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JH Partners to sell CHEFS Catalog to Target

JH Partners, a private equity firm specialising in investing growth capital in consumer-focused companies, has agreed to sell its portfolio company CHEFS Catalog to Target Corp. 

Financial terms of the transaction, which is expected to close within 30 days, have not been disclosed.

CHEFS Catalog is a direct-to-consumer specialty retailer of cookware, bake ware, cutlery, kitchen tools and cooking utensils. JH Partners acquired Colorado-based CHEFS Catalog from The Neiman Marcus Group in 2004. 

Upon completion of the transaction, Target will combine CHEFS Catalog with the acquired assets of Cooking.com to create a new, wholly-owned subsidiary of Target aimed at expanding the company’s presence in the growing cooking and kitchenware market.  Both brands will continue to operate under their current names.

"We’re delighted with the outcome of our work with CHEFS Catalog’s management team, led by Tim Littleton," says Michael John, partner at JH Partners. "CHEFS and the JH Partners teams have worked together to transform Chefs from a single channel catalog company into a true multichannel retailer of great cookware with exceptional revenue and margin growth driven by our online business."

Janney Montgomery Scott and Perkins Coie advised JH Partners on the sale of CHEFS Catalog.

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