Harris Williams & Co. Advises Skip Hop Holdings, Inc. on its Sale to Carter’s, Inc.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of Skip Hop Holdings, Inc. (Skip Hop), a portfolio company of Fireman Capital Partners (FCP), to Carter’s, Inc. (Carter’s; NYSE: CRI). Skip Hop is a leading provider of branded products and accessories for parents, babies and kids worldwide. Harris Williams & Co. served as the exclusive advisor to Skip Hop. The transaction was led by Brent Spiller, Marshall Printy and Zach Ledwith of Harris Williams & Co.’s Consumer Group.
“We are extremely happy to have represented Skip Hop on its sale to Carter’s,” said Brent Spiller, a managing director at Harris Williams & Co. “Skip Hop is one of the most exciting brands within the infant and juvenile category with a passionate consumer following. We are delighted to have paired Skip Hop with a long-term partner in Carter’s who shares Skip Hop’s passion for the brand and vision for the future. This transaction marks another important milestone in our firm’s extensive track record advising premier brands in the infant and juvenile sector.”
Skip Hop, founded in New York City in 2003 by Ellen and Michael Diamant, is one of the fastest growing and most recognized global brands for parents, babies and toddlers worldwide. Their core philosophy begins and ends with "Must-Haves Made Better.” The company designs innovative, functional products that make parenting easier, better and more fun. Product categories include diaper bags, on-the-go accessories, infant toys, nursery gear, bath, feeding and the ZOO line of toddler products. Skip Hop products are sold at over 5,000 stores in the U.S. and Canada and in over 60 countries worldwide.
FCP invests in consumer-focused companies through both growth equity and buyout transactions. The private equity firm focuses on dynamic consumer businesses with revenues between 30 million and 150 million, who also have a unique vision, strong product and market share and sound management. FCP leverages its capital, extensive network and deep operating expertise to add substantial value. The firm is currently invested in Oskar Blues Brewery Holdings, Newton Running, Idea Paint and Surfside Coffee Company, with realized investments in Hudson Jeans, Evolution Fresh and Serena and Lily, in addition to Skip Hop.
Carter’s is one of the largest branded marketers in the U.S. and Canada of apparel and related products exclusively for babies and young children. The company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains and specialty retailers domestically and internationally. They are also sold through nearly 1,000 company-operated stores in the U.S. and Canada and online. The company’s Just One You, Precious Firsts and Genuine Kids brands are available at Target and its Child of Mine brand is available at Walmart. Carter’s is headquartered in Atlanta, Georgia.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.