M&A Deal Summary

Webster Equity Partners Acquires Best Friends Pet Care

On April 29, 2013, private equity firm Webster Equity Partners acquired consumer services company Best Friends Pet Care from Brynwood Partners

Acquisition Highlights
  • This is Webster Equity Partners’ 1st transaction in the Consumer Services sector.
  • This is Webster Equity Partners’ 17th transaction in the United States.
  • This is Webster Equity Partners’ 1st transaction in Washington.
Investment Fate
  • Best Friends Pet Care was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2013-04-29
Target Best Friends Pet Care
Sector Consumer Services
Buyer(s) Webster Equity Partners
Sellers(s) Brynwood Partners
Deal Type Secondary Buyout

Target

Best Friends Pet Care

Kent, Washington, United States
Best Friends Pet Care, Inc. is a provider of services to pet owners and their companion animals, operating 42 boarding, grooming, training and veterinary centers.

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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 17 of 49
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 8
State: Washington M&A 1 of 1
Country: United States M&A 17 of 47
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 FullBeauty Brands

New York, New York, United States

FullBeauty Brands operates an online marketplace and portfolio of fashion and lifestyle brands that provide apparel, intimates, footwear, swimwear, and home products tailored primarily to plus-size women and big-and-tall men. FullBeauty Brands was formed in 1901 and is based in New York, New York.

Buy $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 Hudson Clothing

Commerce, California, United States

Hudson Clothing LLC is a designer and marketer of premium branded denim apparel. Hudson Clothing was formed in 2002 and is based in Commerce, California.

Sell $98M

Seller(S) 1

SELLER

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $25 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 10 of 19
Sector: Consumer Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 7
State: Washington M&A 1 of 1
Country: United States M&A 9 of 18
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 Sun Country Foods

Norwood, Massachusetts, United States

Sun Country Foods is a manufacturer and marketer of the Kretschmer wheat germ brand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Lightlife Foods

Turners Falls, Massachusetts, United States

Lightlife Foods is a food brand with product lines that include vegetarian-based burgers, hotdogs and other meatless frozen and refrigerated items. Lightlife Foods was formed in 1979 and is based in Turners Falls, Massachusetts.

Buy -