Equity Firm Takes Vermont Teddy Bear Private

Private equity strikes again!

Shelburne, VT-based Vermont Teddy Bear Co. announced on May 16 an investment group led by Boston-based private equity firm The Mustang Group would buy out a significant portion of the company’s common stockholders. In addition to its core brand, Vermont Teddy Bear includes fresh-flowers mailer Calyx & Corolla and gift merchants PajamaGram and TastyGram.

Under the terms of the agreement, the common stockholders not continuing as investors will receive $6.50 in cash per share. The deal is expected to close by the end of September. The company will continue to include “significant participation by Vermont investors,” including Middlebury, VT-based investment firm FreshTracks Capital and members of the Vermont Teddy Bear management team.

Following the transaction, Elisabeth Robert will continue as president/CEO. Also remaining in place will be vice president of marketing Irene Steiner, vice president of operations Catherine Camardo, and chief accounting officer Mark Sleeper.

The Mustang Group invests in middle-market companies throughout North America. Vermont Teddy Bear is the latest in a slew of private equity transactions. In recent weeks private equity groups have scooped up the likes of Dallas-based cataloger/retailer Neiman Marcus Group (Texas Pacific and Warburg Pincus on May 2), Nashua, NH-based cataloger/retailer Brookstone (JW Childs Associates and Temasek Holdings, with Singapore-based manufacturer/marketer OSIM International in April 15), and Westerly, RI-based Paragon Holdings (Reliant Equity Investors/BluSky Brands in March).

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Equity Firm Takes Vermont Teddy Bear Private

Private equity strikes again!

Shelburne, VT-based Vermont Teddy Bear Co. announced on May 16 an investment group led by Boston-based private equity firm The Mustang Group would buy out a significant portion of the company’s common stockholders. In addition to its core brand, Vermont Teddy Bear includes fresh-flowers mailer Calyx & Corolla and gift merchants PajamaGram and TastyGram.

Under the terms of the agreement, the common stockholders not continuing as investors will receive $6.50 in cash per share. The deal is expected to close by the end of September. The company will continue to include “significant participation by Vermont investors,” including Middlebury, VT-based investment firm FreshTracks Capital and members of the Vermont Teddy Bear management team.

Following the transaction, Elisabeth Robert will continue as president/CEO. Also remaining in place will be vice president of marketing Irene Steiner, vice president of operations Catherine Camardo, and chief accounting officer Mark Sleeper.

The Mustang Group invests in middle-market companies throughout North America. Vermont Teddy Bear is the latest in a slew of private equity transactions. In recent weeks private equity groups have scooped up the likes of Dallas-based cataloger/retailer Neiman Marcus Group (Texas Pacific and Warburg Pincus on May 2), Nashua, NH-based cataloger/retailer Brookstone (JW Childs Associates and Temasek Holdings, with Singapore-based manufacturer/marketer OSIM International in April 15), and Westerly, RI-based Paragon Holdings (Reliant Equity Investors/BluSky Brands in March).

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The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
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