JH Partners To Sell CHEFS Catalog To Target

Thu Mar 14, 2013 1:04pm EDT

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SAN FRANCISCO, March 14, 2013 /PRNewswire/ -- JH Partners, LLC, a private equity
firm specializing in investing growth capital in consumer-focused companies,
today announced it has agreed to sell its portfolio company CHEFS Catalog to
Target Corp. (NYSE: TGT).  Financial terms of the transaction, which is expected
to close within 30 days, were not disclosed.

CHEFS Catalog is a leading direct-to-consumer specialty retailer of top-rated
cookware, bake ware, cutlery, kitchen tools and cooking utensils aimed at
inspiring home chefs to create delicious and new recipes.  JH Partners acquired 
Colorado Springs, Colorado-based CHEFS Catalog from The Neiman Marcus Group,
Inc. 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," said  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.

About CHEFS Catalog     
CHEFS Catalog is a leading direct-to-consumer specialty retailer of top rated
cookware, bake ware, cutlery, kitchen tools and cooking utensils aimed at
inspiring home chefs to create delicious and new recipes.  Founded in 1979 and
based in  Colorado Springs, Colorado, CHEFS operates  www.chefscatalog.com, and
sells leading brands, including All-Clad, Cuisinart, Le Creuset, KitchenAid,
Scanpan, Wusthof and more. 

About JH Partners, LLC     
Based in  San Francisco, JH Partners, LLC, specializes in investing capital in
growth-oriented, middle-market consumer products and services companies. JH
Partners, LLC distinguishes itself among private equity firms with its decades
of relevant operating experience among its professional investment team and the
deep understanding of consumer markets that comes with the firm's narrow
investment focus.  Among the firm's 24 current and past investments are such
well-known brands as Bare Escentuals, J.McLaughlin, Frette, Alex and Ani, Design
Within Reach, Jurlique, and Peet's Coffee & Tea.  JH Partners manages
approximately  $1 billion  in private equity commitments.  Additional
information on JH Partners, LLC may be found at www.jhpartners.com.

 Contacts:  Todd Fogarty                
            Kekst and Company           
            todd-fogarty@kekst.com      
            212-521-4854                
                                        
            Jeffrey Taufield            
            Kekst and Company           
            jeffrey-taufield@kekst.com  
            212-521-4815                


SOURCE  JH Partners, LLC

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