Stravina Holdings, Inc.

The Company

Hanover Accessories (“Hanover”), a division of Stravina Holdings, Inc. (“Stravina” or the “Company”), is a leading designer and marketer of private label and licensed branded jewelry, hair accessories, pet accessories, and seasonal novelty products for the “kid”, “tween”, teen, and pet markets.

The Situation

Stravina, a portfolio company of the private equity fund American Capital, engaged KPMG Corporate Finance as its exclusive adviser to assist in a range of strategic alternatives, including the sale of Stravina or selected divisions, including its Hanover business.

The Transaction

KPMG Corporate Finance conducted a competitive sale process to identify strategic and financial acquirers for the Company and its divisions. KPMG Corporate Finance developed significant buyer interest, coordinated management meetings and due diligence, and assisted Stravina in successfully negotiating a transaction for the sale of Hanover to Ultra*Pro, a portfolio company of the private equity fund Marlin Equity Partners. Throughout the sale process, we advised Stravina on all aspects of the deal, including purchaser identification, due diligence requirements, deal pricing and structuring issues. KPMG Corporate Finance pursued an aggressive timeline to assist in completing this transaction, which was accomplished within the required timeframe and conditions necessary to meet Stravina’s objectives.