Orchard Brands Corporation, a portfolio company of private equity firm Golden Gate Capital, has acquired Linen Source from The Thompson Group.
Investment bank Tully & Holland initiated the transaction and acted as the exclusive investment banking advisor to Linen Source, a direct maketer of premium bedding and home furnishings. Linen Source will now benefit from access to Orchard Brands extensive customer file.
As a USD1.1bn multi-channel marketer of apparel and home products, Orchard Brands acquired Linen Source to broaden its product offering and provide a diverse selection of high quality bedding and home décor products to its target customer.
The sale of Linen Source represents the second transaction Tully & Holland completed for The Thompson Group in 2010. This sale, in combination with the sale of Casual Living USA, sold to Boston Apparel Group, a portfolio company of Monomoy Capital Partners, LP completes the restructuring of The Thompson Group.
