consumer monthly january 2017 - tm capital...

1.2%

2.7%

0.5%

7.4%

1.6%

0.6%

0.0%

2.0%

4.0%

6.0%

8.0%

Gift & HomeDécor

Food &Beverage

Apparel &Accessories

RecreationalProducts

Personal Care Home, Garden &Pet

LTM

Rev

enu

e G

row

th

Target Acquiror Acquisition Synopsis

Gift & Home Décor •

•

Bain Capital Private Equity, LP, a private investment firm, agreed to acquire Innocor Inc. from Sun Capital PartnersInnocor Inc. is a provider of foam mattresses, pillows, specialty sleep products, furniture, kitchen mats, bathroom mats, utility mats and memory foam mattress toppers

Food & Beverage•

•

Ferrero, an Italian marketer of chocolate products, bakery products, snacks, spreads, mints and drinks, acquired Delacre from Yildiz's subsidiary, United BiscuitsDelacre, based in Belgium, comprises the Delacre and Delichoc biscuit brands

Apparel & Accessories

•

•

Caleres, Inc. (NYSE:CAL) a retailer and wholesaler of footwear, acquired Allen Edmonds Corporation from Brentwood Associates for $255 millionAllen Edmonds Corporation is a marketer of men’s premium handcrafted leather footwear and accessories

Recreational Products •

•L Catterton, a private equity firm, acquired Cicli Pinarello S.p.ACicli Pinarello S.p.A is an Italian manufacturer and marketer of road bikes, apparel and accessories

Personal Care •

•

Prestige Brands Holdings, Inc. (NYSE:PBH), a marketer of over-the-counter ("OTC") healthcare and household cleaning products, agreed to acquire C.B. Fleet Company from Gryphon Investors for $825 million, representing a 4.0x EV / Revenue multipleC.B. Fleet Company is a manufacturer, marketer, and distributor of feminine care and other OTC healthcare products

Home, Garden & Pet •

•Littlejohn & Co. LLC, a private equity firm, agreed to acquire Brown Jordan InternationalBrown Jordan International is a manufacturer of indoor and outdoor furniture serving a variety of commercial and consumer markets

Consumer Headline Transactions

LTM Gross & EBITDA Margins

Enterprise Value / LTM EBITDAEnterprise Value / LTM Revenue

Consumer MonthlyJanuary 2017

Note: EBITDA Margins in green

LTM Revenue Growth

37.4% 38.8%

46.7%

37.9%

56.7%

36.8%

8.8%

17.5%13.1% 12.7%

18.7% 16.7%

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



Personal Care Home, Garden& Pet

LTM EB

ITDA

Margin

LTM

Gro

ss M

argi

n

0.8x

2.7x

1.1x 1.2x

2.4x 2.1x

0.0

1.0x

2.0x

3.0x

4.0x

Gift & HomeDécor

Food &Beverage




EV /

LTM

Rev

enu

e

8.3x

14.2x

10.6x 9.8x

12.8x 12.2x

0.0

5.0x

10.0x

15.0x

20.0x

Gift & HomeDécor

Food &Beverage




EV /

LTM

EB

ITD

A

80%

90%

100%

110%

120%

130%

Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16

Shar

e Pr

ice

Inde

x

Food & Beverage

Personal Cae

Gift & Home Décor

Home, Garden & Pet

Recreational Products

Apparel & Accessories

S&P 500

127%

108%

108%

111%

107%

100%

96%

New York641 Lexington Avenue30th FloorNew York, NY 10022Tel: 212.809.1360

Boston201 Washington Street32nd FloorBoston, MA 02108Tel: 617.259.2200

Atlanta3575 Piedmont Rd NE Suite 1010Atlanta, GA 30305 Tel: 404.995.6230

www.tmcapital.com

TM Capital’s Consumer Industry Contacts

Craig M. Gibson Managing Director

[email protected] 617-259-2204

James S. Grien Managing Director


Philip S. Krieger Principal


Gift & Home Décor

Selected TM Capital Consumer Experience

Target Acquiror Transaction Description

Pebble Technology Corp. Fitbit, Inc. (NYSE:FIT) Fitbit, a provider of wearable health and fitness tracking devices, acquired Pebble Technology, a marketer of smartwatches

Buccellati Holding Italia SpA

Gangtai Group Gangtai Group, a Chinese conglomerate, agreed to acquire Buccellati, an Italian provider of fine jewelry, luxury watches and silverware


Aqua Lung International Montagu Private Equity LLP

Montagu Private Equity, a UK based private equity firm, acquired Aqua Lung, a French provider of scuba diving gear

CARDIOfitness GmbH & Co. KG

Dyaco International Inc. (TSEC:1598)

Dyaco, a Taiwan based provider of fitness equipment and sporting goods, agreed to acquire CARDIOfitness, a German online marketer of fitness equipment

LTM Stock Price Index

Food & Beverage

Apparel & Accessories Recreational Products

Personal Care Home, Garden & PetTarget Acquiror Transaction Description

Hypermarcas S.A., Personal Hygiene Business

Ontex Group NV (ENXTBR:ONTEX)

Ontex Group, a Belgium marketer of personal hygiene products, agreed to acquire the personal hygiene business of Hypermarcas, for $305 million

Laura Geller, Julep and Clark’s Botanicals

Glansaol LLC Glasonol, formed in partnership with Warburg Pincus, launched with the acquisitions of Laura Geller, Julep and Clark’s Botanicals, three beauty and personal care businesses


Dublin Dog Company, Inc.

Outward Hound Outward Hound, a marketer of plush toys, travel gears, and games and puzzle toys for dogs, acquired Dublin Dog, a provider of collars, leashes, gears, beds and toys for pets

Jeyes Group Ltd., Selected Home Care Brands

Henkel AG & Co. KGaA (DB:HEN3)

Henkel, a German provider of laundry and home care, beauty care, and adhesive technology products, acquired selected home care brands in the UK and Ireland from Jeyes Group


Victoria Fine Foods Holding Company and Victoria Fine Foods, LLC

B&G Foods, Inc. (NYSE:BGS)

B&G, a provider of food and household products,acquired Victoria, a provider of premium pasta and specialty sauces, savory condiments and gourmet spreads, for $70.0 million

Sweet Harvest Foods Inc. Natural American Foods, Inc.

Natural American Foods, a provider of honey and commercial sweeteners, acquired Sweet Harvest Foods, a provider of honey, peanut butter and syrup products

Selected Consumer Transactions


Smith Mountain Industries, Inc.

Newell Brands Inc. (NYSE:NWL)

Newell, a marketer of consumer goods, acquired Smith Mountain, a provider of home fragrance products, primarily marketed under the WoodWick® Candle brand, for $100 million

Lladró S.A. PHI Asset Management Partners

PHI Asset Management, a Spain based private equity firm, agreed to acquire Lladró, a Spain based marketer of porcelain home décor products

consumer monthly january 2017 - tm capital...

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