Mondetta Canada has three operating units: Mondetta – casual apparel; MPG (Mondetta Performance Gear) – athletic and outerwear apparel sold to multi-sport athletes; and a private label division. The company’s products are sold through retailers across the globe under its own brands as well as through MPG branded stores in Canada and South Korea. Mondetta Canada was founded in 1986 and is headquartered in Winnipeg (www.mondetta.com) (www.mpgsport.com).
“We are excited about the opportunity to work with a leading established company in the activewear industry,” said Donald Steiner, Webster Capital Managing Partner. “We think the MPG brand offers a differentiated product line to what is currently available on the market in that it combines both quality performance fabrics with leading fashion styles. MPG is well-poised to take advantage of the continuing growth in consumer demand for elevated active and casualwear.”
Webster Capital invests in branded consumer, business- to-business, and healthcare services companies with revenues of $20 million to $100 million and EBITDAs from $2 million to $15 million. Transaction values typically range from $30 million to $100 million. The firm was founded in 2003 and is based in Waltham, MA (www.webstercapital.com).
“We are looking forward to working with Webster Capital. Besides their financial acumen, the Webster team brings to the table a group of individuals who understands the consumer product space, and more importantly, the changing face of retail and the distribution strategies around it,” said Co-founder and CEO, Ash Modha. “Our experience in structuring this transaction has only reinforced how our values and synergies line up.”
KPMG (www.kpmg.com) was the exclusive financial adviser to Mondetta Canada for this transaction.
2015 PEPD • Private Equity’s Leading News Magazine • 5-13-15