M&A Deal Summary

Souter Investments Limited Acquires Celtic

On August 23, 2021, family office Souter Investments Limited acquired apparel/textiles company Celtic

Acquisition Highlights
  • This is Souter Investments Limited’s 1st transaction in the Apparel/Textiles sector.
  • This is Souter Investments Limited’s 21st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-08-23
Target Celtic
Sector Apparel/Textiles
Buyer(s) Souter Investments Limited
Deal Type Buyout (LBO, MBO, MBI)

Target

Celtic

Cornwall, United Kingdom
website
Celtic & Co. designs and creates enduring contemporary pieces using the finest natural fibres that are renewable, sustainable and a pleasure to wear. Celtic & Co. was founded in 1990 and is based in Cornwall, England.

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Buyer(S) 1

Buyer

Souter Investments Limited

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.

DEAL STATS #
Overall 25 of 32
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 10
Country (United Kingdom) 21 of 28
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Pet Network

Zagreb, Croatia

Pet Network offers its customers a best-in-class range of thousands of pet products, available both in physical stores and online, as well as other services such as grooming and veterinary care. Pet Network is a European pet care retail group of companies, currently operating in South-Eastern Europe. The company is in Croatia, operating under the brand Pet Centar, in Romania, operating under the brands Animax and Maxi Pet, in Slovenia, operating under the brand Mr. Pet, in Serbia, operating under the brand Pet Centar.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Broadway

Liverpool, United Kingdom

Broadway serves the connectivity needs of rural communities across the UK by deploying the pioneering TV WhiteSpace technology. The company has developed network coverage across large swathes of monmouthshire in Wales, and in ayrshire, perth & kinross, inverness-shire, and stirlingshire in Scotland. With an initial fixed wireless focus, broadway has incorporated full fibre into its technology toolkit, allowing it to offer the most appropriate technology wherever it goes. Broadway was founded in 2016 and is based in Liverpool, United Kingdom.

Sell -
Mergr

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