Fenway Partners is an American private equity firm that makes leveraged buyout and growth capital investments in transportation logistics, consumer products, and manufacturing companies in the middle market.
Among the firms, the most notable investments are Targus, 1-800 Contacts, Coach America,[2] Riddell, Bell Sports, and Easton.
[3] During the acquisition of Targus, the managing director at Fenway Partners, Timothy Mayhew, was quoted saying; “Targus has many of the elements Fenway looks for, including a leading market position, a diversified revenue base with high barriers to entry, strong free cash flow and dynamic industry characteristics.”[4] Targus was the original creator of carrying cases for portable computers and have since expanded into multiple electronics accessories including; backpacks, locks, keyboards and keypads, privacy screens, to name a few,[5] and most recently with their acquisition of Sena, a high quality leather case maker, into the market of cases for smart phones.
As the leading manufacturer of football helmets, among other products such as pads and collectible replica items, Riddell posted revenues of over $100 million in 2002, the same figure for which it was acquired by Fenway Partners the following year.
[12] Among the firm's most notable realized investments are high-end jewelry retailer Harry Winston[13][14] and the Simmons Bedding Company.
Bill Sherman, Riddell CEO will remain in his current position as well as serving on the board of directors in regards to the company.
In the past Easton has consistently earned yearly revenues similar to those of Riddell Bell and as a combined entity is expected to break the $600 million mark.