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AEA Acquires ThreeSixty Group
New York – October 1, 2015 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has closed the acquisition of ThreeSixty Group, Ltd. (“ThreeSixty” or “the Company”). ThreeSixty is a leading provider of branded merchandising programs to retailers, offering high-velocity, low-priced consumer products and accessories to retail customers in department and drug stores, as well as mass, club and specialty channels.
With over 370 employees worldwide across six offices in the U.S. and China, ThreeSixty designs, develops and sources hardline consumer products within the children’s activity, home décor, men’s gift and other accessories categories. The Company has developed a differentiated business model, which includes organizing and bundling individual consumer products at various price-points that are offered to retailers under a portfolio of company-owned and licensed brands. Following the close, ThreeSixty will be able to execute numerous attractive growth opportunities including expanding its pipeline of new categories and penetrating new customers and geographies, while capturing significant whitespace potential within existing retailer relationships.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $9 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
About ThreeSixty Group
ThreeSixty Group, originally known as MerchSource, was founded in Southern California in 1999. Today, ThreeSixty designs, sources and distributes consumer products across diverse categories under a portfolio of owned and licensed brands. The Company produces curated merchandise programs that it distributes to major retailers across almost every retail channel in the U.S., representing over 70,000 retail stores.
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