consumer monthly march 2016 - tm capital corp....markets gree o cquire rg's tio sports visio fo $400...

4.3%

0.8%1.6%

5.1%

(4.4%)

2.8%

(6.0%)

(4.0%)

(2.0%)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

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 •

•

The Michaels Companies, Inc. (NasdaqGS:MIK), an arts and crafts specialty retailer, acquired Lamrite West for $150 millionLamrite West, doing business as Darice, is a wholesale distributor of craft products to craft, party, toy, drug and grocery stores, and operates 34 Pat Catan's Craft Centers

Food & Beverage •

•

Hammond, Kennedy, Whitney & Company Inc., a private equity firm, acquired Panos Brands from High Road Capital Panos Brands, LLC is a consumer packaged goods company with a portfolio of natural and specialty food and beverage products

Apparel & Accessories

•

•

ZAGG Inc (NasdaqGS:ZAGG), a provider of mobile device solutions, agreed to acquire Mophie, inc. for $100 millionMophie, inc. is a provider of battery cases, battery and storage products, universal batteries, belt clips, docks and cables, and adapters

Recreational Products

Action Sports Division

•

•

Vista Outdoor Inc. (NYSE:VSTO), a marketer of consumer products for sports and recreation markets, agreed to acquire BRG's Action Sports division for $400 millionBRG Sports' Action Sports division includes leading helmet brands Bell and Giro, and C-Preme and Blackburn

Personal Care•

•

The Estée Lauder Companies Inc. (NYSE:EL), a marketer of skin care, makeup, fragrance and hair care products, acquired By KilianBy Kilian is a French marketer of fragrances, candles and other accessories

Home, Garden & Pet

•

•

Jet.com, Inc., a smart shopping platform that allows its member to shop online from various retailers, agreed to acquire Hayneedle Inc.Hayneedle is an online specialty retailer of indoor and outdoor furniture, home and kitchen accessories

Consumer Headline Transactions

LTM Gross & EBITDA Margins

Enterprise Value / LTM EBITDAEnterprise Value / LTM Revenue

Consumer MonthlyMarch 2016

Note: EBITDA Margins in green

LTM Revenue Growth

37.1% 37.2%

46.8%

34.9%

54.6%

35.9%

10.1%

16.7%13.8%

11.6%

18.0%15.6%

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

0.7x

2.5x

1.2x 1.3x

2.1x 1.7x

0.0

1.0x

2.0x

3.0x

4.0x

Gift & HomeDécor

Food &Beverage




EV /

LTM

Rev

enu

e

7.5x

14.0x

9.9x 11.4x 12.0x 12.1x

0.0

5.0x

10.0x

15.0x

20.0x

Gift & HomeDécor

Food &Beverage




EV /

LTM

EB

ITD

A

60%

70%

80%

90%

100%

110%

120%

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16

Shar

e Pr

ice

Inde

x

S&P 500

Recreational Products

Home, Garden & Pet

Food & Beverage

Apparel & Accessories

Gift & Home Décor

Personal Care

107%

94%

94%

103%

91%

83%

80%

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

Monica Vinader Ltd Piper PE LLP and Winona Capital Management, LLC

Piper PE and Winona Capital Management acquired Monica Vinader, UK based provider of affordable luxury jewelry

Flint And Tinder USA, LLC Huckberry LLC Huckberry, an online retailer of apparel, footwear and home goods, acquired Flint And Tinder, a designer and manufacturer of men's underwear


Stag Arms LLC White Wolf Capital LLC White Wolf Capital, a private equity firm, acquired Stag Arms, a manufacturer and marketer of rifles

Kitbag Ltd. Fanatics, Inc. Fanatics, an online retailer of sports merchandise, acquired Kitbag, a UK based online retailer of sports merchandise

LTM Stock Price Index

Food & Beverage

Apparel & Accessories Recreational Products

Personal Care Home, Garden & PetTarget Acquiror Transaction Description

Procter & Gamble's Escudo soap brand

Kimberly-Clark de Mexico

Kimberly-Clark de México, a marketer of personal care, consumer tissue and professional products, agreed to acquire P&G's Escudo soap brand

Vitamin World, Inc. Centre Lane Partners, LLC

Centre Lane Partners, a private equity firm, acquired Vitamin World, a provider of wellness and nutrition products


Day Six Pet Nutrition, LLC

C.J. Foods Inc. C.J. Foods, a manufacturer of dry, superpremium pet food, acquired Day Six Pet Nutrition, a manufacturer of specialty dry pet food

Pointer Pet Products Ltd. Fold Hill Foods Limited Fold Hill Foods, a UK based provider of pet food, acquired Pointer Pet Products, a UK based provider of pet treats and biscuits for dogs


Chef Creations, Inc. Kettle Cuisine, Inc. Kettle Cuisine, a provider of soups, chilis and chowders, acquired Chef Creations, a provider of soups and sauces for restaurants and retail operations

Raymundo's Food Group, LLC

AUA Private Equity Partners, LLC

AUA, a private equity firm, acquired Raymundo's, a provider of gelatin, pudding and Latino specialty gels

Selected Consumer Transactions


Zenith Products Corporation

Laces Group Laces Group, a Canadian provider of home fashion products, acquired Zenith Products, a provider of bath storage and organizational products for homes

Furniture Factory Outlet, LLC

Sun Capital Partners, Inc. Sun Capital Partners, a private equity firm, acquired Furniture Factory Outlet, a home furnishings retailer

consumer monthly march 2016 - tm capital corp....markets gree o cquire rg's tio sports visio fo $400...

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