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SSLP to Provide Financing in Vestar’s Acquisition of Woodstream

April 28, 2015, 07:29 AM
Filed Under: Manufacturing

Vestar Capital Partners, Brockway Moran & Partners and CHS Capital announced that Vestar has signed a definitive agreement to acquire Woodstream, a leading manufacturer and marketer of branded pest and animal control as well as lawn and garden products, from Brockway Moran and CHS Capital. Terms were not disclosed. The transaction is expected to close in the second quarter of 2015.

The Senior Secured Loan Program (SSLP), jointly managed by affiliates of GE Capital and Ares Capital Corporation, provided commitments for the debt financing for the transaction. Kirkland & Ellis LLP acted as the legal advisor to Vestar in this transaction. William Blair & Company, Peter W. Klein, P.A. and Faegre Baker Daniels LLP represented Woodstream in the transaction.
   
Woodstream, through a broad portfolio of leading niche brands, services the lawn and garden, birding, pet, rodent control, hobby farm and animal control needs of consumers. Woodstream’s brands include Victor mouse and rat traps, Terro liquid ant bait, Perky-pet bird feeders, and Zareba and Fi-Shock electronic animal and hobby farming fencing, among others.

Woodstream, headquartered in Lititz, Pennsylvania, is a global manufacturer and marketer of a broad portfolio of branded pest control and lawn & garden products, under brands such as Victor®, Terro®, Perky-Pet®, Havahart®, Safer®, Sweeney’s® and Mosquito Magnet®, among others.





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