NEW YORK (February 23, 2017) – McDermott Will & Emery acted as legal advisor to consumer-focused private equity firm Fireman Capital and portfolio company Skip Hop, Inc. on the latter’s sale to Carter’s, Inc. (NYSE: CRI) for $140 million in cash plus future incentives.
The McDermott Will & Emery team representing Fireman Capital Partners and portfolio company Skip Hop, Inc. was led by corporate partners Todd Finger and Frank Steinherr with assistance from corporate partner Lindsey Reighard; tax partners Dan Zucker and Tom Young; real estate partners Elias Eliopoulos and Dan Martin; finance partner Adam Spiegel; executive compensation and labor, employment and benefits partners Maureen O’Brien and Joe Urwitz; antitrust partner Carla Hine; environmental partner Daphne Trotter; intellectual property partner Jorge Arciniega; litigation partner Todd Harrison; intellectual property counsel Jason Yu; executive compensation and labor, employment and benefits associate Ashley McCarthy; and corporate associates Scott Regan and Nicole Yoon.
Boston-based Fireman Capital acquired a majority stake in SkipHop in November 2013. Skip Hop is one of the fastest growing global providers of branded products and accessories for parents, babies and children. The company, founded in New York City in 2003, sells its products in more than 5,000 retail shops in over 60 countries including the US and Canada.
The acquirer, Carter’s, based in Atlanta, is the largest branded marketer of apparel and related products for babies and young children. It owns the Carter’s and OshKosh B’gosh brands.
Harris Williams & Co. served as the exclusive financial advisor to Skip Hop.
J.P. Morgan Securities LLC acted as financial advisor and King & Spalding LLP acted as legal counsel to Carter’s in connection with the transaction.
About Fireman Capital Partners (FCP)
Fireman Capital Partners invests in consumer-focused companies through both growth equity and buyout transactions. The private equity firm focuses on dynamic consumer businesses with revenues between 30MUSD and 150MUSD, who also have a unique vision, strong product and market share, and sound management. FCP leverages its capital, extensive network, and deep operating expertise to add substantial value. The firm is currently invested in Oskar Blues Brewery Holdings, Newton Running, Idea Paint, and Surfside Coffee Company, with realized investments in Hudson Jeans, Evolution Fresh, and Serena and Lily, in addition to Skip Hop.
About Skip Hop
Skip Hop Inc. is a New York City company devoted to designing innovative products for moms and dads. The company understands the challenges faced by today’s parents as they are adjusting to their new lives. They study how families use existing parenting products, and armed with this knowledge, create smarter, more innovative solutions that combine advanced functionality and modern design. The result is a variety of exciting essentials that make day-to-day living easier (and better!) for today’s moms and dads. For more information on Skip Hop please visit www.skiphop.com.
About McDermott Will & Emery’s Transactional Practice Group
McDermott’s Corporate & Transactional Practice represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial driven enterprises, as well as the financial institutions that support them. McDermott consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook. The Corporate & Transactional Practice Group was named “Team of the Year” for Middle Market M&A/Buyouts by The Legal 500 and is highly ranked by Chambers in the United States, Germany and the United Kingdom.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.