M&A Deal Summary

Webster Equity Partners Acquires Matilda Jane Clothing

On May 4, 2017, private equity firm Webster Equity Partners acquired apparel/textiles company Matilda Jane Clothing from Centerfield Capital Partners, CID Capital and Capitala Group

Acquisition Highlights
  • This is Webster Equity Partners’ 4th transaction in the Apparel/Textiles sector.
  • This is Webster Equity Partners’ 24th transaction in the United States.
  • This is Webster Equity Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2017-05-04
Target Matilda Jane Clothing
Sector Apparel/Textiles
Buyer(s) Webster Equity Partners
Sellers(s) Centerfield Capital Partners
CID Capital
Capitala Group
Deal Type Secondary Buyout

Target

Matilda Jane Clothing

Fort Wayne, Indiana, United States
Matilda Jane Clothing is a designer and provider of specialty apparel and accessories for girls, babies, tweens and women. The Company distributes its products through a network of Trunk Keepers that sell through in-home events in all 50 states. Matilda Jane has a differentiated brand that is whimsical and playful, embodying the spirit and imagination of childhood through its unique designs and silhouettes. Matilda Jane Clothing was founded in 2002 and is based in Fort Wayne, Indiana.

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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 25 of 48
Sector (Apparel/Textiles) 4 of 4
Type (Secondary Buyout) 4 of 8
State (Indiana) 1 of 1
Country (United States) 24 of 46
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 MooreCo International Holdings

Temple, Texas, United States

MooreCo is an innovative designer and manufacturer of visual-communication products, technology support equipment, and furniture for the educational and commercial office markets. The Company markets its products through three brand divisions: Best-Rite, Balt and MooreCo.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 CoCreativ

New York, New York, United States

CoCreativ is a provider of digital capture, production, and post-production services to a diverse client base of advertising agencies, marketing departments, consumer brands and retailers, media and entertainment companies and professional photographers and directors. CoCreativ was founded in 1991 and is based in New York City.

Sell -

Seller(S) 3

SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 26 of 42
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 7 of 13
State (Indiana) 7 of 9
Country (United States) 26 of 42
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Prism Plastics

Chesterfield, Michigan, United States

Prism Plastics, Inc. is a manufacturer of high-precision injection molded plastic components for the automotive, industrial and medical markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Curated Events

Raleigh, North Carolina, United States

Curated Events is an event service provider offers the most diverse variety of event products and services, including tenting, linens, fine china, flatware, custom flooring, luxury furnishings, and tables and chairs. Curated Events was founded in 1952 and is based in Raleigh, North Carolina.

Buy -
SELLER

CID Capital

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 17 of 25
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 7 of 11
State (Indiana) 7 of 8
Country (United States) 17 of 25
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Grandview Gallery

Memphis, Tennessee, United States

Grandview Gallery is a designer and supplier of affordable home décor products, including lamps, fixtures, and pendants sold through retail and online. Grandview Gallery was founded in 2006 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Westone Laboratories

Colorado Springs, Colorado, United States

Westone Laboratories, Inc. is a designer and manufacturer of high-quality hearing healthcare and in-ear audio solutions, with products ranging from hearing protection devices and audiology supplies to custom hearing aid earpieces and high-fidelity earphones. Westone Laboratories was founded in 1959 and is based in Colorado Springs, Colorado.

Sell -
SELLER

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 30 of 53
Sector (Apparel/Textiles) 3 of 3
Type (Secondary Buyout) 10 of 19
State (Indiana) 2 of 4
Country (United States) 29 of 52
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Highwinds

Winter Park, Florida, United States

Highwinds is a multi-platform IP services provider that specializes in software, content delivery network and IP infrastructure services (transport, hosting and storage). Highwinds is based in Winter Park, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 The Penray Companies

Downers Grove, Illinois, United States

The Penray Companies, Inc. is a manufacturer and marketer of automotive chemicals serving the heavy-duty truck and automotive aftermarket segments. The Penray Companies was founded in 1951 and is based in Downers Grove, Illinois.

Sell -