M&A Deal Summary

Randa Accessories Acquires Haggar

On May 7, 2019, Randa Accessories acquired apparel/textiles company Haggar from Perseus and Pou Chen

Acquisition Highlights
  • This is Randa Accessories’ 3rd transaction in the Apparel/Textiles sector.
  • This is Randa Accessories’ 4th transaction in the United States.
  • This is Randa Accessories’ 1st transaction in Texas.

M&A Deal Summary

Date 2019-05-07
Target Haggar
Sector Apparel/Textiles
Buyer(s) Randa Accessories
Sellers(s) Perseus
Pou Chen
Deal Type Add-on Acquisition

Target

Haggar

Farmers Branch, Texas, United States
website
Haggar is a manufacturer of men’s fine dress pants and slacks into one of the recognized apparel brands in the market. Haggar was founded in 1926 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Randa Accessories

New Yor, New York, United States

website


Category Company
Founded 1910
Sector Apparel/Textiles
DESCRIPTION

Randa Corp. is an men’s accessories company. Creating and marketing men's belts, small leather goods, neckwear, luggage, casual bags, jewelry, seasonal footwear, hats, gloves, scarves and gifts, Randa collaborates with 75 marquee brands.


DEAL STATS #
Overall 4 of 4
Sector (Apparel/Textiles) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-17 Swank

New York, New York, United States

Swank, Inc. is providing high quality men’s fashion accessories since 1897. Swank designs, sources, markets, and distributes a broad selection of high quality men’s jewelry, belts, personal leather accessories, and gifts throughout the country.

Buy $58M

Seller(S) 2

SELLER

Perseus

Washington, District of Columbia, United States

website


Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.


DEAL STATS #
Overall 31 of 31
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 22 of 22
State (Texas) 3 of 3
Country (United States) 27 of 27
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Lumexis

Irvine, California, United States

Lumexis was a manufacturer of advanced In-flight entertainment and connectivity systems. Lumexis was formed in 2003 and was based in Irvine, California.

Sell -
SELLER

Pou Chen

Taichung, Taiwan

website


Category Company
Founded 1969
Sector Apparel/Textiles
Employees314,352
Revenue 267.5B TWD (2022)
DESCRIPTION

Pou Chen is a canvas and rubber footwear company that is focused on athletic and casual footwear manufacturing. Pou Chen was founded in 1969 and is based in Taichung, Taiwan.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Haggar

Farmers Branch, Texas, United States

Haggar is a manufacturer of men’s fine dress pants and slacks into one of the recognized apparel brands in the market. Haggar was founded in 1926 and is based in Dallas, Texas.

Buy $212M