M&A Deal Summary

Warburg Pincus Acquires Gabe s

On December 22, 2016, private equity firm Warburg Pincus acquired retailer Gabe s from Alvarez & Marsal Capital Partners

Acquisition Highlights
  • This is Warburg Pincus’ 11th transaction in the Retail sector.
  • This is Warburg Pincus’ 166th transaction in the United States.
  • This is Warburg Pincus’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2016-12-22
Target Gabe s
Sector Retail
Buyer(s) Warburg Pincus
Sellers(s) Alvarez & Marsal Capital Partners
Deal Type Secondary Buyout

Target

Gabe s

Morgantown, West Virginia, United States
Gabe's operates 100+ stores under the Gabe's and Rugged Wearhouse banners across 11 states in the Mid-Atlantic and Southeast. The Company sells apparel, footwear, accessories, and home brands at up to 70% off department and specialty store prices. The Company was founded in 1961 by the Gabriel family and is headquartered in Morgantown, West Virginia.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 323 of 482
Sector (Retail) 11 of 13
Type (Secondary Buyout) 39 of 63
State (West Virginia) 1 of 1
Country (United States) 166 of 237
Year (2016) 32 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Kidswant

Nanjing, China

Kidswant is a maternity-infant-children (“MIC”) specialty retailer as well as a child growth and development service provider. Kidswant was founded in 2009 and is based in Nanjing, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Taiji Data

China

Taiji Data is a carrier-neutral data center operator based in China. The goal of Taiji is to capitalize on the rapid growth in China’s data center sector and to create a leading wholesale data center platform (the Digital Realty of China) through greenfield developments, brownfield conversions and acquisitions in Tier 1 cities and surrounding areas, as well as in select Tier 2 cities in China.

Buy -

Seller(S) 1

SELLER

Alvarez & Marsal Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 2 of 5
Sector (Retail) 1 of 1
Type (Secondary Buyout) 2 of 3
State (West Virginia) 1 of 1
Country (United States) 2 of 5
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 ProAmpac

Cincinnati, Ohio, United States

ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Centerra Group

Palm Beach Gardens, Florida, United States

Centerra Group LLC is a provider of security services to the U.S. Federal Government and commercial customers. Centerra safeguards sites of great significance to the U.S.' national security, including facilities that house Category I Special Nuclear Material (SNM) as well as sites of cultural and historical significance, such as the U.S. Holocaust Memorial Museum.

Sell -
Mergr

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