Embed Size (px)
Citation preview
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
The Flex Bedding Group, a global luxury bedding producer based in Spain, has acquired Canada-based Marshall Mattress to expand its North American presenceMarshall will enhance Flex’s leadership role in the global luxury sleep products sector by joining North American Brands Kluft and Aireloom (acquired in 2015)
Food & Beverage
▪
▪
BDT Capital Partners has acquired a significant minority stake in WhistlePig Whiskey, a Vermont-based distiller in the fast-growing luxury rye whiskey categoryWhistlePig views the partnership as an important step in its transition from a startup to a leading craft distiller; the deal has also provided liquidity for founder Raj Bhakta's full exit from the business
Apparel & Accessories
▪
▪
Netherlands-based optical retailer GrandVision, one of the world’s leading optical retailers with 7,000 stores (operating as ForEyes in the US market) has announced the acquisition of online eyewear store Charlie TempleCharlie Temple was founded in 2016 and has quickly grown to become the leading optical e-commerce player in the Benelux region
Recreational Products
▪
▪
Main Street Capital has acquired a majority stake in Tedder Industries, a manufacturer and marketer of firearm holsters and accessories, primarily under the Alien Gear brand nameMain Street's $24 million investment provides it 56% ownership in the business, a stake acquired from founder Thomas Tedder who will transition to a board advisory role
Personal Care▪
▪
Unilever has acquired The Laundress, a global premium eco-friendly line of detergent, fabric care, and home cleaning products, from its co-foundersUnilever anticipates leveraging its global reach to accelerate expansion of the brand, which has realized particularly fast growth among millennials in the US and China
Home, Garden & Pet▪
▪
Hyper-Pet, a manufacturer and marketer of innovative pet toys and interactive accessories, has acquired R2P Pet, an producer of pet products under the brands Ultra Paws, Mad Cat, Mega Mutt, and Mega ChewzThis marks the second add-on acquisition completed by Hyper-Pet since it was purchased by Guardian Capital Partners in 2016
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Enterprise Value / LTM EBITDA
Enterprise Value / LTM EBITDA
LTM Revenue Growth
Enterprise Value / LTM Revenue
Consumer Headline Transactions
6.1%
4.6%
5.9%
3.2%
5.3%4.5%
0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%8.0%9.0%
10.0%11.0%12.0%
Gift & HomeDécor
Food & Beverage Apparel &Accessories
RecreationalProducts
Personal Care Home, Garden &Pet
LTM
Rev
enue
Gro
wth
Note: EBITDA Margins in green
36.7% 39.2%
48.0%
35.3%
56.6%
35.2%
8.4%
18.7%12.3% 11.0%
17.3% 15.2%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Gift & HomeDécor
Food &Beverage
Apparel &Accessories
RecreationalProducts
Personal Care Home, Garden& Pet
LTM EBITDA M
arginLTM
Gro
ss M
argin
0.6x
2.4x
1.3x 1.1x
2.6x
2.0x
0.0
1.0x
2.0x
3.0x
4.0x
Gift & HomeDécor
Food & Beverage Apparel &Accessories
RecreationalProducts
Personal Care Home, Garden &Pet
EV /
LTM
Rev
enue
7.7x
14.3x
9.2x 8.7x
13.6x 12.5x
0.0
5.0x
10.0x
15.0x
20.0x
Gift & HomeDécor
Food & Beverage Apparel &Accessories
RecreationalProducts
Personal Care Home, Garden &Pet
EV /
LTM
EBI
TDA
Consumer & Retail Monthly February 2019
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Target Acquiror Acquisition SynopsisGift & Home Décor
▪
▪
DreamCloud Holdings, the fastest growing player in the online mattress industry, announced an agreement to acquire science-based bedding product company, Level Sleep LLC. TM Capital previously served as financial advisor to DreamCloud Holdings (d/b/a Nectar Sleep) in completing a growth equity and strategic partnership transaction
Food & Beverage
US Baking Business of The J.M. Smucker Company
▪
▪
Brynwood Partners acquired the U.S. Baking Business of The J.M. Smucker Company (NYSE: SJM) for $375 million, representing a revenue multiple of 1.0x Brands acquired include Pillsbury® baking mix as well as other center aisle labels such as Hungry Jack® pancake mix, White Lily® and Martha White® baking products, and Jim Dandy® quick grits
Apparel & Accessories
▪
▪
Delta Galil Industries Ltd., a manufacturer and marketer of private label apparel products, acquired Eminence SAS and its subsidiaries for $148 millionAcquired brands include Eminence, the second largest men's underwear brand in France, ATHENA, a French women's underwear brand, and Liabel, an Italian mass-market underwear and t-shirt brand
Recreational Products
▪
▪
Groupe Bénéteau, an international designer and manufacturer of boats and mobile homes, has purchased a 60% stake in the Slovenian performance sailing yacht company Seascape d.o.oThis transaction will extend Bénéteau into the small sailing yacht category, targeting novice sailers and younger enthusiasts with affordable, transportable cruisers
Personal Care▪
