Deal Details

Ergobaby Is Acquired by Highlander Partners

Consumer

Ergobaby, a portfolio company of Compass, sale to Highlander Partners

Summary

The Ergo Baby Carrier, Inc. (“Ergobaby” or the “Company”), a portfolio company of Compass Diversified Holdings (“Compass”) (NYSE: CODI), has been acquired by Highlander Partners, L.P. (“Highlander Partners”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Ergobaby on this transaction.

About

Founded in 2003, Ergobaby is the global market leader in premium baby carriers. The Company's ergonomically designed products provide the ultimate in comfort and ergonomics for both the baby and the caregiver. Ergobaby’s premium brand portfolio includes three distinct market leaders: Ergobaby, Tula and Belly Bandit. The Company's comprehensive product line includes ergonomically designed baby carriers, wraps, strollers, bouncers, highchairs, maternity and post-partum support bands and apparel, and feeding, sleep and nursing accessories. Through its global workforce of 170 employees, Ergobaby reaches customers across more than 1,800 retail doors and maintains distribution in over 75 countries. Ergobaby is headquartered in Los Angeles, California.

Compass is a publicly-traded holding company that provides shareholders with unique access to middle-market businesses. Since its IPO in 2006, Compass has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the industrial, branded consumer and healthcare sectors. Compass leverages its permanent capital base, long-term disciplined approach and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. Compass provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. Compass utilizes the cash flows generated by its subsidiaries to invest in long-term growth and has consistently generated strong returns through its culture of transparency, alignment and accountability. Compass is headquartered in Westport, Connecticut.

Highlander Partners is a private investment firm with more than $3 billion in assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners employs a buy and build investment approach, creating value by helping companies grow both organically and through acquisitions. Highlander Partners is headquartered in Dallas, Texas.

Consumer

Ergobaby, a portfolio company of Compass, sale to Highlander Partners