Harris Williams & Co. is pleased to announce the sale of The ERGObaby Carrier, Inc. (ERGObaby) to Compass Diversified Holdings. The transaction closed on September 16, 2010. Harris Williams & Co. acted as the exclusive advisor to ERGObaby. The transaction was led by Craig Lawson and Tara Smith from the firm’s San Francisco office.
“ERGObaby is the global leader in soft structured baby carriers and has revolutionized the product category,” said Craig Lawson. “The company has exhibited phenomenal growth and possesses tremendous potential going forward. Compass provides them a partner that understands the branded consumer products space and the “mission” of the company, and possesses the financial wherewithal to allow the company to further capitalize on its tremendous leadership position.”
Founded in 2003, ERGObaby is a worldwide leader in high-quality, innovative babywearing products and accessories. ERGObaby designs and sells hands free baby carriers, for babies, from newborn to toddler that can be worn in the front, back, or hip positions, as well as associated accessories.
Compass Diversified Holdings (NASDAQ:CODI) owns and manages a diverse family of established North American middle market businesses. Each of its eight subsidiaries is a leader in their niche market. CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. The company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in their long-term growth and to make cash distributions to its owners.
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 and provides sell side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, an Appointed Representative of Sturgeon Ventures LLP, which is authorized and regulated by the Financial Services Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker, marketing director, at +1 (804) 648-0072.
Contacts:
Kimberly Baker, marketing director
+1
(804) 648-0072
