PARTNERSHIP CAPITAL GROWTH ACTED AS EXCLUSIVE FINANCIAL ADVISOR TO GOLD VIOLIN
Gold Violin, a producer of helpful products aimed at aiding the aging population in independent living, has been acquired by Orchard Brands. Partnership Capital Growth acted as exclusive financial advisor to Gold Violin.
Gold Violin’s Board of Directors hired PCGA in early 2007 to explore strategic alternatives for the Company. PCGA led an extensive process which evaluated multiple investment options, including minority/majority equity, recapitalization and a full sale. PCGA ultimately recommended a full sale of the Company to a strategic buyer to maximize returns for the current shareholders. The sale also provided the Gold Violin management team with an opportunity to participate in the future success of the business while bringing capital, infrastructure and other resources to continue building the GV brand. Gold Violin was acquired by Orchard Brands in the third quarter of 2007.
About Gold Violin
Gold Violin is the premier company dedicated to bringing consumers helpful products for independent living. In a category traditionally defined by bland, depressing products, Gold Violin infuses the market with a sense of optimism, elegance and style. Gold Violin markets its products to baby boomers who are buying for aging parents, and seniors buying products for themselves, friends or relatives. The Company sells its products through its direct mail catalog, website, QVC, and select retail outlets. Gold Violin's offices are located in Hillsboro, OR and Charlottesville, VA.
www.goldviolin.com
About Orchard Brands
A portfolio company of Golden Gate Capital, Orchard Brands is a leading, multi-channel marketer of apparel and home products focused on serving the needs of the rapidly growing market segment of women and men above the age of fifty-five. With more than $1.1 billion of revenues, Orchard Brands provides quality products to consumers through the direct channels of catalog, Internet and retail, with a relentless focus on delivering superior service. Orchard Brands is made up of the brands Appleseed’s, Blair, Draper's & Damon's, Gold Violin, Haband, Norm Thompson, Sahalie, Solutions, Tog Shop, and WinterSilks.
About Partnership Capital Growth
Partnership Capital Growth is a FINRA/SIPC licensed broker dealer that provides full service merger and acquisition, financing and capital structure advisory services to middle market companies. PCGA focuses exclusively on consumer products and services in the area of healthy, active and sustainable living. PCGA is based in San Francisco, California.
www.pcg-advisors.com
Please feel free to contact Brent Knudsen or Brian Smith at brent@pcg-advisors.com or brian@pcg-advisors.com to discuss this transaction. |
