florida, United States
Category Company
Founded 2006
Sector Apparel/Textiles
DESCRIPTION

Margaritaville Enterprises LLC operates a chain of stores and cafes in the United States, Canada, Jamaica, and Grand Turk. Its stores provide merchandise comprising graphic tee shirts, shirts, fleece, pants and shorts, sunglasses, beachwear, accessories, jewelry, and shoes and flip flops for men and women; headwear, such as caps, straw hats, and visors; souvenirs that include home décor, kitchenware, CDs and media, and games; and signature items, furniture, gift certificates, custom items, and drink makers.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
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