M&A Deal Summary

Mill Road Capital Acquires RG Barry Bands

On May 5, 2014, private equity firm Mill Road Capital acquired apparel/textiles company RG Barry Bands for 215M USD

Acquisition Highlights
  • This is Mill Road Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is Mill Road Capital’s largest (disclosed) transaction.
  • This is Mill Road Capital’s 6th transaction in the United States.
  • This is Mill Road Capital’s 1st transaction in Ohio.

M&A Deal Summary
Date 2014-05-05
Target RG Barry Bands
Sector Apparel/Textiles
Buyer(s) Mill Road Capital
Deal Type Going Private
Deal Value 215M USD
Advisor(s) Solomon Partners (Financial)
Vorys, Sater, Seymour and Pease LLP (Legal)

Target

RG Barry Bands

Pickerington, Ohio, United States
website
RG Barry Bands is a provider of accessories brands and fashionable, solution-oriented products that make life better. RG Barry Brands include Dearfoams slippers, baggallini handbags, totes, travel accessories, and Foot Petals premium insoles and comfort products. RG Barry Bands was founded in 1947 and is based in Pickerington, Ohio.

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Buyer(S) 1

Buyer

Mill Road Capital

Greenwich, Connecticut, United States

website

Category Private Equity Firm
Founded 2004
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Mill Road Capital is a private investment firm focused on partnering with publicly traded micro-cap companies in the US and Canada. The Firm pursues a variety of strategies including open market share purchases, block trades, acquisition financing, growth financing, mezzanine financing, as well as sponsoring take privates. Sectors of interest include retail, manufacturing, business services, and consumer products. Mill Road was formed in 2004 by former Blackstone professionals. The Firm is based in Greenwich, Connecticut.

DEAL STATS #
Overall 8 of 13
Sector (Apparel/Textiles) 1 of 1
Type (Going Private) 4 of 5
State (Ohio) 1 of 1
Country (United States) 6 of 10
Year (2014) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 Lignetics

Louisville, Colorado, United States

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Louisville, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 Vision7 International

Quebec City, Quebec, Canada

Vision7 is a fully integrated marketing communications company that serves various well-known brands in North America and worldwide. Vision7 has four operating divisions: Cossette, Vision7 Media, Citizen Relations and Dare. Cossette is Canada’s biggest marketing communications agency that provides fully integrated advertising services; Cossette has offices in Quebec City, Montreal, Toronto, Vancouver, Halifax and Chicago. Vision7 Media is Canada’s largest independent media planning, buying group, operating primarily under the Cossette Media and Jungle Media brands; Citizen Relations is a leading public relations company with an international presence (US, Canada and UK) and multiple global partnerships; Dare is a digital-based agency that focuses on advertising, digital marketing, Internet communications and social media. Vision7 International was founded in 2010 and is based in Quebec City, Canada.

Sell -
Mergr

Product

Company

Legal