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M&A Deal Summary

Centric Brands Acquires Swims AS

On July 19, 2016, Centric Brands acquired apparel/textiles company Swims AS from Verdane

Acquisition Highlights
  • This is Centric Brands’ 3rd transaction in the Apparel/Textiles sector.
  • This is Centric Brands’ 1st transaction in Norway.

M&A Deal Summary
Date 2016-07-19
Target Swims AS
Sector Apparel/Textiles
Buyer(s) Centric Brands
Sellers(s) Verdane
Deal Type Add-on Acquisition

Target

Swims AS

Oslo, Norway
Swims AS is a lifestyle brand best known for its range of fashion-forward, water-resistant footwear and sportswear that artfully balances performance, comfort and style. SWIMS distributes its full range of footwear, swimwear, outerwear, ready-to-wear and accessories worldwide through high-end department stores, independent specialty stores, and luxury resorts.

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Buyer(S) 1

Buyer

Centric Brands

New York, New York, United States
Category Company
Founded 1987
Sector Apparel/Textiles
Revenue 597M USD (2018)
DESCRIPTION

Centric Brands is a design, development, production, and marketing of apparel products. Centric Brands was founded in 1987 and is based in Commerce, California.

DEAL STATS #
Overall 3 of 7
Sector: Apparel/Textiles M&A 3 of 7
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Norway M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-28 Robert Graham

New York, New York, United States

Robert Graham LLC is a provider of luxury men’s and women’s collection apparel. Robert Graham was founded in 2001 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Global Brands Group Holding - North American Division

China

Global Brands Group Holding Ltd. - North American Division comprised of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.

Buy $1.4B

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.

DEAL STATS #
Overall 31 of 48
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 24 of 34
Country: Norway M&A 12 of 15
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-19 Polytech

Bramming, Denmark

Polytech provides rotor-blade technical solutions for wind turbines. Polytech was founded in 1994 and is based in Bramming, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Studytube

Amsterdam, Netherlands

Studytube is a edtech company providing a SaaS platform for employee learning and development, including LMS, course marketplace, and AI-powered tools for organizations across Europe. Studytube was formed in 2010 and is based in Amsterdam, Netherlands.

Buy -
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