Deal of the Year, Small Market, 2015: High Road Capital Partners


A patchwork quilt
SNAPSHOT
  • Company: Handi Quilter Holdings
  • Lenders: US Bank with senior debt; Bason Capital with mezzanine debt
  • Legal adviser: Jones Day
  • Financial adviser: Piper Jaffray
WHY THEY WON
  • Handi Quilter grew revenue by 72.4 pct
  • EBITDA increased by 70 pct
  • Total employees jumped by more than 50 pct
  • Introduced professional quilting machine in fall of 2014

Targeting a niche market like quilting helped High Road Capital Partners sew up a profitable exit.

In 2011, High Road became the third private equity owner of Handi Quilter Holdings Inc. The investment came from High Road’s debut fund, which raised $152.9 million in 2007. North Salt Lake, Utah-based Handi Quilter develops and makes quilting machines ...

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