Chris Kampe, Managing Director, Tully & Holland, Discusses Acquisition of Timothy's Coffees with Multichannel Merchant
November 19, 2009 - Multichannel Merchant quotes Chris Kampe, Managing Director of Tully & Holland's Retail Group in an article published last week in Cross Channel, the section that covers synergies between print catalogs, websites and stores.
The article discusses the acquisition of Toronto-based Timothy's Coffees of the World, an affiliate of Sun Capital Partners by Green Mountain Coffee Roasters (GMCR). Chris Kampe commented that "The highly visible Sun Capital tends to invest in special opportunities or distressed deals, implements some sort of turnaround, and "flips" the assets two years later. This is a different strategy than most private equity groups, which seek to hold businesses for four to six years. Sun's quick exit of this investment is very typical of its short investment hold strategy."
Chris added, "Green Mountain has been doing well with its Keurig coffee dispensers and K-cups and Timothy's provides GMCR with a Canadian brand and platform for expansion in Canada."
Tully & Holland Inc. is a leading US investment bank that provides sophisticated corporate finance advisory services to consumer product companies with special emphasis on retailers, multi-channel marketers, food companies, and consumer product manufacturers/distributors. Chris Kampe, Managing Director of Tully & Holland's Retail Group, has more than 17 years experience in investment and commercial banking, most recently as a Director of Grant Thornton Corporate Finance LLC. Prior to joining Grant Thornton, Chris was a Vice President in Fleet Bank's Retail Group where he spent five years covering the sector.