▪
Johnson & Johnson has entered an agreement to acquire Zarbee's Inc., a leader in naturally-based healthcare products The acquisition will include the full line of Zarbee's Naturals products for children and adults and is anticipated to help Johnson & Johnson bolster sales in their consumer-health division with an on-trend clean-label offering
Home, Garden & Pet▪
▪
Outward Hound, a designer and developer of pet toys owned by JW Childs, acquired Wholesome Pride Pet Treats, a producer of 100% all natural pet treats founded in 2013Wholesome Pride will become a new treat division within Outward Hound's pet products platform
Selected TM Capital Consumer Experience TM Capital’s Consumer Industry Contacts
Home, Garden & Pet
Recreational Products
Food & Beverage
Personal Care
Apparel & Accessories
Gift & Home Decor
LTM Stock Price Index
70%
80%
90%
100%
110%
120%
Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18
Sha
re P
rice
Inde
x
Food & Beverage90%
Gift & Home Décor88%
Personal care
102%
S&P 500104%
Recreational Products
Home, Garden and Pet 83%
86%
Apparel & Accessories
97%
David M. Felts
Managing Director [email protected]
404-995-6252
Craig M. Gibson
Managing Director [email protected]
617-259-2204
James S. Grien
Managing Director [email protected]
404-995-6235
Target Acquiror Transaction DescriptionSaint Tropez AF DK Company A/S Saint Tropez, a designer, and manufacturer of women's clothing
with stores in Denmark and Sweden has been divested from IC group to DK Company, a designer and supplier of fashion and lifestlye products in Europe and internationally
Tom Tailor SE Fosun International Limited
Fosun International Limited, a Chinese fashion conglomerate including the Lanvin, Wolford, and Caruso Suiting brands, has announced the acquisition of Tom Tailor, a German-based integrated fashion and lifestyle company
Target Acquiror Transaction DescriptionWally Yachts Ferretti S.p.A The Ferretti Group, designers, builders and marketers of motor
yachts, has announced plans to acquired Italian sailing yacht manufacturer Wally Yachts; Wally will join Ferretti's portfolio of brands including Riva, Pershing, and Mochi Craft
Kialoa Paddles Inc. Werner Paddles Kialoa, an Oregon-based manufacturer of outrigger and stand-up paddleboard paddles, has been acquired by Werner Paddles, a Washington-based manufacturer of paddles for canoes, kayaks, and paddleboards
Target Acquiror Transaction DescriptionRoC Skincare Brand of Johnson & Johnson
Gryphon Investors Johnson & Johnson has divested RoC Skincare, a market-leading anti-aging skincare brand, to private equity firm Gryphon Investors; it is the firm's second investment in the beauty sector following its purchase of Milani Costmetics in June 2018
Tender Corporation Victor Capital Partners
Victor Capital Partners has acquired Tender Corporation, a developer and marketer of insect repellents, bite treatments, and sunburn products from private equity firm Prospect Partners
Target Acquiror Transaction DescriptionTarget Acquiror Transaction DescriptionPoochie-Pets LLC Only An Ocean LLC Poochie-Pets, a manufacturer of pet care products including the
PoochieBell, has been acquired by Only an Ocean, a provider of sales and marketing services to pet brands, products and services
Invisible Fence South, Inc.
Radio Systems Corporation
Radio Systems Corporation, the parent company of Invisible Fence, has acquired Invisible Fence South, a distributor to five Invisible Fence dealerships in the South; this marks Radio Systems' fifth Invisible Fence distributor acquisition since 2017
Target Acquiror Transaction DescriptionChi Limited The Coca-Cola
CompanyCoca-Cola has completed the acquisition of Chi Limited, a fast-growing Nigerian producer and marketer of beverages incuding juices (under the Chivita brand), value-added dairy (under the Hollandia brand) and iced tea
Sky Bar Brand Duck Soup, Inc. Sky Bar Brand of the New England Confectionary Company (NECCO) has been purchased by specialty grocer Duck Soup; this marks the final NECCO asset sale since the Company's 2018 bankruptcy and sale of its primary candy wafer brand to Spangler Candy
Selected Consumer Transactions
Target Acquiror Transaction DescriptionNorthern Lights Enterprises
Zippo Manufacturing Company
Zippo Manufacturing Company has expanded its product line and distribution channels with the acquisition of Northern Lights Enterprises, a leading designer of luxury candles and artisan-made accessories in the United States
Online Home Retail Ltd. (d/b/a Plumbworld)
Management Buy-Out The management team at Plumbworld, a bathroom products e-commerce retailer, completed a buy-out of the online platform from corporate parent Grafton plc, a U.K.-based builders merchant, with funding provided by Panoramic Growth Equity
Philip S. Krieger
Managing Director [email protected]
404-995-6242
Kevin Atchue
Vice President [email protected]
617-259-2209
tmcapital.com
ATLANTA BOSTON NEW YORK
