COSTA MESA, Calif., Nov. 15, 2007 (PRIME NEWSWIRE) -- Linsalata Capital Partners has acquired the assets of Transpac Imports, Inc. Terms of the transaction were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to Transpac. Sheppard Mullin Richter & Hampton LLP served as legal advisors to Transpac.
Dan DeSantis, a principal of Linsalata Capital Partners, said Transpac's market share and broad product offerings made it an attractive acquisition candidate. "The company is recognized by its highly diversified customer base for offering a strong value proposition, exceptional customer service and a superior supply chain network with outstanding product development capabilities."
"Transpac was looking for an investor that would maximize the valuable cross-border corporate operations and infrastructure they had successfully built," said Charlene Davidson, senior managing director, RSM EquiCo Capital Markets. "While Transpac had several interested parties, it was clear that Linsalata was the best fit due to its measurable experience and a deep understanding of global business models. The resulting transaction further validates the impressive efforts of the past 10 years and highlights the exciting opportunity ahead."
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Charlene Davidson, senior managing director, Greg Miller, vice president, and Richard Rhyu, associate vice president, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the FINRA and SIPC. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
About Transpac Imports, Inc.
Founded in 1996 and headquartered in Vacaville, Calif., Transpac Imports, Inc. (www.shoptii.com) is a privately held importer, distributor and wholesaler of seasonal home and garden decorations and giftware. The company imports approximately 5,000 products from a network of approximately 70 suppliers, vendors and manufacturers based throughout China. Its primary sales channel consists of mid-size retailers and wholesalers, gift shops, craft stores, florists and grocery/drug stores. Sales are spread across approximately 10,000 active accounts in the United States and internationally.
About Linsalata Capital Partners
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners (www.linsalatacapital.com) was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 23 years of investing, the firm has completed 85 buy-side transactions totaling more than $2 billion. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, which has $425 million in committed equity capital.