CITG Capital Partners has sold branded merchandise distributor Evigna to Bensussen Deutsch & Associates Inc. No financial terms were disclosed. Cobblestone|Harris Williams advised Evigna on the sale.
Cobblestone | Harris Williams announces the sale of Evigna, a portfolio company of CITG Capital Partners (CITG), to strategic buyer Bensussen Deutsch & Associates, Inc. (BDA). The transaction closed on May 20, 2010. Cobblestone acted as the exclusive advisor to Evigna. The transaction was led by Patrick Hanraty, David Allebach and Nathan Bouknight from the firm’s Philadelphia office.
Founded in 1985, Evigna has grown to become among the nation’s top 40 distributors of branded merchandise. Evigna provides a full range of services designed to help its clients bring their brands to life through the creation, manufacturing and delivery of quality branded merchandise.
CITG Capital Partners, based in Troy, Michigan, is a growth orientated private equity firm with a 20 year history of investing in entrepreneurial companies across a wide variety of industries. CITG, representing capital committed by families and private individuals, takes an opportunistic approach to investing with a flexible view on capital structure, investment size and ownership stake.
BDA, the nation’s first and only Merchandise Agency, provides marketing services and customized branded merchandise to Fortune 500 enterprises, major sports leagues and global entertainment holding companies. Clients come to BDA to extend their reach through custom branded-merchandise campaigns, integrated e-commerce marketing, and sports and entertainment sponsorship activation.
Cobblestone | Harris Williams (www.cobblestonehw.com) is a specialty group of Harris Williams & Co. Cobblestone provides trustworthy advice and superior execution on private company sales, corporate divestitures, acquisitions, recapitalizations, restructurings and complex valuations for lower-middle market transactions. Cobblestone’s professionals have advised on M&A and financing transactions representing more than $5 billion in value since 1998, making it one of the nation’s most experienced and successful advisors dedicated solely to the lower-middle market.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier middle market advisor with a two decade legacy of sell side excellence serving clients worldwide. The firm is focused exclusively on the middle market providing sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co. and Cobblestone | Harris Williams are trade names under which Harris Williams LLC conducts its business. Harris Williams LLC is a registered broker-dealer and member FINRA/SIPC.