Insights

July 7, 2021: Indianapolis-based private equity firm CID Capital (“CID”) announced today that it has recently completed the sale of Classic Accessories L.L.C. (“Classic”) to Twin Star Home. Classic Accessories is the leading branded manufacturer of high quality, benefit-rich protective covers as well as outdoor furnishings and accessories sold through ecommerce and traditional retailers. Terms of the deal were not disclosed.

CID originally partnered with the founder of Classic Accessories to support management in the expansion of the Company’s product assortment and ecommerce capabilities. As the business expanded, CID invested in additional management team members, systems, facilities, marketing capabilities, and an add-on acquisition, all fundamental to Classic Accessories’ long-term success.    “CID really enjoyed the partnership with Classic Accessories. Management’s talent and capabilities guided the business through a period of strong multi-channel growth resulting in the category leadership and ecommerce excellence the business enjoys today,” said CID Managing Partner, Steve Cobb. “Utilizing our decades-long experience building consumer products companies alongside talented management teams, we’re proud to have helped contribute to the growth of Classic Accessories over the last five years. From day one, we had a great appreciation for the team’s vision and their pursuit to develop Classic Accessories into the premier outdoor products provider it is today.” Baird served as the exclusive transaction advisor and Ice Miller acted as legal counsel to CID in this transaction.

In partnership with Giftcraft’s former CEO’s planned transition, CID Capital is very excited to announce that it has executed our planned CEO succession with the addition of Todd Vore, a highly successful consumer products executive. Todd brings a wealth of experience and success to an already standout team at Giftcraft. Over his 20+ year tenure as the President of Implus, Todd was instrumental growing the company from a single brand to a 20 brand conglomerate. He has significant M&A and private equity experience and he will be a great addition towards the future of Giftcraft.

Private Equity Investment Associate Job Description 

CID Capital is an Indianapolis-based private equity firm that focuses on majority investments in lower-middle market buyout transactions. We are currently expanding our investment team to include qualified associates seeking significant responsibility in transaction analysis and investment support. Successful candidates will be assigned to transaction teams and work in an entrepreneurial environment and have constant interaction with the senior members of the firm.

Primary Responsibilities

I.  Deal diligence and execution (Apx. 70%)

• Involvement with all areas of transaction execution, from confidentiality agreement to deal closing
• Extensive leveraged buy-out modeling and financial analysis
• Manage data room analysis, third-party diligence, and internal investment review

II. Build value in portfolio companies (20%)    

• Work with portfolio company executives to execute growth and margin improvement plans
• Participate in targeted portfolio level projects including add-on acquisitions

III. Support outbound marketing and deal generation program (10%)

• Participate in outbound calling efforts to CID’s executive network
• Support business development team with calls on prospective investment opportunities
• Ongoing outreach responsibilities with sourcing networks

Qualifications

• Education: Strong academic credentials 
• High positive energy, motivation, and entrepreneurial spirit
• Excellent analytical skills and attention to detail
• Ability to work independently and as part of a larger team
• Demonstrated initiative, follow-through, leadership, and communication skills
• Extensive financial modeling skills and deep knowledge of Excel
• Previous private equity, investment banking, or accounting experience preferred

Compensation

Competitive salary based on position and experience with annual bonus based on performance

Timing

Ongoing

Please contact Debbie Morgan debbie@cidcap.com to share a current resume.