M&A Deal Summary

Guess and WHP Global Acquire Rag & Bone

On February 16, 2024, Guess and WHP Global acquired apparel/textiles company Rag & Bone from Irving Place Capital

Acquisition Highlights
  • This is Guess’ 1st and WHP Global’s 8th transaction in the Apparel/Textiles sector.
  • This is Guess’ 1st and WHP Global’s 9th transaction in the United States.
  • This is Guess’ 1st and WHP Global’s 5th transaction in New York.

M&A Deal Summary

Date 2024-02-16
Target Rag & Bone
Sector Apparel/Textiles
Buyer(s) Guess
WHP Global
Sellers(s) Irving Place Capital
Deal Type Add-on Acquisition
Advisor(s) Solomon Partners (Financial)
Golenbock Eiseman Assor Bell & Peskoe
Katten Muchin Rosenman (Legal)

Target

Rag & Bone

New York, New York, United States
Rag & Bone owns and operates 34 stores in the U.S. and two stores in the U.K. which provides lifestyle apparel and accessories brand. Rag & Bone was founded in 2002 and is based in New York.

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Buyer(S) 2

Buyer

Guess

Los Angeles, California, United States

Category Company
Founded 1981
Sector Apparel/Textiles
Employees12,000
Revenue 2.8B USD (2024)
DESCRIPTION

Guess' is a clothing brand and retailer. Guess delivers products and services of uncompromising quality and integrity consistent with our brand and our image. Guess' was founded in 1981 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Buyer

WHP Global

New York, New York, United States

Category Company
Founded 2019
Sector Apparel/Textiles
DESCRIPTION

WHP Global acquires and manages consumer brands. The Company seeks out and acquires global consumer brands across all category verticals, and then focuses on building those brands in high-growth distribution channels including digital commerce platforms, product licensing, and through global expansion. WHP Global was founded in 2019 and is based in New York, New York.


DEAL STATS #
Overall 11 of 11
Sector (Apparel/Textiles) 8 of 8
Type (Add-on Acquisition) 4 of 4
State (New York) 5 of 5
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 G-Star Raw

Amsterdam, Netherlands

G-Star RAW is a Dutch clothing company with retail stores around the world. The Company focuses on youth oriented styles including denim, jackets, and other apparel. G-Star Raw was formed in 1989 and is based in Amsterdam.

Buy -

Seller(S) 1

SELLER

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.


DEAL STATS #
Overall 39 of 39
Sector (Apparel/Textiles) 4 of 4
Type (Add-on Acquisition) 17 of 17
State (New York) 7 of 7
Country (United States) 32 of 32
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Alpha Packaging

St. Louis, Missouri, United States

Alpha Packaging is a manufacturer of rigid plastic bottles and jars primarily for the nutritional, pharmaceutical, and personal care markets. Alpha Packaging is based in St. Louis, Missouri.

Sell -