M&A Deal Summary

Caleres Acquires Vionic Group

On October 18, 2018, Caleres acquired apparel/textiles company Vionic Group from Alpine Investors for 360M USD

Acquisition Highlights
  • This is Caleres’ 7th transaction in the Apparel/Textiles sector.
  • This is Caleres’ largest (disclosed) transaction.
  • This is Caleres’ 7th transaction in the United States.
  • This is Caleres’ 2nd transaction in California.

M&A Deal Summary

Date 2018-10-18
Target Vionic Group
Sector Apparel/Textiles
Buyer(s) Caleres
Sellers(s) Alpine Investors
Deal Type Add-on Acquisition
Deal Value 360M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Vionic Group

San Rafael, California, United States
website
Vionic Group LLC is a privately held global company offering product development, research, marketing and distribution of branded footwear, footbeds and educational workshops. Vionic was formed in 1979 and is based in San Rafael, California.

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Buyer(S) 1

Buyer

Caleres

St. Louis, Missouri, United States

website


Category Company
Founded 1878
Sector Retail
Employees5,200
Revenue 2.8B USD (2022)
DESCRIPTION

Caleres originally founded as Brown Shoe Company, Inc., is a global footwear retailer and wholesale. Caleres, Inc. operates retail shoe stores and e-commerce websites as well as designs, sources and markets footwear for women and men. Caleres was incorporated in 1878 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 7 of 7
Sector (Apparel/Textiles) 7 of 7
Type (Add-on Acquisition) 5 of 5
State (California) 2 of 2
Country (United States) 7 of 7
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Allen Edmonds

Port Washington, Wisconsin, United States

Allen Edmonds Corp. is a manufacturer of men’s premium handcrafted leather footwear and accessories. Allen Edmonds was founded in 1922 and is based in Port Washington, Wisconsin.

Buy $255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Dr. Scholl s Shoes

St. Louis, Missouri, United States

Dr. Scholl's Shoes is a provider of foot care brand that has an over 110-year heritage with brand equity in the foot care category. Dr. Scholl's Shoes is based in St. Louis, Missouri.

Sell $585M

Seller(S) 1

SELLER

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Alpine Investors is a private investment firm that targets small to mid-sized company investments in the US, Canada, Europe, and Australia. Alpine looks for companies with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Areas of interest include software, business services, publishing, and digital media. Alpine Investors was established in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 10 of 23
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 5 of 13
State (California) 3 of 6
Country (United States) 10 of 23
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Riverside Insights

Itasca, Illinois, United States

Riverside Insights is a provider of classroom and clinical assessments. Riverside is comprised of several brands that are trusted by educators, administrators, psychologists, researchers, and hospitals.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Avitru

Alexandria, Virginia, United States

Avitru empowers architects, engineers, contractors, and owners to make better, faster decisions. As the exclusive developer of AIA MasterSpec®, AVITRU has leveraged its position in the market to enable the collaborative exchange of expert knowledge to design, build, and operate a better-built environment. The AVITRU team is committed to constructing a world where better building leads to better lives.

Sell -