Interviews
News Flash
American Capital Strategies acquires Potpourri Group for $188mn
22 Jun '05
5 min read
Buyout firm American Capital Strategies Ltd announced it has invested $188 million in the buyout of Potpourri Group Inc ("PGI"), a multi-title catalog company offering a broad product line of distinctive home décor, casual apparel, gifts and unique accessories.
American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and redeemable preferred and common equity. American Capital is also providing a revolving credit facility. PGI management is investing in equity and will continue to manage the Company. Post close, American Capital owns approximately 83% of PGI on a fully diluted basis.
"Our one-stop buyout of Potpourri Group is our 8th buyout of 2005," said American Capital COO Ira Wagner. "Our ability to rapidly conduct thorough in-house due diligence and fund the entire capital structure of a transaction definitely sets us apart from our competition. We're pleased to partner with a seasoned management team as they continue to build their existing platform company and acquire complementary direct-to-consumer catalogs."
American Capital has invested $2.5 billion in the last twelve months, $1.2 billion year to date and $800 million quarter to date. For more information about American Capital's portfolio click here.
"Through its portfolio of 12 diverse catalog titles, PGI caters to one of the largest, fastest growing and attractive demographics in the country: middle-to-upper-middle income female baby boomers, who increasingly rely on the convenience, speed and ease of catalog shopping due to the greater demands placed upon them in the workplace and at home," said American Capital Regional Managing Director Brian Graff. "In addition to providing its target audience with an enormous selection of specialty, niche products, PGI's portfolio creates a well-diversified revenue stream."
American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and redeemable preferred and common equity. American Capital is also providing a revolving credit facility. PGI management is investing in equity and will continue to manage the Company. Post close, American Capital owns approximately 83% of PGI on a fully diluted basis.
"Our one-stop buyout of Potpourri Group is our 8th buyout of 2005," said American Capital COO Ira Wagner. "Our ability to rapidly conduct thorough in-house due diligence and fund the entire capital structure of a transaction definitely sets us apart from our competition. We're pleased to partner with a seasoned management team as they continue to build their existing platform company and acquire complementary direct-to-consumer catalogs."
American Capital has invested $2.5 billion in the last twelve months, $1.2 billion year to date and $800 million quarter to date. For more information about American Capital's portfolio click here.
"Through its portfolio of 12 diverse catalog titles, PGI caters to one of the largest, fastest growing and attractive demographics in the country: middle-to-upper-middle income female baby boomers, who increasingly rely on the convenience, speed and ease of catalog shopping due to the greater demands placed upon them in the workplace and at home," said American Capital Regional Managing Director Brian Graff. "In addition to providing its target audience with an enormous selection of specialty, niche products, PGI's portfolio creates a well-diversified revenue stream."
Popular News
Leave your Comments
Editor’s Pick
Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Ashish Saraf
Technocraft Industries (I) Ltd
Dr. Sameer Sood
National Institute of Fashion Technology
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
