Harris Williams Consumer Update

What We've Been Doing

Closed HW Transactions

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Fitness World, a portfolio company of FSN Capital, has been acquired by PureGym, a portfolio company of Leonard Green & Partners.

Fitness World is a leading fitness operator in Europe. This transaction extended the firm’s experience in the fitness space.

 

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Groundworks, a portfolio company of Succession Capital Partners, has entered into a growth capital partnership with Cortec Group.

Groundworks is the nation’s largest privately held residential foundation services company. Succession will remain an investor in the company, and Matt Malone will continue as CEO.

 

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American Freight Group Inc., a portfolio company of The Jordan Company, has been acquired by Franchise Group Inc.

American Freight is a leading value furniture retailer with over 170 locations in the United States.

 

What We've Been Reading

Ahead of the Pack: M&A 2019

After a strong end to the 2019 year for M&A, there is anticipation of 2020 being another solid year. There are a number of trends that are likely to have an impact on the M&A market that will drive momentum throughout the year. See full article here.

In the US Middle Market, Soaring Valuations Beget an Add-On Frenzy

Competition against private equity buyers are heating up as add-on acquisitions are on the rise. 2019 was a high-valuation market for sellers due to the rise of share of total deals over the past 12 months. Heading into 2020, it is expected that the middle market will continue to utilize add-ons in order to complete lower-multiple acquisitions. See full article here.

Content Recap

30k Feet: Key Takeaways From the Medical Spa Show 2020

Managing Director Corey Benjamin attended the Medical Spa Show 2020. In this article, he shares his key takeaways on the event.

Consumer Healthcare: Creating Value by Crossing Industries

The healthcare industry is changing as it becomes more consumer focused. In this article, Harris Williams healthcare and consumer managing directors come together to  share their definition of the space and insight on investor opportunity.

Public Markets Overview

Key Trading Statistics1

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Public Company Sector Performance (12-Month % Change in Stock Price)1

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Consumer and Retail Industry Stock Performance1

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Recent Equity Offerings1

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M&A Overview

Announced Consumer and Retail M&A1

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Recent Equity Offerings1

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Public Comparables1

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M&A Transactions

Recent North American Consumer M&A1

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1. Capital IQ

 

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