M&A Deal Summary

ACI Capital and Webster Equity Partners Acquire Sundance

On July 8, 2004, ACI Capital and private equity firm Webster Equity Partners acquired retailer Sundance

Acquisition Highlights
  • This is ACI Capital’s 1st and Webster Equity Partners’ 1st transaction in the Retail sector.
  • This is ACI Capital’s 5th and Webster Equity Partners’ 2nd transaction in the United States.
  • This is ACI Capital’s 1st and Webster Equity Partners’ 1st transaction in Utah.
Investment Fate
  • Sundance was sold to a consortium of financial buyers in 2012.
  • Sundance was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2004-07-08
Target Sundance
Sector Retail
Buyer(s) ACI Capital
Webster Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Benning Associates LLC (Financial)

Target

Sundance

Salt Lake City, Utah, United States
Sundance is a lifestyle retailer of women’s apparel and accessories, jewelry and home furnishings. The company sells through catalogs, online and 13 Sundance retail stores. Sundance founded in 1989 and headquartered in Salt Lake City, Utah.

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Buyer(S) 2

Buyer

ACI Capital

New York, New York, United States
Category Private Equity Firm
Founded 1995
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ACI Capital is a private investment firm that targets investments in mid-sized companies. ACI primarily looks for US based businesses with revenues between $25 and $500 million and operating profits of at least $5 million. ACI prefers control investments and will consider a variety of investment structures including buyouts, restructurings, growth capital financings, recapitalizations, PIPEs, secondary purchases, and bridge financings. Sectors of interest include consumer (consumer products, direct marketing, restaurants, franchising, healthy living), industrial (niche manufacturing, transportation, infrastructure, alternative energy), and services (business services, healthcare services, financial services, logistics, media). ACI Capital was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 5 of 10
Sector (Retail) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 9
State (Utah) 1 of 1
Country (United States) 5 of 10
Year (2004) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-22 Qdoba Restaurant

San Diego, California, United States

Qdoba Restaurant operates and franchises fast-casual Mexican restaurants under the name Qdoba Mexican Grill. Qdoba Mexican Grill combines fresh ingredients with an innovative combination of sauces and marinades to create non-traditional, fast-casual Mexican fare. Qdoba Restaurant was founded in 1995 and is based in San Diego, California.

Sell $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-06 Excel Polymers

Solon, Ohio, United States

Excel Polymers LLC is a provider of customized thermoset elastomer (rubber) compounds and additives for various industrial applications.

Buy -
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 2 of 48
Sector (Retail) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 26
State (Utah) 1 of 4
Country (United States) 2 of 46
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Team Express Distributing

San Antonio, United States

Team Express is the leading multi-channel marketer of baseball and football related equipment. The Company, started in 1990, has been dedicated to providing fanatical customer service and ease of shopping to the baseball and softball players who demand the best performance products

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-12 Teton Homes

Casper, Wyoming, United States

Teton Homes is a designer and manufacturer of luxury fifth-wheel recreational vehicles which have the largest amount of living space of any recreational vehicle class. Luxury fifth wheels are designed for RV enthusiasts who want feature-rich vehicles that incorporate high end kitchen appliances, carved cabinetry, abundant storage, fully integrated entertainment systems, and professionally decorated interiors.

Buy -
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