M&A Deal Summary

Essity Acquires Modibodi

On July 7, 2022, Essity acquired apparel/textiles company Modibodi for 140M AUD

Acquisition Highlights
  • This is Essity’s 1st transaction in the Apparel/Textiles sector.
  • This is Essity’s 4th largest (disclosed) transaction.
  • This is Essity’s 2nd transaction in Australia.

M&A Deal Summary
Date 2022-07-07
Target Modibodi
Sector Apparel/Textiles
Buyer(s) Essity
Deal Type Add-on Acquisition
Deal Value 140M AUD

Target

Modibodi

Balmain, Australia
website
Modibodi provides leakproof apparel for periods and incontinence including underwear, swimwear, activewear, and maternity wear. The company operates an online, direct-to-consumer business model, with growing sales in retail and through e-tailers. Modibodi was formed in 2013 and is based in Balmain, Australia.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Essity

Stockholm, Sweden

website

Category Company
Founded 1849
Sector Consumer Products
Employees46,000
Revenue 121.8B SEK (2020)
DESCRIPTION

Essity is a global hygiene and health company dedicated to improving well-being through products and services. Essity AB's personal care products include incontinence products, including skincare products, wet wipes, and wash gloves; baby and pant diapers, as well as baby care products, such as wet wipes, shampoos, lotions, and baby oils; pads, panty liners, tampons, intimate soaps, and intimate wipes; and wound care, vascular, and orthopedics products and services. Essity was founded in 1849 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 8 of 9
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 7 of 8
Country (Australia) 2 of 2
Year (2022) 2 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Legacy Converting

Fieldsboro, New Jersey, United States

Legacy Converting is a manufacturer of the EverwipeTM brand of roll and folded wipes in a variety of formats, including pop-up canister, bucket and resealable packs. Customers are mainly found in the Industrial and Office Supply, Public Interest, Commercial and Healthcare market segments. Legacy Converting was founded in 2004 and is based in Fieldsboro, New Jersey.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 Knix

Toronto, Ontario, Canada

Knix is a direct-to-consumer intimate apparel brand that is re-inventing intimates for real life. Knix was founded in 2012 and is based in Toronto, Ontario.

Buy $320M
Mergr

Product

Company

Legal