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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today’s Transactions:
Atlanta Investors Buy Family Christian Stores

The buyers include Larry Powell, president of Powell Family Enterprises LLC, and Michael Kendrick, chief executive of Blueprint for Life

Three Atlanta-based investors agreed to acquire Family Christian Stores Inc., the largest Christian retail chain, for an undisclosed price.

The buyers include Larry Powell, president of Powell Family Enterprises LLC, a private equity investment firm; Michael Kendrick (pictured), an investment banker who is currently chief executive of Blueprint for Life; and Richard Jackson, founder and chief executive of Jackson Healthcare, a healthcare staffing company.

William Blair & Co. LLC advised the investors, while Tim Alexander, Glenn Gurtcheff and Jeff Cleveland of investment bank Harris Williams & Co. managed Family Christian throughout the sale process.

The new owners said they plan to contribute 100 percent of Family Christian’s profits to Christian ministries serving widows and orphans.

Family Christian, founded in 1932, is headquartered in Grand Rapids, Mich. It currently has 280 stores located across 36 states.

 

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