Special Situations/Distressed • Apparel/Textiles

ArcelorMittal Acquires ESCADA

On November 6, 2009, ArcelorMittal acquired apparel/textiles company ESCADA

Acquisition Context

This is ArcelorMittal’s 1st transaction in the Apparel/Textiles sector.
This is ArcelorMittal’s 1st transaction in Germany.

Investment Fate

ESCADA was divested to a consortium of buyers in 2019.

Explore All 40 Special Situations/Distressed Apparel/Textiles Deals - Search the Database Free

M&A Deal Summary
Date	November 6, 2009
Target	ESCADA
Sector	Apparel/Textiles
Buyer(s)	ArcelorMittal
Deal Type	Special Situations/Distressed

Target Company

ESCADA

Aschheim, Germany

ESCADA is a luxury womenswear brand, Under the two product lines ESCADA and ESCADA SPORT the brand offers its customers a lifestyle concept for dressing, filled with everything from must-have daywear for business and leisure to glamorous eveningwear. ESCADA was formed in 1978 and is based in Aschheim, Germany.

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Buyer Overview 1

Buyer

ArcelorMittal

Luxembourg, Luxembourg

Category	Company
Founded	1976
Sector	Metals/Mining
Employees	125,416
Revenue	62.4B USD (2024)

DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City.

Deal Context for Buyer	#
Overall	13 of 20
Sector: Apparel/Textiles	1 of 1
Type: Special Situations/Distressed	1 of 1
Country: Germany	1 of 1
Year: 2009	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-08-25	Kuzbass Coal Mines Russia Kuzbass Coal Mines assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2008-08-25

Kuzbass Coal Mines

Russia

Kuzbass Coal Mines assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-11-08	Baffinland Iron Mines Oakville, Ontario, Canada Baffinland Iron is a producer of iron ore.	Buy	CA$433M

DATE

TARGET

DEAL TYPE

VALUE

2010-11-08

Baffinland Iron Mines

Oakville, Ontario, Canada

Baffinland Iron is a producer of iron ore.

Buy

CA$433M

Explore Related M&A Activity

Apparel/Textiles M&A - Special Situations/Distressed M&A Deals - Germany M&A - 2009 M&A