M&A Deal Summary

York Private Equity Acquires CURiO

On December 1, 2021, private equity firm York Private Equity acquired consumer products company CURiO from Northstar Capital and Castanea Partners

Acquisition Highlights
  • This is York Private Equity’s 1st transaction in the Consumer Products sector.
  • This is York Private Equity’s 6th transaction in the United States.
  • This is York Private Equity’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2021-12-01
Target CURiO
Sector Consumer Products
Buyer(s) York Private Equity
Sellers(s) Northstar Capital
Castanea Partners
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)

Target

CURiO

Starkville, Minnesota, United States
CURiO is a manufacturer and seller of personal care and home fragrance products. CURiO is based in Starkville, Mississippi.

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Buyer(S) 1

DESCRIPTION

York Private Equity is the direct investing arm of asset manager and hedge fund York Capital Management. York Private Equity looks to fund a variety of transaction situations including founders seeking liquidity, consolidations, recapitalizations, and corporate divestitures. Sectors of interest include consumer, business services, financial services, healthcare, and industrials. York Private Equity is based in New York City.


DEAL STATS #
Overall 7 of 10
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 6 of 9
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 AMC Health

New York City, New York, United States

AMC Health provides advanced, real-time, analytics-driven, virtual care solutions that have driven outstanding and measurable outcomes to hundreds of thousands of patients across the healthcare continuum, including payers, provider systems, and governmental agencies. Its FDA Class II cleared, clinical decision support platform is combined with end-to-end, clinical, and support RPM services that enable healthcare organizations to confidently extend their services beyond the four walls of a hospital and ambulatory clinic settings. AMC Health's unparalleled corpus of peer-reviewed, published studies highlights clinical improvements for conditions including heart failure, diabetes, and hypertension, resulting in reductions in hospital admissions and substantial financial returns on investment. AMC Health was founded in 2002 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 APT Healthcare

Glen Burnie, Maryland, United States

APT Healthcare is a provider of state-of-the-art physical therapy treatment in 70+ locations. APT Healthcare dedicated physical therapists and certified hand therapists work closely with our diverse clinical team to design individualized treatment plans to achieve specific goals for each patient. APT Healthcare was founded in 2002 and is based in Glen Burnie, Maryland.

Buy -

Seller(S) 2

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 64 of 82
Sector: Consumer Products M&A 6 of 8
Type: Secondary Buyout M&A Deals 25 of 27
State: Minnesota M&A 8 of 8
Country: United States M&A 62 of 78
Year: 2021 M&A 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Revenue Management Solutions

Oklahoma City, Oklahoma, United States

Revenue Management Solutions is a provider of processes that facilitate the timely matching, posting and reconciliation of health care payments to underlying claims or other correspondence. Revenue Management Solutions was founded in 2006 and is based in Oklahoma City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Black Diamond Networks

Andover, Massachusetts, United States

Black Diamond Networks provides contract professionals to companies in the life sciences, engineering, and information technology sectors. Industries served include pharmaceutical, medical devices, biotechnology, aerospace, automotive, avionics, electronics, industrial equipment, military/defense, networking and communications, semiconductor, and telecommunications. Black Diamond Networks was founded in 1999 and is based in Andover, Massachusetts.

Buy -
SELLER

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 21 of 24
Sector: Consumer Products M&A 7 of 10
Type: Secondary Buyout M&A Deals 5 of 6
State: Minnesota M&A 2 of 2
Country: United States M&A 21 of 24
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Essentia Water

Bothell, Washington, United States

Essentia Water is a provider of enhanced, alkaline water. Essentia uses a proprietary process that results in electrolyte-enhanced water with an alkaline 9.5 pH. Essentia hydrates restore and balances to promote optimal health. Led by founder Ken Uptain, the Company has grown rapidly in recent years, expanding distribution across North America. Essentia Water was founded in 1998 and is based in Bothell, Washington.

Sell $192M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Simms Fishing Products

Bozeman, Montana, United States

Simms Fishing Products offers a comprehensive line of high-performance fishing apparel, footwear, and gear. Its premium fishing waders are produced domestically at Simms’ manufacturing facility in Bozeman. The company’s products, used by over 6,000 Simms-sponsored fishing professionals globally, are distributed through specialty retail stores both domestically and internationally. Simms Fishing Products was founded in 1980 and is based in Montana.

Sell $193M