Investment Summary

3i Private Equity and L Capital Management Exits Gant AB

On March 28, 2006, invested in apparel/textiles company Gant AB from 3i Private Equity and L Capital Management

Investment Highlights
  • This is transaction in the Apparel/Textiles sector.
  • This is transaction in Sweden.
Investment Fate
  • Gant AB was sold to a strategic buyer in 2008 for 600M EUR.

Investment Summary

Date 2006-03-28
Target Gant AB
Sector Apparel/Textiles
Sellers(s) 3i Private Equity
L Capital Management
Deal Type IPO

Target

Gant AB

Stockholm, Sweden
Gant's corporate headquarters in Stockholm.
Gant's corporate headquarters in Stockholm.
GANT is a lifestyle brand for men and women. Epitomizing 'American Casualness with European Elegance', GANT's values are based on the brand's east coast heritage from the start of the company in the USA. Today, GANT is established in 54 countries via 154 GANT stores as well as a great number of selected premium retailers. Over the past 10-year period, company revenue has grown significantly year on year. GANT offers the full range of clothing and accessories for men, boys and babies. Watches, Footwear, Eyewear, Fragrance and Home products are licenses incorporated under the GANT brand name.

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Seller(S) 2

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 37 of 196
Sector: Apparel/Textiles M&A 3 of 6
Type: IPO M&A Deals 5 of 20
Country: Sweden M&A 1 of 15
Year: 2006 M&A 5 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-27 Allen & Heath

Cornwall, United Kingdom

Allen & Heath is a designer and manufacturer of professional audio mixing equipment. It has a niche market position and a strong track record in developing innovative products. Its core products are mixing consoles for live sound venues, professional DJ mixers and sound controllers for building installations. Allen & Heath was founded in 1969 and is based in Cornwall, United Kingdom.

Sell £9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-07 International Tractors

New Delhi City, India

International Tractors is a manufacturer of tractors and agricultural machinery. Established in 1995, International Tractors (ITL) is the flagship company of farm equipment manufacturer Sonalika Group. It produces tractors of up to 90 horsepower under the Sonalika Tractors and Renault Ceres Tractors brands, the latter a result of a joint venture with Renault Agriculture of France.

Buy -
SELLER

L Capital Management

Paris, France

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

L Capital Management is a private equity firm that focuses on acquiring businesses primarily in Europe and also look for potential opportunities in North America and Asia. It looks to invests €15 - €60 million in companies with revenues of €30 - €400 million. The firm seeks to hold both minority and majority stake in portfolio companies along with co-investors. Specific areas of interest include personal care and well-being, personal equipment, home and family equipment and selective retailing. Types of transaction include LBO’s and growth capital financing. L Capital is sponsored by the LVMH Group and Groupe Arnault. L Capital was formed in 2001 and is based Paris, France with additional offices in Milan, Italy and Madrid, Spain.


DEAL STATS #
Overall 2 of 17
Sector: Apparel/Textiles M&A 1 of 6
Type: IPO M&A Deals 1 of 2
Country: Sweden M&A 1 of 1
Year: 2006 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Nutrition & Sante SAS

Revel, France

Leader in functional and natural food in Europe, Nutrition & Santé manufactures and sales a broad range of products under the brands Gerblé, Isostar, Gerlinéa, Milical, Modifast, Pesoforma, Céréal Bio and Soy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-04 Stroili Oro Group

Amaro, Italy

Stroili Oro Group SpA is an Italian retail chain for jewellery, watches and other affordable gold and silver accessories.

Buy €180M