M&A Deal Summary

Baugur Group Acquires Jane Norman

On July 29, 2005, Baugur Group acquired apparel/textiles company Jane Norman from Graphite Capital and Intermediate Capital Group for 117M GBP

Acquisition Highlights
  • This is Baugur Group’s 1st transaction in the Apparel/Textiles sector.
  • This is Baugur Group’s largest (disclosed) transaction.
  • This is Baugur Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2005-07-29
Target Jane Norman
Sector Apparel/Textiles
Buyer(s) Baugur Group
Sellers(s) Graphite Capital
Intermediate Capital Group
Deal Type Secondary Buyout
Deal Value 117M GBP

Target

Jane Norman

Langholm, United Kingdom
website
Jane Norman is one of the UK’s most successful young fashion brands, with some of the highest sales per square metre in the industry.

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Buyer(S) 1

DESCRIPTION

Baugur Group was an Icelandic investment group focused on buyouts as well as acquiring stakes in publicly traded Western European companies. The Firm was formed in 1998 and dissolved in 2009. Baugur Group was headquartered in Reykjavik.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


DEAL STATS #
Overall 27 of 66
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 6 of 22
Country (United Kingdom) 25 of 63
Year (2005) 5 of 6
Size (of disclosed) 7 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Integrity Software Systems

Lincoln, United Kingdom

Integrity Software Systems Ltd. is a provider of hair and beauty salon software through its 'i-salon' software package.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-05 Equanet

Bury, United Kingdom

Equanet is the specialist business to business channel of DSGi Business for large and medium sized managed customers and the public sector. We work closely with our business and public sector partners to identify, develop and deliver IT solutions with the vast array of services that we can provide. We also offer bespoke eProcurement systems and pride ourselves in delivering excellent account management. In 2005 Equanet was sold to Dixons Stores Group.

Sell -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 51 of 217
Sector (Apparel/Textiles) 2 of 5
Type (Secondary Buyout) 15 of 82
Country (United Kingdom) 21 of 59
Year (2005) 7 of 13
Size (of disclosed) 62 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-20 Aviapartner

Brussels, Belgium

Aviapartner is an independent provider of ground handling services across 27 airports in 5 European countries (France, Belgium, Germany, Italy and the Netherlands). Each year, the Group handles over 300,000 flights on behalf of over 400 airlines. Founded in 1949, Aviapartner is headquartered In Belgium and employs over 6,000 professionals servicing c. 50 million passengers p.a.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-31 Terreal SAS

Suresnes, France

Terreal SAS manufactures clay construction products used for roofs, structural work, wall claddings, and decoration environmental protection. In 2013, Terreal has taken over by creditors.

Buy €860M