Recapitalization • Apparel/Textiles

Advent International Acquires Shoes For Crews

On July 1, 2004, private equity firm Advent International acquired apparel/textiles company Shoes For Crews for 120M USD

Acquisition Context
  • This is Advent International’s 2nd transaction in the Apparel/Textiles sector.
  • This is Advent International’s 48th largest (disclosed) transaction.
  • This is Advent International’s 35th transaction in the United States.
  • This is Advent International’s 3rd transaction in Florida.
Investment Fate
  • Shoes For Crews was sold to a consortium of financial buyers in 2010.
  • Shoes For Crews was sold to a consortium of financial buyers in 2015.

Explore All 42 Recapitalization Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date July 1, 2004
Target Shoes For Crews
Sector Apparel/Textiles
Buyer(s) Advent International
Deal Type Recapitalization
Deal Value 120M USD

Target Company

Shoes For Crews

West Palm Beach, Florida, United States
Shoes for Crews is a unique rubber compound to produce slip-resistant footwear, significantly reducing slip-and-fall accidents. Shoes For Crews was founded in 1984 and is based in West Palm Beach, Florida.
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Buyer Overview 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 111 of 353
Sector: Apparel/Textiles 2 of 7
Type: Recapitalization 9 of 13
State: Florida 3 of 6
Country: United States 35 of 106
Year: 2004 10 of 13
Size (of disclosed) 48 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-24 SPORTFIVE

Altrincham, United Kingdom

SPORTFIVE is a globally active sports marketing business focusing on the buying & selling of sponsorship and media rights as well as brand consulting, event management and athlete management. Its success is built on long-standing relationships on a global scale paired with decades of experience and an innovative spirit to bring together brands, rightsholders, media platforms, and sports fans. SPORTFIVE is a trusted partner for business with the world’s leading clubs, leagues, and federations in established sports markets such as soccer, handball, and Olympics as well as in growth markets such as eSports. SPORTFIVE is based in Altrincham, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-30 Avip Italia

Mappano, Italy

Avip Italia operates as an advertising agency. The Company promotes campaigns and provides outdoor advertising services. Avip Italia is based in Mappano, Italy.

Buy -