Deal of the Year, Large Market, 2016: Charlesbank Capital


FullBeauty, Deal of the Year, Large Market, 2016, RTX1XYRT
SNAPSHOT
  • Company: FullBeauty Brands
  • Lenders: Goldman Sachs, lead arranger of debt financing for acquisition and three dividend  recaps
  • Legal advisor: Goodwin Procter
  • Financial adviser: J.P. Morgan Chase and Jefferies ran dual-track sale and IPO process
  • Accountant:  PWC
WHY THEY WON
  • Deal generated 10.2x gross return  in less than three years
  • Gross IRR of 255 percent
  • Bought business for 6x EBITDA; sold it for 10.3x EBITDA
  • Doubled EBITDA to $173.2 mln from $86.5 mln
  • EBITDA margins increased to 17.7 percent from 10.7 percent
 Charlesbank Capital Partners spotted potential that others missed in the company that would become FullBeauty Brands. At the time, the specialist in plus-sized clothing carried the name OneStopPlus.com and its parent was PPR, known more for its stable of higher ...

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