M&A Deal Summary

Waterford Wedgwood Acquires All-Clad Metalcrafters

On May 25, 1999, Waterford Wedgwood acquired consumer products company All-Clad Metalcrafters from EagleTree Capital and Clarion Capital Partners for 110M USD

Acquisition Highlights
  • This is Waterford Wedgwood’s 1st transaction in the Consumer Products sector.
  • This is Waterford Wedgwood’s largest (disclosed) transaction.
  • This is Waterford Wedgwood’s 1st transaction in the United States.
  • This is Waterford Wedgwood’s 1st transaction in Pennsylvania.
Investment Fate
  • All-Clad Metalcrafters was divested to a consortium of strategic buyers in 2004 for 250M USD.

M&A Deal Summary

Date 1999-05-25
Target All-Clad Metalcrafters
Sector Consumer Products
Buyer(s) Waterford Wedgwood
Sellers(s) EagleTree Capital
Clarion Capital Partners
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

All-Clad Metalcrafters

Canonsburg, Pennsylvania, United States
website
All-Clad Metalcrafters LLC is a manufacturer of premium-quality branded cookware, kitchen tools and other kitchen products. All-Clad’s products are highly regarded by both professional chefs and home cooks for outstanding quality and performance.

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Buyer(S) 1

Buyer

Waterford Wedgwood

Dublin, Ireland

Category Company
Founded 1759
Sector Consumer Products
Employees8,089
Revenue 805M USD (1998)
DESCRIPTION

Waterford Wedgwood Plc is a designs, manufactures and markets branded luxury lifestyle products, including high-quality crystal, ceramics (including fine bone china, fine porcelain and earthenware) and premium cookware.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-27 All-Clad Metalcrafters

Canonsburg, Pennsylvania, United States

All-Clad Metalcrafters LLC is a manufacturer of premium-quality branded cookware, kitchen tools and other kitchen products. All-Clad’s products are highly regarded by both professional chefs and home cooks for outstanding quality and performance.

Sell $250M

Seller(S) 2

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 4 of 23
Sector (Consumer Products) 2 of 4
Type (Add-on Acquisition) 3 of 11
State (Pennsylvania) 1 of 2
Country (United States) 3 of 21
Year (1999) 2 of 2
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-05 Sunbelt Plastics

Monroe, Louisiana, United States

Sunbelt Plastics, Inc. is a manufacturer of plastic bags and sheeting products.

Sell $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 The Deal

New York, New York, United States

The Deal LLC is a provider of unique and proprietary content that serves the news, information and idea generation needs of corporate and financial dealmakers, advisers, intermediaries and investors.

Buy -
SELLER

Clarion Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Clarion Capital Partners is a private equity investment firm that invests in middle-market, growth-oriented companies with and an enterprise value of $50 to $200 million and EBITDA greater than $7.5 million. Target industries include consumer products, business and healthcare services, specialty financial services, specialty retail, and niche media/entertainment. Clarion seeks companies requiring an equity investment of $15 to $75 million in a broad range of investment structures including: growth equity, recapitalizations, and leveraged buyouts. Clarion Capital was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 2 of 14
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 8
State (Pennsylvania) 1 of 2
Country (United States) 2 of 13
Year (1999) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-01 All-Clad Metalcrafters

Canonsburg, Pennsylvania, United States

All-Clad Metalcrafters LLC is a manufacturer of premium-quality branded cookware, kitchen tools and other kitchen products. All-Clad’s products are highly regarded by both professional chefs and home cooks for outstanding quality and performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-04 Reliant Healthcare Professionals

Greenwood Village, Colorado, United States

Reliant Healthcare Professionals, Inc. is one of the privately held providers of travel nurse staffing in the U.S. Reliant differentiates itself from other travel nurse providers by positioning itself as a premium, flexible, rapid response company.

Buy -