M&A Deal Summary

Electra Acquires Hotter Shoes

On January 20, 2014, private equity firm Electra acquired apparel/textiles company Hotter Shoes from Gresham for 200M GBP

Acquisition Highlights
  • This is Electra’s 1st transaction in the Apparel/Textiles sector.
  • This is Electra’s 6th largest (disclosed) transaction.
  • This is Electra’s 26th transaction in the United Kingdom.
Investment Fate
  • Hotter Shoes was sold to a strategic buyer in 2023 for 7M GBP.

M&A Deal Summary
Date 2014-01-20
Target Hotter Shoes
Sector Apparel/Textiles
Buyer(s) Electra
Sellers(s) Gresham
Deal Type Secondary Buyout
Deal Value 200M GBP
Advisor(s) Rothschild Global Advisory (Financial)

Target

Hotter Shoes

Skelmersdale, United Kingdom
website
Hotter Shoes is a provider of comfortable footwear for the grey market. Hotter’s design and assembly are focused in the UK, distinguishing itself as one of the few British made footwear ranges. Hotter Shoes was founded in 1959 and is based in Skelmersdale, United Kingdom.

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Buyer(S) 1

Buyer

Electra

London, United Kingdom

Investor

website

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 34 of 36
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 10 of 11
Country (United Kingdom) 26 of 27
Year (2014) 1 of 3
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 Allen & Heath

Cornwall, United Kingdom

Allen & Heath is a designer and manufacturer of professional audio mixing equipment. It has a niche market position and a strong track record in developing innovative products. Its core products are mixing consoles for live sound venues, professional DJ mixers and sound controllers for building installations. Allen & Heath was founded in 1969 and is based in Cornwall, United Kingdom.

Buy £43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Elian Group

Jersey, Channel Islands

Elian Group provides trust, fund and company administration services to multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers. Elian Group was founded in 1999 and is based in Jersey, Channel Islands.

Buy £180M

Seller(S) 1

SELLER

Gresham

London, United Kingdom

website

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Gresham LLP is a private equity firm focused on management buyouts across a broad range of industries in the UK. Gresham considers transactions up to GBP100 million with an emphasis on opportunities in business services, support services, consumer products and services, financial services, healthcare/pharmaceuticals, industrial products and energy/environmental. Gresham is based in London with additional offices in Birmingham and Manchester.

DEAL STATS #
Overall 18 of 27
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 8 of 13
Country (United Kingdom) 18 of 27
Year (2014) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Swift Technical Group

Enfield, United Kingdom

Swift Technical Group Ltd. (Swift Worldwide Resources) is a specialist recruitment provider for the global oil & gas industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 LAS Claims Management

Birmingham, United Kingdom

LAS Claims Management Ltd. (formerly Lanes Assistance Services Ltd) is a provider of outsourced claims management service for the insurance industry.

Sell £35M
Mergr

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